House Passes Diesel Emissions Reduction Act
The House of Representatives passed a bill Tuesday that would extend a program of grants and loans to reduce diesel emissions.
December 22, 2010Diesel Rises Again, Gaining 1.7¢ to Two-Year High $3.248 a Gallon
Diesel rose 1.7 cents to a national average of $3.248 a gallon at the pump — the fourth time it has hit a two-year high in the past six weeks, the Department of Energy said.
December 21, 2010Obama Signs Biodiesel Tax Credit Measure Into Law
President Obama has signed into law a measure that reinstates a biodiesel tax credit of $1 per gallon.
December 20, 2010Surveys See Lagging Freight Demand, Capacity Constraints Persisting in 2011
Recent surveys of carriers and shippers are signaling that slower freight demand growth and continued capacity constraints will be common phrases within the trucking industry during 2011.
December 20, 2010Rising Crude Price Pushes Diesel, Gas to Highest Levels in 2 Years
U.S. retail motor fuel prices continued to climb last week as both diesel and gasoline reached two-year highs, the Department of Energy said.
December 20, 2010Diesel Rises 3.4¢ to $3.231 in Latest Two-Year High
Diesel rose to its latest two-year high — the third time it has done so in the past month — rising 3.4 cents to $3.231 a gallon, the Department of Energy said.
December 14, 2010Diesel Premium to Remain in 2011, Analysts Predict
U.S. retail diesel has sold at a premium over gasoline throughout 2010, and petroleum market watchers said global competition for the trucking industry’s main fuel likely means that will not change any time soon.
December 13, 2010Oil Trading Near $90 a Barrel on High Demand
Oil traded near a two-year high close to $90 early Monday as a report showed continued high demand in China, Bloomberg reported.
December 13, 2010The Return of the Oil Speculators
There are worrisome signs that commodities speculators are returning to the nation’s fuel markets, pushing prices higher than the normal forces of supply and demand would warrant.
December 13, 2010Biodiesel Producers Can Meet Mandate Despite Lack of Tax Credit, Experts Say
U.S. biomass-based diesel producers have the capacity to meet an 800 million-gallon federal mandate in 2011, despite a marked decline in biodiesel production over the past year and a failure by Congress so far to reinstate a $1 per gallon biodiesel tax credit, according to the U.S. Environmental Protection Agency and industry experts.
December 13, 2010