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Crude Oil Price Rises, Topping $55 a Barrel

Crude oil prices surged more than $2 a barrel Tuesday after Energy Secretary Samuel Bodman said President Bush plans to double the size of the U.S. Strategic Petroleum Reserve by 2027, Bloomberg reported.

January 23, 2007

Oil Dips Below $50 a Barrel for First Time Since May 2005

Crude oil prices plunged to below $50 a barrel Thursday following a Department of Energy report that showed stronger inventories of crude oil, gasoline and distillates, which include diesel.

January 18, 2007

Diesel Price Continues to Fall, Dropping 7.4 Cents to $2.463

The average national retail price of diesel fuel fell 7.4 cents to $2.463 a gallon, the Department of Energy reported Tuesday.

January 17, 2007

Stricter Emission Rules Require New Oils, Lubricants

A major challenge facing the trucking industry as it copes with tighter emission standards from the Environmental Protection Agency is choosing the right type of oil to ensure that engines continue to perform to their maximum capability.

January 16, 2007

Schwarzenegger Orders Calif. to Further Cut Fuel Emissions

California Gov. Arnold Schwarzenegger (R) plans to ask state regulators to require the state’s petroleum refiners and gasoline sellers to cut greenhouse-gas emissions by 10%, the New York Times reported Wednesday.

January 10, 2007

Crude Oil Closes at 19-Month Low, at $54.02 a Barrel

Crude oil futures hit a 19-month low price, closing at $54.02 a barrel on the New York Mercantile Exchange Wednesday following a Department of Energy report showing strong heating-oil inventories, Bloomberg reported.

January 10, 2007

Diesel Average Price Drops 4.3 Cents to $2.537 a Gallon

The average retail price of diesel fuel dropped 4.3 cents to $2.537 a gallon, the Department of Energy reported Monday.

January 9, 2007

Crude Oil Closes Higher but Falls Almost $5 for Week

Crude oil prices tracked upward 76 cents Friday to close at $56.35 a barrel, Bloomberg reported, and the price tumbled almost $5 for the week and hit a one-year low closing price on Thursday.

January 5, 2007

November Air Cargo Shipments Jump 2.9%

November air cargo shipments jumped 2.9% compared with the same month a year ago, the Air Transport Association said Thursday.

January 4, 2007