Three New Projects Promise to Lift Truck/Rail Oil Transport
Three new projects, featuring transloading between trucks and trains, are being developed to tap the growing demand to transport crude oil generated by recent energy development efforts, according to separate announcements.
December 19, 2011Diesel Drops to $3.894; Gas Price Down by 0.4¢
U.S. diesel prices slipped 3.7 cents to $3.894 a gallon last week, the third straight weekly drop, the Department of Energy reported.
December 19, 2011Oil Drops $5 to Below $95 a Barrel
Oil fell more than $5 on Wednesday — down from a $100-plus per-barrel closing price on Tuesday — after OPEC said it would lift its production ceiling and a government report showed gasoline and diesel inventories rose last week.
December 14, 2011Gasoline Price Update: Price Drops 0.4¢ to $3.286
The Department of Energy has altered its weekly gasoline price average to $3.286 a gallon, a 0.4-cent weekly decline, from a previously announced 1.6-cent decline.
December 14, 2011Diesel Drops 3.7¢ to $3.894 in Third Decline
Diesel’s national average pump price fell 3.7 cents to $3.894 a gallon, its third straight downturn, while gasoline also declined, the Department of Energy said.
December 14, 2011Oil Falls to Two-Week Low
Oil fell to near $98 a barrel in early trading Monday on the New York Mercantile Exchange, a two-week low, Bloomberg reported.
December 12, 2011Diesel Declines 3.3¢ to $3.931; U.S. Exports of Fuel Grow
U.S. diesel prices declined for a second straight week, while gasoline declined for a third consecutive week, according to the Department of Energy.
December 12, 2011U.S. Trade Deficit Narrows in October
The U.S. trade deficit narrowed by 1.6% in October, shrinking to its lowest level of the year, the Commerce Department said Friday.
December 9, 2011Diesel to Average $3.85 Into Next Year, DOE Says
Diesel will average $3.85 a gallon this year and in 2012, the Department of Energy said, boosting a previous price forecast.
December 8, 2011Oil Holds Over $100 a Barrel as Inventories Rise
Oil held over $100 a barrel for a sixth trading day Wednesday as inventories rose last week, Bloomberg reported.
December 7, 2011