Infrastructure and trade loom large for trucking in the year ahead as freight carriers adjust to a slower, but still positive, rate of economic growth in 2019, according to industry experts interviewed by Transport Topics.
January 4, 2019Search
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2019 Gas Prices Predicted to Be Volatile, but Lower Overall
The projected $2.70 a gallon pump price for 2019 is 3 cents lower than 2018 levels, although this year’s high could reach $3 as soon as May and top $4 in some cities, according to GasBuddy’s Price Fuel Outlook. The lower prices have not escaped Trump’s attention, who equated them to a tax cut in a tweet Jan. 1.
January 2, 2019Average Price of Diesel Drops 2.9¢ to $3.048 a Gallon
The U.S. average retail price of diesel dropped 2.9 cents to $3.048 a gallon, the U.S. Energy Information Administration reported, as crude oil prices hovered around $45 per barrel.
January 2, 2019Amid an Export Boom, the US Is Still Importing Natural Gas
The U.S. may be exporting natural gas at a record clip, but that hasn’t stopped it from accepting new imports. A tanker with fuel from Nigeria is sitting near the Cove Point import terminal in Maryland, while a second ship with Russian gas is idling outside Boston Harbor.
December 28, 2018Average Price of Diesel Drops 4.4¢ to $3.077 a Gallon
The U.S. average retail price of diesel dropped 4.4 cents to $3.077 a gallon, the U.S. Energy Information Administration reported, as crude oil prices lingered below $50 per barrel.
December 27, 2018Report: US Miscalculated Benefit of Better Train Brakes
BILLINGS, Mont. — President Donald Trump’s administration miscalculated the potential benefits of putting better brakes on trains that haul explosive fuels when it scrapped an Obama-era rule over cost concerns, The Associated Press has found. A government analysis used to justify the cancellation omitted up to $117 million in estimated future damages from train derailments that could be avoided by using electronic brakes.
December 27, 2018US Shale’s Blows Leave Middle East Oil Sellers Staggering
The U.S. oil industry is delivering a one-two punch to Middle East producers already reeling from a collapse in prices. A tussle is playing out in the market for so-called light oils, which have a lower sulfur content and are less dense than heavier varieties.
December 27, 2018China Inks Deals With Shell, Majors as Xi Signals Open Trade
China signaled its openness for business with a raft of deals that’ll give oil majors, including Royal Dutch Shell Plc, new opportunities to develop fields in partnership with the nation’s biggest offshore explorer.
December 18, 2018Oil Gains Near $52 as OPEC Cuts Weighed Against US Supply Rise
Oil was boosted to near $52 a barrel by a weak U.S. dollar while investors weighed if OPEC and its allies can successfully re-balance the market.
December 17, 2018Lawmakers Pitch Infrastructure Proposals Before Next Congress
Sensing the impetus for considering a long-term infrastructure funding bill when the new Congress convenes in less than a month, key House and Senate policymakers have started to outline proposals for what would be a massive piece of legislation.
December 13, 2018