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Oil Falls Below $69 Following DOE Report

Oil fell more than $1 to below $69 a barrel Wednesday following a Department of Energy report that showed retail fuel supplies rose last week, Bloomberg reported.

June 24, 2009

Maersk to Offer U.S. Chassis Pool

Maersk Line said it will offer its container chassis to drayage firms, ocean carriers, marine terminals and railroads for use throughout the country, a move company officials said will reduce delays for truck drivers and decrease fuel consumption and carbon emissions.

June 22, 2009

Clean Energy to Issue Common Stock

Clean Energy Fuels Corp., which operates natural gas fueling stations throughout the United States and Canada, said it plans to issue 6 million shares of its common stock.

June 22, 2009

ATA Seeks Commodities Markets Transparency

American Trucking Associations Monday called on Congress to increase the transparency of commodities futures markets and impose reasonable aggregate position limits on energy commodities, in an effort to stem the price spikes and record high prices of last summer.

June 22, 2009

Senate Panel Approves Renewable Energy Bill

The Senate Energy and Natural Resources Committee has approved legislation that would open more of the eastern Gulf of Mexico to oil and gas drilling, Bloomberg reported.

June 22, 2009

Diesel Rises 4.4瞽 to $2.616 a Gallon

Diesel fuels national average price rose for the seventh straight week, gaining 4.4 cents to $2.616 a gallon, the Energy Department said.

June 23, 2009

Fuel Prices vs. Speculators

The use of diesel fuel has fallen sharply as freight levels have nose-dived during the global recession. The home-heating oil season has ended, so there is no competition for the distillate both heating oil and diesel are made from.

June 22, 2009

SCR Engine Makers Deny Navistar Claims

Several truck and engine manufacturers who plan to use selective catalytic reduction technology to meet 2010 emission standards have denied allegations by Navistar Inc. and have asked a federal appeals court to give them standing to argue against Navistars lawsuit against the U.S. Environmental Protection Agency.

June 22, 2009

Diesel Rises for 6th Week

The average price paid for retail diesel jumped another 7.4 cents last week to $2.572 a gallon, marking the sixth straight week of increases in the price of truckings main fuel for a total rise of 38.7 cents, the Department of Energy reported.

June 22, 2009