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Diesel Drops 7.6¢ to $3.137 as Crude Falls Below $50

Diesel prices began the new year the same way they finished 2014, with the U.S. retail average falling 7.6 cents to $3.137 a gallon, the Department of Energy reported.

January 12, 2015

California Expands Cap-and-Trade Program; Trucking Executives Expect Higher Fuel Costs

California’s cap-and-trade program extended its reach to diesel fuel and gasoline on Jan. 1, creating no immediate price change but a great deal of concern about the workings over time of a highly complex system.

January 12, 2015

Boehner: ‘Doubtful’ House Has Votes to Raise Gas Tax

Speaker John Boehner (R-Ohio) told reporters Jan. 8 he does not think there is sufficient support in his chamber to approve an increase to the federal fuel tax.

January 8, 2015

Senators Discuss Plausibility of Higher Fuel Taxes

Senators are talking about fuel tax increases to pay for transportation — if not actually embracing the idea.

January 8, 2015

Trade Gap Shrinks More Than Forecast as US Oil Imports Dry Up

The trade deficit narrowed in November as U.S. petroleum imports sank to the lowest level in more than five years.

January 7, 2015

Oil Extends Decline From 5 1/2-Year Low as Glut Persists

Oil fell for a third day, extending its drop from the lowest close since 2009, as record supplies from Iraq and Russia bolstered speculation that a global glut that drove crude into a bear market will persist.

January 5, 2015

Diesel Tumbles 7.6¢ to $3.137 as Oil Hits $50 a Barrel

Diesel prices started the new year the way they ended 2014, falling 7.6 cents to $3.137 a gallon as oil prices fell below $50 a barrel for the first time in almost six years.

January 5, 2015

Diesel Falls Again to Close Year at $3.213

The average price of U.S. retail diesel fell 6.8 cents a gallon for the final week of the year to $3.213, the U.S. Department of Energy said Dec. 29.

December 29, 2014

Diesel Plunges 13.8¢ to Four-Year Low $3.281

The price of diesel plunged 13.8 cents to $3.281 a gallon, the lowest level in four years, the Department of Energy reported Dec. 22.

December 22, 2014