Kentucky Gov. Matt Bevin Cuts Transportation Budget
Gov. Matt Bevin’s first move on transportation in Kentucky was to slash $112.5 million from the state budget in that area because of a revenue shortfall blamed on less money coming in from fuel taxes.
January 6, 2016Oil Drops to 11-Year Low Despite Tension Between Saudi Arabia, Iran
Oil prices dropped over 2% toward its 11-year low Jan. 5 as traders shrugged off growing tension between two of the world's biggest oil producers and focused on a stronger U.S. dollar and swelling U.S. crude inventories.
January 6, 2016Diesel Falls Again, Down 2.4¢ to $2.211
The U.S. average retail diesel price fell for the eighth consecutive week, down 2.4 cents a gallon to $2.211, the Department of Energy reported Jan.4.
January 4, 2016Washington Moves Cause Biodiesel Prices to Jump 10%
Spot biodiesel prices have jumped at least 10% because of moves in Washington since Nov. 30, when the Obama administration increased consumption targets for the fuel. About three weeks later, Congress reinstated a $1-a-gallon tax credit for blending it.
January 4, 2016Interactive Graphic: 2015 Week-By-Week Diesel Price
The national average price of diesel fell from $3.137 after the first week of 2015 to $2.235 after the final week. See everything in-between in this interactive graphic.
January 1, 2016Diesel Falls 4.9¢ to $2.235, Gas Rises Eight-Tenths to $2.034
The U.S. average retail diesel price fell for the seventh consecutive week and to the lowest point this year, down 4.9 cents a gallon to $2.235, the Department of Energy reported Dec. 28.
December 29, 2015Missouri Senate Transportation Chairman Hopeful About Fuel-Tax Hike
Missouri’s 17-cent tax for both gas and diesel is among the lowest of any state and barely half of the nationwide average.
December 22, 2015Diesel Drops 5.4¢ to $2.284; Gasoline Falls to $2.026
The U.S. average retail diesel price fell for the sixth consecutive week and to the lowest point this year, down 5.4 cents a gallon to $2.284, the Department of Energy reported Dec. 21.
December 21, 2015Gasoline Falls Below $2 a Gallon for First Time in 6 Years
Just as Americans start to hit the road for the holidays, the average price of gasoline at the pump has dropped below $2 a gallon for the first time in more than six years as global oil supply continues to surge.
December 21, 2015Diesel Average Slides 4.1¢ to $2.338 in Fifth Straight Weekly Decline
The U.S. retail diesel average fell 4.1 cents a gallon to $2.338, the fifth consecutive decline, leaving diesel at its lowest in nearly 6½ years, the Department of Energy reported.
December 21, 2015