Federal fuel taxes should be boosted as much as 40 cents a gallon to finance highway, bridge and transit work, a panel created by Congress said Tuesday, Bloomberg reported.
January 15, 2008Search
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Drivers Reducing Miles from High Fuel Prices, Report Says
U.S. drivers are taking fewer highway trips, slowing down and bidding up the price of more fuel-efficient vehicles in response to a doubling of gasoline prices since 2003, according to a new government report, Bloomberg reported.
January 15, 2008Diesel Drops a Nickel to $3.326
The national average price of retail diesel fuel declined 5 cents to $3.326 a gallon, the Department of Energy said Monday.
January 15, 2008Diesel Rises Again; DOE Sees $3.40 Average Into Spring
Diesel fuel prices rose again last week, gaining 3.1 cents to $3.376 a gallon in the Department of Energy’s weekly average of filling stations. DOE said average gasoline prices increased 5.6 cents to $3.109.
January 14, 2008Panel to Back Fuel Tax Hike
The commission charged with examining the future of the national transportation system is set to recommend a significant increase in federal fuel taxes to Congress, according to wire service reports and other sources.
January 14, 2008Polar Air Cargo to Begin U.S.-Japan Flights
Polar Air Cargo Worldwide said Wednesday it will begin service to Japan, from Chicago, starting Feb. 21.
January 9, 2008UPS Expands International Express Service
UPS Inc. said Monday it is expanding an international air-freight service that guarantees delivery dates, as it leans more on global operations.
January 7, 2008Diesel to Average $3.40 Through March, DOE Says
Monthly diesel fuel average prices will be at least $3.40 a gallon for the first three months of 2008 before tailing off later in the year to near $3, the Department of Energy said Tuesday.
January 8, 2008Oil Prices Fall on Economic Concerns
Crude oil fell by almost $3 to near $95 a barrel Monday, on concerns a cooling economy will curb demand for oil and gasoline, Bloomberg reported.
January 7, 2008Diesel Average Increases 3.7¢; Crude Briefly Tops $100
The average price of diesel fuel rose 3.7 cents to $3.345 a gallon last week while the price of crude oil pushed past $100 a barrel for the first time, which analysts said would soon lead to higher fuel prices.
January 7, 2008