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Oil Finishes Week Over $112; Obama Administration to Probe Speculation

Oil finished the trading week over $112 a barrel and the Obama administration will examine the role of traders and speculators in oil markets and their contribution to high fuel prices, Bloomberg reported.

April 22, 2011

Diesel Rises Again, Climbing 2.7¢ to $4.105

Diesel fuel continued its five-month string of weekly increases, climbing 2.7 cents to $4.105 a gallon, the Department of Energy reported.

April 19, 2011

LNG Supporters Eye Expansion to Create National Network

The first extended network of natural gas filling stations could be running in a few years, the head of the nation’s largest natural-gas fuel distributor said April 13.

April 18, 2011

U.S. Diesel Fuel Price Jumps 10.2¢ to Top $4 a Gallon

The average price for a gallon of U.S. retail diesel rose above $4 last week for the first time in two-and-a-half years and will likely remain there through 2012, according to the U.S. Department of Energy.

April 18, 2011

Oil Rises Over $107 Following Drop in Gasoline Inventories

Oil rose to just over $107 a barrel Wednesday following a Department of Energy reported that showed gasoline inventories last week took their biggest drop in 12 years, Bloomberg reported.

April 13, 2011

Gasoline Jumps 19¢ to $3.76, Lundberg Says

Gasoline’s national average jumped 19 cents in the past three weeks to an average $3.76 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.

April 11, 2011

Diesel Jumps a Dime to Top $4 a Gallon

Diesel’s national average jumped over $4 for the first time since September 2008, gaining 10.2 cents to $4.078 a gallon, the Department of Energy said Monday.

April 12, 2011

Oil Jumps to Top $112 a Barrel

Oil prices continued to spike Friday, jumping $2.49 to finish the trading week over $112 a barrel on continued concerns over Libya’s civil conflict, Bloomberg reported.

April 8, 2011

Diesel Prices Up 4.4¢ to $3.976 as Economy Stokes Demand

The diesel-price spike continued last week, as the U.S. retail average rose another 4.4 cents to $3.976 a gallon, the Department of Energy reported.

April 11, 2011

Oil Hits New 30-Month High Near $109 a Barrel

Oil rose 49 cents Wednesday to a new 30-month high, closing the trading day at $108.83 a barrel on the New York Mercantile Exchange, Bloomberg reported.

April 6, 2011