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EPA Seeks More Biodiesel Use by Nation’s Truck Fleet in 2011

The Environmental Protection Agency announced last week it wants the U.S. trucking industry to increase its use of biodiesel to 800 million gallons in 2011 from 650 million gallons this year.

July 19, 2010

Oil Slips as Diesel, Gasoline Inventories Improve

Oil prices fell below $77 a barrel Wednesday following a Department of Energy report that showed diesel and gasoline inventories improved last week even though oil stockpiles declined, Bloomberg reported.

July 14, 2010

Trade Deficit Hits 18-Month High

The U.S. trade deficit widened 4.8% in May to the highest level in a year and a half, the Commerce Department said Tuesday.

July 13, 2010

Massachusetts Backs Off 2% Biodiesel Mandate

Massachusetts has indefinitely suspended a 2% biodiesel mandate for fuel and heating oil that was to take effect this month, saying that without the federal tax credit for the producers, the cost of biodiesel would be too high for consumers.

July 13, 2010

Diesel Drops 3.2¢ to $2.924 a Gallon

The U.S. retail diesel average dipped 3.2 cents to $2.924 last week, the seventh decline in eight weeks, the Department of Energy reported.

July 12, 2010

Gas Prices Fall 3.9¢ to $2.73 a Gallon, Lundberg Says

Gasoline’s national average price fell 3.9 cents in the past two weeks to $2.73 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.

July 12, 2010

EPA Proposes Renewable Fuel Standard Volumes for 2011

The Environmental Protection Agency has released the proposed 2011 percentage standards for its Renewable Fuel Standard.

July 12, 2010

Diesel Falls for Third Week, Dropping 2.1¢ to $2.903 a Gallon

Diesel fell another 2.1 cents to $2.903 a gallon, its third straight downturn and eighth decline in nine weeks, the Energy Department said.

July 13, 2010

Oil Ends Week Over $76, Led by Higher Diesel Demand

Oil finished the trading day Friday over $76 a barrel, gaining about $4 in the past week led by high diesel demand, Bloomberg reported.

July 9, 2010