Obama Sets Truck Fuel-Efficiency Standards
President Obama last week set heavy-truck fuel-economy standards for the first time, unveiling regulations that mandate a 20% cut in fuel use and address the complicated broad universe of vehicle sizes and applications in a plan that both operators and manufacturers applauded.
August 15, 2011Diesel Average Slips 4¢ to $3.897 a Gallon
The average price of a gallon of U.S. diesel slid 4 cents to $3.897 last week, the Department of Energy reported, while crude oil declined along with equity markets.
August 15, 2011Oil 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, 2011