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Senate Panel Gives EPA October Deadline to Rule on Calif. Carbon Emissions Request

Just weeks after Environmental Protection Agency Administrator Stephen Johnson said he would delay ruling on California’s nearly 2-year-old request for approval to limit vehicle emissions of greenhouse gases until the end of the year, a Senate committee passed a bill directing him to decide by October.

August 7, 2007

Oil Closes at Record $78.21 a Barrel

Crude oil futures closed at a record $78.21 a barrel Tuesday, breaking the previous closing-price record of $77.03 set last summer, the Associated Press reported.

August 1, 2007

Diesel Dips 0.3¢ to $2.886; Gasoline Tumbles Again

Diesel fuel’s national average pump price dipped 0.3 cent to $2.886 a gallon, while gasoline continued its downward trend, falling 8.2 cents to $2.876, the Energy Department said Monday.

July 31, 2007

Volvo’s Second-Quarter Earnings Plunge

Truck maker Volvo AB posted its biggest profit decline in 18 months after stricter emissions rules caused U.S. truck sales to plunge 54%, Bloomberg reported Wednesday.

July 25, 2007

Paccar’s 2Q Income Dips on Lower Sales

Heavy-duty truck maker Paccar Inc. said Tuesday its second-quarter profit fell 19% as North American heavy-duty truck demand declined due to new U.S. clean air regulations.

July 24, 2007

Forward Air’s Income Dips; Plans to Buy Indiana Carrier

Forward Air Corp., a contractor to the air cargo industry, reported its second-quarter profit declined, and the company said it would acquire an Indiana carrier.

July 24, 2007

Diesel Holds at $2.889; Gas Drops 9.1¢ to $2.958

Diesel fuel’s national average pump price held at last week’s level of $2.889 a gallon, while gasoline plunged 9.1 cents to $2.958, the Department of Energy said Monday.

July 24, 2007

Diesel Price Rises 4¢ to $2.889

The average U.S. retail price for diesel fuel reached its highest level since September last week after rising 4 cents to $2.889 a gallon, the Department of Energy reported.

July 23, 2007