Peak Gasoline Demand Looms With Engine Efficiency Gains
Demand for gasoline in the United States, which accounts for one-tenth of global oil consumption, is expected to peak next year as engines become more efficient, WoodMackenzie analysts said.
March 3, 2017Trump to Shift Biofuel Blending Burden Off US Refiners: Sources
President Trump intends to revamp the national biofuels program to ease regulations on oil refiners while providing new incentives for ethanol and biodiesel production, people familiar with the plan told Reuters on Feb. 28.
February 28, 2017Diesel Rises 0.5¢ to $2.577
The U.S. average retail price of diesel rose 0.5 cent to $2.577 a gallon, diesel’s third increase after four consecutive weekly declines, the Department of Energy reported Feb. 27.
February 27, 2017ATA Voices Support for New NACV Show
American Trucking Associations will be a supporter of the new North American Commercial Vehicle Show that debuts in Atlanta on Sept. 25-29.
February 27, 2017Diesel Inches Up 0.7¢ to $2.572 a Gallon
The U.S. average retail price of diesel rose 0.7 cent to $2.572 a gallon as the stronger bite of OPEC production cuts lifted the price of crude to nearly $54 a barrel, analysts said.
February 21, 2017Crude Oil Could Plunge to as Low as $30 a Barrel
Crude prices could plunge toward $30 a barrel — a rout of about 40% from current levels — unless OPEC extends production cuts that are propping up the market, ABN Amro Bank NV said.
February 21, 2017XPO’s Jacobs Sees E-Commerce as Key to Robust Growth in 2017
KEY BISCAYNE, Fla. — XPO Logistics Inc. CEO Brad Jacobs won’t rest on turning a profit with a company that lost money as recently as 2015, telling Transport Topics that he’ll “double down” on growing on the e-commerce wave through contract logistics, less-than-truckload and last-mile delivery services.
February 20, 2017Shale Drilling on a Roll as OPEC Cuts Keep Oil Above $50
Shale wildcatters pushed ahead on the biggest surge in U.S. oil drilling since 2012 as explorers take advantage of prices above $50 for more than two months.
February 17, 2017Underinvestment in Freight Infrastructure Will Hurt Economy, Schneider CEO Says
WASHINGTON — The country's freight transportation network must be modernized and expanded to handle the projected increase in freight volume, Schneider International Inc.'s top executive told a Senate panel Feb. 15.
February 15, 2017Red States Alaska, Oklahoma Seriously Mulling Fuel-Tax Hikes
Oklahoma and Alaska are about as red as states can be. Oklahoma has only elected Republicans to the Senate going back to 1994. Republican Don Young has been Alaska’s only congressman since 1973. However, both states are considering raising fuel-tax rates for the first time since the 1980s.
February 14, 2017