Despite a major hurricane on Texas’ Gulf Coast this weekend, diesel fuel’s national average price fell for the ninth straight week, dropping 3.6 cents to $4.023 a gallon, but gasoline’s average jumped 18.7 cents, the Department of Energy said Monday.
September 16, 2008Search
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EU Sets 10% Biofuels Requirement
The European Parliament’s energy committee voted to require that at least 10% of road transport fuel in 2020 come from renewable sources led by biofuels, while adding checks to prevent food shortages, Bloomberg reported.
September 15, 2008Cummins Plans to Invest $100 Million in Brazil
Cummins Inc., the maker of more than one third of North America’s heavy-duty truck engines, plans to invest another $100 million in Brazil during the next four years to meet higher demand in that country, Bloomberg reported.
September 15, 2008EPA Allows California to Require On-Board Diagnostics in 2010
In a sweeping decision with possible national implications, the Environmental Protection Agency has granted California a waiver that will allow state environmental regulators to implement stringent new heavy-duty vehicle and engine onboard diagnostics requirements for 2010 engines and beyond.
September 15, 2008Gulf Refineries Brace for Hurricane Ike’s Landfall Near Houston
Oil refineries on the Gulf Coast in Texas and Louisiana shut down operations Friday as Hurricane Ike prepared to come ashore overnight near Houston in what could be the biggest hurricane to hit Texas in 50 years, news services reported.
September 11, 2008Consumer Confidence Jumps on Lower Fuel Prices
U.S. consumer confidence this month rose by the most in four years in September, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index, released Friday.
September 5, 2008Business Inventories Rise More Than Forecast
Business inventories rose 1.1% in July, the Commerce Department said Friday.
September 12, 2008Producer Prices Drop 0.9% in August
Prices paid to U.S. producers fell 0.9% in August, the Labor Department said Friday.
September 12, 2008Retail Sales Fall 0.5% in August
Retail sales fell 0.5% in August, the Commerce Department said Friday.
September 12, 2008House Follows Senate in Approving $8 Billion for Highway Fund
A day after the Senate passed a bill to fund an $8 billion shortfall in the federal Highway Trust Fund, the House followed suit, voting 376-29 to approve a similar measure.
September 12, 2008