Oil Closes Below $82 Following Strong Supply Report
Oil fell to finish the trading day below $82 a barrel Wednesday for the first time since early October following a Department of Energy report that showed supplies near a 22-year high, Bloomberg reported.
June 20, 2012Diesel Drops 5.2¢ to $3.729 a Gallon; Gasoline Falls Again
Diesel fell for a 10th straight week, dropping 5.2 cents to $3.729 a gallon, an eight-month low, while gasoline also continued to fall, Department of Energy said.
June 19, 2012GE Capital Opens Alt-Fuels Research Site
GE Capital Fleet Services said it has opened its Vehicle Innovation Center in Minnesota to give customers, industry groups and researchers experience with alternative-fuel vehicles.
June 18, 2012Diesel Drops 6.5¢, Most Since December
Retail diesel prices dropped for the ninth week in a row, and analysts said they could fall even more as the national average declined 6.5 cents to $3.781 a gallon last week, the Energy Department reported.
June 18, 2012Diesel Drops 6.5¢ to $3.781 in Ninth Decline
Diesel fell for the ninth straight week, falling 6.5 cents to $3.781 a gallon, while gasoline also continued its slide, the Department of Energy said.
June 11, 2012Oil Rises Above $85 a Barrel
Oil rose in early trading Monday, topping $85 a barrel following Spain’s request for a bailout to support its banks, Bloomberg reported.
June 11, 2012Caterpillar, Westport Innovations Team Up to Develop Natural Gas Truck Technology
Westport Innovations Inc. and Caterpillar Inc. last week announced plans to collaborate on the development of natural gas technology for mining and off-road trucks as well as for freight locomotives, marking the latest trend in the spread of natural gas as an alternative fuel source.
June 11, 2012Diesel Dips 5.1¢ to $3.846, After Eighth Straight Decline
U.S. retail diesel prices declined for the eighth straight week as trucking’s main fuel fell 5.1 cents more to a national average of $3.846 a gallon, according to the Department of Energy.
June 11, 2012U.S. Trade Deficit Narrows in April
The U.S. trade deficit shrank by 4.9% in April as a drop in imports more than offset the first exports decline in five months, the Commerce Department said Friday.
June 8, 2012Shell Sets Plan for LNG Fueling at TA Truck Stops
Shell Oil Co. said Thursday it has signed a memorandum of understanding with TravelCenters of America LLC to provide liquefied natural gas for heavy-duty trucks at TA travel plazas.
June 7, 2012