Oil fell to a two-week low near $83 a barrel in early trading Tuesday as investors speculated that signs of a weakening U.S. economy and higher crude stockpiles showed fuel demand will slip, Bloomberg reported.
September 6, 2011Search
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Oil Holds Over $89 a Barrel
Oil held just over $89 a barrel Thursday in advance of the Department of Energy’s weekly report on crude, diesel and gasoline inventories, Bloomberg reported.
September 8, 2011
Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
EMA and TMA Announce New Name
The Engine Manufacturers Association, which includes the Truck Manufacturers Association, announced that it will now use the name Truck and Engine Manufacturers Association for the trade group.
September 7, 2011Diesel Rises 4.8¢ to $3.868; Gasoline Gains 4.7¢ in Second Straight Increase
Diesel’s national average price rose for a second week, up 4.8 cents to $3.868 a gallon, while gasoline gained 4.7 cents to $3.674, the Department of Energy said.
September 7, 2011Diesel Gains 1¢ to $3.82; First Increase in Five Weeks
U.S retail diesel prices rose last week for the first time in five weeks, as the Department of Energy reported that the national average cost rose 1 cent to $3.82 a gallon.
September 5, 2011Oil Slips, as Monthly Price Drops by Most Since May
Oil prices fell slightly Wednesday to near $89 a barrel, capping the biggest monthly decline since May, Bloomberg reported.
August 31, 2011Planned U.S.-Canada Oil Pipeline Gets Favorable Report
The U.S. State Department said in a report that the planned Keystone XL pipeline, which would transport crude oil from tar sands in Alberta, Canada, to oil refineries in Texas, is unlikely to have a significant impact on the environment, Associated Press reported.
August 30, 2011Oil Rises to Nearly $87 a Barrel
Oil rose to nearly $87 a barrel in early trading Monday, following a report that consumer spending increased more than forecast, Bloomberg reported.
August 29, 2011Diesel Gains a Penny to $3.82 a Gallon
Diesel’s national average pump price rose for the first time in five weeks, edging up 1 cent to $3.820 a gallon, while gasoline increased 4.6 cents to $3.627, the Department of Energy said.
August 30, 2011Interest in Natural Gas Truck Fuel Increases; Industry Observers Predict Rising Sales
Sales of natural-gas-powered trucks will grow faster than the rest of the North American market, hitting almost 30,000 units by 2017, consulting firm Frost & Sullivan said.
August 29, 2011