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Oil Dips Below $80 a Barrel

Crude oil futures fell for a third day as production in the Gulf of Mexico increased following a storm threat, Bloomberg reported Tuesday.

September 25, 2007

Diesel Jumps 6.8¢ to $3.032

Diesel fuel jumped past the $3 mark Monday, gaining 6.8 cents to $3.032 a gallon, the Energy Department said following its weekly retail price survey.

September 25, 2007

European Heavy-Duty Truck Sales Booming

Sharply contrasting with the U.S. drop, sales of heavy-duty trucks are booming in Europe as many fleets buy new models early to reap government incentives to adopt new emission technology before it becomes mandated.

September 24, 2007

Crude Tops $83 in Latest Record

Crude oil hit a new closing record Thursday, its sixth in seven trading days, as a tropical depression formed in the Gulf of Mexico that was on track to make landfall near New Orleans, Bloomberg reported.

September 21, 2007

FedEx Reports Higher Earnings; Cuts Forecast

FedEx Corp. Thursday reported a higher first-quarter profit from a year ago, but cut its full-year forecast by 4% due to overall economic volatility and high energy costs.

September 20, 2007

Oil Rises Past $82 a Barrel

Crude oil futures continue to soar Wednesday, reaching a record $82.51 a barrel in early trading following a Department of Energy report that showed larger-than-expected inventory declines, Bloomberg reported.

September 19, 2007

Crude Hits Another Record; Tops $81 Overnight

Crude oil futures hit another record Monday, closing at $80.57 a barrel, and the overnight trading price into Tuesday topped $81 for the first time as prices continued to climb, Bloomberg reported.

September 18, 2007

Diesel Price Gains 3.1¢ to $2.924

The national average price of diesel fuel hit its highest level in more than a year last week following a 3.1-cent increase to $2.924 a gallon, while crude oil closed at more than $80 a barrel for the first time.

September 17, 2007

Fleet Directors Minimize Tires’ Cost

Tire wear and tear is inevitable, but carriers can minimize its effects by choosing high-quality materials and being rigorous about maintenance and checking correct air pressures, several fleet maintenance chiefs and tire manufacturers say.

September 17, 2007