The Department of Energy said it expects the price of diesel to average $2.67 a gallon in 2016 and gasoline to average $2.36.
December 8, 2015Search
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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.
Oil Extends Decline Below $40 as OPEC Abandons Production Target
Oil extended losses below $40 a barrel amid speculation a record global glut will be prolonged as OPEC effectively abandoned its longtime strategy of limiting production to control prices.
December 7, 2015Diesel Falls to $2.379, Down 4.2¢ in Fourth Consecutive Drop
The U.S. average retail diesel price slid for the fourth week in a row, down 4.2 cents a gallon to $2.379, the Department of Energy reported Dec. 7.
December 7, 2015Diesel Price Drops 2.4¢ to $2.421; Gasoline Declines 3.5¢ to $2.059
The U.S. average retail price of diesel continued its descent for a third straight week, falling 2.4 cents a gallon to $2.421, the Department of Energy reported.
December 7, 2015European Truck Fuel Efficiency Stalls as US Continues to Tighten Emissions Standards
Trucks in the European Union are no more fuel-efficient than they were more than a decade ago, according to a report released Dec. 3, as calls increase for emissions from heavy-duty vehicles to be regulated in the same way as cars.
December 4, 2015TravelCenters of America Completes Acquisition of 10 Ohio Stop'n Go Stores
TravelCenters of America has completed its previously disclosed acquisition of 10 convenience stores located in Ohio as the company continues its expansion program.
December 4, 2015Fiat Chrysler Converts Private Truck Fleet to CNG
FCA US, the North American automaking unit of Fiat Chrysler Automobiles N.V., will invest $40 million to convert 179 trucks in its private fleet to run on compressed natural gas and build in Detroit the largest private CNG fueling station in North America.
December 4, 2015How Cheap Crude Stalled America’s Booming Oil Trains
While 2015 will go down as the worst year for crude train disasters, it also is shaping up to be the year crude-by-rail hit the brakes.
December 2, 2015Oil Prices Predicted to Continue Decline in 2016
Depressed oil prices are likely to linger longer as analysts dropped their predictions further for next year, according to a Reuters poll, assuming OPEC will not cut output when it meets Dec. 4.
December 1, 2015EPA Issues 2016 Renewable Fuel Standards
The U.S. Environmental Protection Agency has issued its final volume requirements for renewable fuels in 2016 that call for a more than 10% increase in total renewable fuels from 2015 — with most of the increases in ethanol-based renewable fuels.
December 1, 2015