Drivers in Chicago and other parts of the Midwest may see gasoline prices at the pump fall to 99 cents a gallon as regional stockpiles swell.
February 10, 2016Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Obama's $98.1 Billion Budget Proposes New Per-Barrel Fee on Oil
New infrastructure projects capable of withstanding severe weather events would be funded through a new tax on oil companies, according to the Obama White House’s fiscal 2017 budget request unveiled Feb. 9.
February 9, 2016IEA Raises Estimate of Surplus Oil Supply on Higher OPEC Output
The global oil surplus will be bigger than previously estimated in the first half, increasing the risk of further price losses, as OPEC members Iran and Iraq bolster production while demand growth slows, according to the International Energy Agency.
February 9, 2016Ex-Pilot President Mark Hazelwood, Seven Others Indicted in Diesel Fuel Rebate Fraud
KNOXVILLE, Tenn. — Former Pilot Flying J President Mark Hazelwood was arraigned Feb. 9 on charges including conspiracy to commit wire fraud and mail fraud as well as witness tampering in a nearly three-year investigation.
February 9, 2016World's Largest Energy Trader Sees a Decade of Low Oil Prices
Oil prices will stay low for as long as 10 years as Chinese economic growth slows and the U.S. shale industry acts as a cap on any rally, according to the world’s largest independent oil-trading house.
February 8, 2016Diesel Sets Record Low, Falling 2.3¢ to $2.008
The U.S. retail diesel average price fell for the 13th consecutive week, dropping 2.3 cents a gallon to $2.008 and setting a record low in the era of ultra-low-sulfur fuel, the Department of Energy reported.
February 8, 2016Republicans Unlikely to Back $10-Per-Barrel Oil Tax, Transportation Budget Expert Says
A proposal by the Obama administration to get oil companies to pay a $10-per-barrel fee on oil is unlikely to get Republican support in Congress, transportation budget expert Jack Basso told Transport Topics.
February 5, 2016US Diesel Average Declines 4¢ to $2.031; Price Has Fallen 47.1¢ Over 12 Weeks
The U.S. retail diesel average price fell for the 12th consecutive week, dropping 4 cents a gallon to $2.031, less than 1 cent above the lowest price in the era of ultra-low-sulfur fuel, the Department of Energy reported.
February 8, 2016Obama to Request $10-Per-Barrel Oil Tax for Transportation Needs
President Barack Obama will propose a $10-per-barrel tax on oil in his fiscal 2017 budget to finance self-driving cars, public transit, railroads and other transportation improvements, the White House said.
February 4, 2016Oil Prices Could Jump 50% by the End of 2016, Industry Analysts Say
Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for a bigger and longer rebound by the end of the year.
February 3, 2016