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Diesel Price Dips 1.6瞽 to $4.707 a Gallon

The U.S. average diesel price took a break last week from its dizzying climb, dipping 1.6 cents a gallon to $4.707, the Department of Energy reported.

June 9, 2008

Oil Jumps More Than $10 to Record $138.54 a Barrel

Crude oil jumped by a single-day record of more than $10 Friday close at a record $138.54 a barrel, marking an almost $16 increase over two days.

June 6, 2008

Diesel Falls 1.5瞽 to $4.692; Gas Tops $4 for First Time

The national average price of diesel fuel fell for a second straight week, dipping 1.5 cents to $4.692 a gallon, while gasoline rose above $4 for the first time, the Department of Energy said Monday.

June 10, 2008

Long Beach Port Approves Clean Trucks Plan

The Port of Long Beach, Calif., has approved the final details of its terms required for truckers to register for the ports new clean trucks program, scheduled to begin Oct. 1.

June 9, 2008

Saudi Arabia Seeks Meeting on Oil Prices

Saudi Arabia plans to call for a summit between oil-producing and consuming nations to discuss soaring crude prices, the Associated Press reported Monday.

June 9, 2008

Congress Tackles Splash-and-Dash Loophole Giving Tax Credit for Exported Biodiesel

Two bills circulating in Congress would eliminate a loophole that permits foreign producers of biodiesel to get a tax credit if they splash their product with petroleum-based diesel in the United States and then sell it overseas.

June 9, 2008

Mullen Buys Fluid, Oilfield Transport Firm

Canadian transportation firm Mullen Group Income Fund said Thursday it would buy the transport unit of Essential Energy Services Trust for C$135 million.

June 5, 2008

Oil Jump Erases Weeks Declines

Crude oil jumped more than $5 a barrel Thursday to close near $128 a barrel, erasing the declines from earlier in the week, and the Energy Department said it would delay scheduled oil deliveries to the Strategic Petroleum Reserve until next spring, Bloomberg reported.

June 4, 2008

ATA Backs Oil-Market Investigation

American Trucking Associations said Wednesday that it supports the U.S. Commodity Futures Trading Commission for taking steps toward increasing transparency of the energy futures markets.

June 4, 2008

GM Closing Four North American Plants

General Motors Corp. is closing four North American truck and sport utility vehicle plants, in light of high fuel prices that are pushing consumers to smaller vehicles, the Associated Press reported Tuesday.

June 3, 2008