Three Oil Companies Settle in ‘Hot Fuel’ Suit
Three oil companies have agreed to settle lawsuits related to “hot fuel” — gasoline and diesel that is not adjusted by volume to account for temperature — the Kansas City Star reported.
April 9, 2012Gasoline Rises 4¢ to $3.97 a Gallon, Lundberg Says
Gasoline rose 4 cents in the past two weeks to $3.97 per gallon, according to the latest Lundberg Survey of filling stations released Sunday.
April 9, 2012Diesel Average Dips 0.5¢ for First Decline in 10 Weeks
Retail diesel prices dipped 0.5 cent last week to $4.142 a gallon, interrupting a price advance that had raised the price of trucking’s main fuel nearly 30 cents over the previous nine weeks, the Department of Energy reported.
April 9, 2012Oil Finishes Week Over $103 a Barrel
Oil rose almost $2 on Thursday to finish the trading week at $103.31 a barrel, following an earlier report that jobless claims fell to the lowest level in four years, Bloomberg reported.
April 6, 2012Oil Falls to Seven-Week Low $101.47 as Output, Supplies Surge
Oil fell more than $2.50 Wednesday to finish the trading day at a seven-week low $101.47 a barrel, following a report that crude inventories took their biggest jump in four years, Bloomberg reported.
April 4, 2012Quality Distribution Buys Energy Logistics Firm
Tank truck carrier Quality Distribution said late Monday that it has purchased Trojan Vacuum Services, a transportation provider for the oil and gas industry in the Eagle Ford shale region in Texas.
April 3, 2012Diesel Dips a Half-Cent to $4.142; Gasoline Rises Again
Diesel fell for the first time in 10 weeks, dipping half a cent to $4.142 a gallon, while gasoline rose for the 10th straight week, the Department of Energy said Monday.
April 3, 2012New CNG Station Opens in Oklahoma
Apache Corp., an oil and gas exploration and production company, has opened a public-access compressed natural gas fueling station in Tulsa, Okla.
April 3, 2012Oil Holds Near Six-Week Low $103 a Barrel
Oil rose slightly in early trading Monday but held near a six-week low just over $103 a barrel, Bloomberg reported.
April 2, 2012Truck, Engine Makers See Natural Gas as Practical Alternative to Diesel Fuel
LOUISVILLE, Ky.—Truck and engine manufacturers at the Mid-America Trucking Show here declared natural gas the victor in the industry’s search for a practical alternative fuel to diesel, saying they could have three different types of natural-gas engines by 2013 and a nationwide network of 100 fueling stations that offer it by 2014.
April 2, 2012