Business

The average retail price of U.S. diesel fuel dropped for the 10th consecutive week, the Department of Energy reported, but the gap between diesel and gasoline price reached the widest spread since the agency began publishing diesel prices in 1994.

U.S. consumer confidence improved this month after last month's 28-year low, according to the Reuters/University of Michigan’s preliminary monthly consumer sentiment index, released Friday.

The Department of Transportation said highway deaths fell 10% for the first 10 months of 2008 and said it expects fatalities to be at an all-time low when the full year totals are calculated.

Business inventories fell 0.6% in October, the largest decline in five years, the Commerce Department said Friday.

Retail sales fell 1.8% in November, the fifth consecutive month of decline, led by a continued drop in automobile and gasoline sales, the Commerce Department said Friday.

California regulators are considering a first-in-the-nation plan that would require almost all privately owned heavy-duty trucks in the state to install particulate filters to reduce soot emissions by 85%, the San Jose Mercury News reported Thursday.

President-elect Barack Obama has chosen the Nobel-prize-winning head of a California research institute and a former New Jersey environmental official to fill his cabinet positions heading the Department of Energy and the Environmental Protection Agency, Bloomberg reported Thursday.

Diesel engine maker Cummins Inc. lowered its 2008 sales and profit forecast, due to “significant declines” in demand.

Wabash National Corp. said it will lay off 800 employees at its Lafayette, Ind., factory following a two-week holiday shutdown ending Jan. 5.