The trade deficit narrowed in November as U.S. petroleum imports sank to the lowest level in more than five years.
January 7, 2015Search
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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, 2015Diesel 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, 2015Diesel 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, 2014Diesel 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, 2014Diesel Average Drops 11.6¢ To Lowest Since Jan. 2011
The U.S. retail diesel average continued its downward push last week, plummeting 11.6 cents a gallon to $3.419, the lowest since January 2011, the Department of Energy reported.
December 22, 2014Oil Drops to 5-Year Low on Concern Supply Glut to Worsen
Crude oil dropped to the lowest level in more than five years Dec. 18 on concern a supply glut will worsen.
December 18, 2014Diesel Declines 11.6¢ to $3.419 a Gallon
The average retail price of diesel plummeted another 11.6 cents this week, sending trucking’s main fuel down to $3.419 a gallon, a low not seen in almost four years, the Department of Energy said.
December 15, 2014Diesel Dives 7¢ to $3.535
The U.S. diesel average price dropped 7 cents last week, to $3.535 a gallon, and the Department of Energy said prices should fall below $3 next spring for the first time since 2010.
December 15, 2014Oil Rout Puts $24 Billion of Truck Fuel Savings in Play
As shippers of everything from toys to tools enjoy as much as $24 billion in savings from lower diesel surcharges next year, trucking companies see an opening to raise freight rates at a pace not seen in about a decade.
December 11, 2014