Oil Falls to Five-Year Low $65.84 a Barrel
Oil fell almost $1 to a five-year low $65.84 a barrel Dec. 5, as Saudi Arabia offered its oil customers in Asia the biggest discount on record, signaling it will defend its market share.
December 5, 2014Trade Gap Little Changed as Imports, Exports Increase
The trade deficit was little changed in October as an improving U.S. economy caused imports to climb to a record while exports also rose.
December 5, 2014Natural Gas Proponents Outline Challenges for Senate
Trucking and natural-gas industry witnesses told a Senate panel Dec. 3 that Congress could spur the use of the alternative fuel in the transportation sector by changing the tax code, subsidizing a fueling network and addressing existing weight restrictions on highways.
December 3, 2014First US Gas Station Drops Below $2 a Gallon
$2 gasoline is back in the U.S.
December 3, 2014Rep. Petri Supports Bill That Would Raise Fuel Taxes
Tom Petri (R-Wis.), the outgoing chairman of the subcommittee on highways, said he will become a co-sponsor of a bill that would increase federal fuel taxes to support the nation’s transportation system.
December 2, 2014Diesel Falls 2.3¢ After Plunge in Crude Oil Prices
Diesel’s national average pump price declined 2.3 cents to $3.605 a gallon, the Department of Energy reported Dec. 1, after last week’s plunge in oil prices to a five-year low.
December 2, 2014Fleets Deploy Fuel-Saving Technologies Designed to Curb Wasted Miles, Time
Maximizing fuel economy requires a lot more than a light touch on the accelerator pedal; it demands scrutiny of every mile and every moment that a truck is on the road. And factory-installed technologies and those installed on trucks from the aftermarket can help fleets do just that, executives and managers said.
December 1, 2014Natural-Gas Industry Lobbies Congress to End Tax Disparity Between LNG, Diesel
Advocates of natural gas are pressing Congress to pass legislation in the lame-duck session that would end the disparity between the federal fuel tax on liquefied natural gas and diesel fuel.
December 1, 2014Diesel Average Falls 3.3¢ to $3.628
The U.S. retail diesel average fell 3.3 cents to $3.628 a gallon last week as the Midwest continued to recover from a brief price spike in November, the Department of Energy reported.
December 1, 2014Diesel Drops 3.3¢ to $3.628; Gas Plunges 7.3¢ to Four-Year Low
Diesel fell 3.3 cents to $3.628 a gallon, a half-cent above the 3½ year low level of three weeks ago, the Department of Energy reported Nov. 24.
November 24, 2014