Oil Finishes Week Over $85 a Barrel
Oil fell 34 cents Friday, finishing the New York Mercantile Exchange trading week at $85.38 a barrel, Bloomberg reported.
August 12, 2011Trade Deficit Expands to $53.1 Billion
The U.S. trade deficit rose 4.4% in June to $53.1 billion as exports fell by the most in two-and-a-half years, the Commerce Department said Thursday.
August 11, 2011Obama Announces Heavy-Duty Truck Fuel Economy Standards
President Obama on Tuesday announced the first-ever regulations setting heavy-duty truck fuel efficiency standards, intended to reduce fuel consumption and greenhouse gas emissions from heavy trucks by as much as 23%.
August 9, 2011DOE Lowers Diesel Price Forecast 3¢ to $3.83 a Gallon
The Department of Energy Tuesday lowered its diesel fuel price forecast for this year by 3 cents, to $3.83 a gallon.
August 9, 2011Diesel Falls 4¢ to $3.897 in Second Decline; Gasoline Drops for First Time in Six Weeks
Diesel declined for a second straight week, dropping 4 cents to $3.897 a gallon, while gasoline slipped for the first time in six weeks, the Department of Energy said Monday.
August 9, 2011Clean Energy Reports 2Q Loss; Revenue Rises 57%
Clean Energy Fuels Corp., which provides natural gas fueling for the trucking industry, reported a loss for its second quarter but said revenue rose.
August 9, 2011Exxon, Shell Post Higher 2Q Profits
The world’s two largest oil companies reported multi-billion-dollar second-quarter profits, up from a year ago, on higher crude oil prices.
August 8, 2011Oil Falls to Near $83 a Barrel
Oil fell to an almost eight-month low near $83 a barrel in early trading Monday, following Friday’s downgrade of a U.S. credit rating, Bloomberg reported.
August 8, 2011Threat to End Federal Fuel Taxes Concerns Transportation Officials
Faced with the expiration in September of federal transportation taxes on gasoline and diesel fuel, highway advocates say they are increasingly worried that the anti-tax, anti-government rancor that characterized the debt ceiling battle could endanger the nation’s transportation system.
August 8, 2011Diesel Price Dips 1.2¢ to $3.937; Crude Oil Plunges Below $87 a Barrel
The national average price of retail diesel dipped 1.2 cents a gallon to $3.937 last week, the fifth time in nine weeks it has declined, the Department of Energy reported.
August 8, 2011