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Deficit Panel Leaders Propose Increase of Federal Fuel Tax by 15 Cents

The co-chairmen of a bipartisan presidential commission created to find ways to reduce the federal deficit last week called for gradually raising the federal fuel tax by 15 cents a gallon, beginning in 2013.

November 15, 2010

Diesel Rises 4.9¢ to $3.116 a Gallon

The U.S. retail diesel price average rose 4.9 cents to $3.116 last week, leaving trucking’s main fuel about a penny below its high point for the year, the Department of Energy said.

November 15, 2010

U.S. Trade Deficit Narrows in September

The U.S. trade deficit narrowed 5.3% in September as a lower dollar boosted exports, the Commerce Department said.

November 10, 2010

Clean Energy Trims Third-Quarter Loss

Clean Energy Fuels Corp., which provides fuel for natural gas-powered vehicles, said Tuesday its third-quarter loss was smaller than a year ago, as revenue jumped 46%.

November 9, 2010

Diesel To Average $3.19 Next Year, DOE Says

Diesel will continue to rise into next year, averaging $3.19 at the pump in 2011, the Department of Energy said.

November 9, 2010

Oil Hits Two-Year High Near $87 a Barrel

Oil prices are at a two-year high near $87 a barrel after jumping more than $5 last week, Bloomberg reported.

November 8, 2010

Diesel Rises 4.9¢ to $3.116 a Gallon

Diesel resumed its recent upward track following a pause last week, rising 4.9 cents to $3.116 a gallon, the highest nationwide pump average in six months, the Department of Energy said.

November 9, 2010

Diesel Price Remains Unchanged at $3.067

The U.S. retail diesel average remained at $3.067 a gallon last week, leaving the price virtually unchanged for three weeks, the Department of Energy reported.

November 8, 2010

Diesel Holds at $3.067 a Gallon

Diesel’s pump price held at $3.067 a gallon, the fifth straight week it has been at least $3 a gallon, while gasoline dipped just over a penny, the Department of Energy said Monday.

November 2, 2010

Diesel Average Slips 0.6¢ to $3.067

The average retail price of both diesel and gasoline dipped last week for the first time in a month, the Department of Energy reported.

November 1, 2010