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Diesel Soars 12.2 cents to Record High of $3.425

For the second straight week, the price of diesel fuel reached a new all-time record, jumping 12.2 cents to $3.425, the Department of Energy said Tuesday.

November 13, 2007

Editorial: Still Missing a National Fuel Policy

The fuel price spiral has resumed, sending diesel and crude oil costs to never-before-seen levels, even as the economy stumbles along and fleets grapple with declining freight levels in 10 of the past 12 months.

November 9, 2007

Oil Tops $98 a Barrel

Crude oil rose above $98 a barrel for the first time Wednesday as the dollar slid to a record low and analysts forecast U.S. stockpiles declined for a third week, Bloomberg reported.

November 7, 2007

Diesel Soars 14.6¢ to Record $3.303; Gas Jumps Over $3

Diesel fuel jumped to a new all-time high Monday, rising 14.6 cents over last week’s record to $3.303 a gallon, the Department of Energy said.

November 6, 2007

Diesel, Crude Oil Hit New Records

Retail diesel prices continued to climb last week, with the national average jumping 6.3 cents to $3.157 a gallon, matching the record set two years ago, according to the Department of Energy.

November 5, 2007

Fleets to Face Engine Dilemma as Some Makers Avoid SCR

The decision by two major engine manufacturers, Cummins Inc. and Navistar International, to build 2010 heavy-duty diesel engines without selective catalytic reduction technology has upset truck sales forecasts for the 2009 and 2010 truck markets.

November 5, 2007

Oil Closes Week at Record $95.93 a Barrel

Crude oil futures jumped more than $2 Friday to a record $95.93 per-barrel closing price on the New York Mercantile Exchange, Bloomberg reported.

November 2, 2007

OPEC Says Oil Will Not Reach $100 Soon

OPEC said current record crude oil prices do not reflect the group’s objectives and that oil is not likely to reach $100 a barrel soon, Bloomberg reported Tuesday.

October 30, 2007

Kitty Hawk Ceases Operations; Lays Off 500 Workers

Air cargo transporter Kitty Hawk Inc. said it and its subsidiaries will immediately cease all scheduled network air and ground operations, though will continue to operate air cargo charter operations.

October 30, 2007