Middle East Unrest and Fuel Prices
Just as the U.S. economy seems to be growing some serious muscle, international events are threatening to intervene in what has become a period of steady business improvement.
February 28, 2011Diesel Price Rises 3.9¢ to $3.573 a Gallon
U.S. retail diesel prices continued to climb last week, rising 3.9 cents a gallon to $3.573, the Department of Energy reported, as crude oil topped $100 a barrel for the first time since October 2008.
February 28, 2011Oil Hits $100 a Barrel
Crude oil hit $100 per barrel Wednesday in trading on the New York Mercantile Exchange, Bloomberg reported.
February 23, 2011Diesel Rises 3.9¢ to $3.573 a Gallon
Diesel increased in price for the 12th straight week, gaining 3.9 cents to $3.573 a gallon, the Department of Energy said.
February 23, 2011DeFazio Proposes Limiting Detention Time
Rep. Peter DeFazio (D-Ore.) has introduced a bill that would require the Department of Transportation to study and establish a maximum number of hours that drivers may be detained at loading docks without being compensated.
February 22, 2011Canada Pushes Ahead With Biodiesel Plan Regardless of Trucking Industry Concerns
The Canadian government announced it is pushing forward with its plan for a national 2% biodiesel mandate, setting July as its implementation date despite truckers’ concerns.
February 21, 2011Budget Proposal Would Cut EPA Grants for Emissions Reductions, Other Programs
President Obama’s proposed 2012 budget for the Environmental Protection Agency would eliminate diesel emissions-reduction grants and shrink other agency programs. But EPA Administrator Lisa Jackson last week vowed to forge full-speed ahead with the agency’s greenhouse gas emissions reduction program, including the agency’s proposed truck fuel-efficiency rule.
February 21, 2011Diesel Jumps 2.1¢ to $3.534 for 11th Straight Increase
The U.S. diesel average rose for the 11th straight week, this time by 2.1 cents a gallon, to $3.534, the Department of Energy said, making for an 11.8% increase since the end of November.
February 21, 2011Oil Finishes Week Over $86 a Barrel
Oil fell slightly Friday but finished the trading week over $86 a barrel to the New York Mercantile Exchange, Bloomberg reported.
February 18, 2011EPA Budget Would Cut Clean Diesel Funding
The Obama administration’s proposed budget would cut funding for clean-diesel technology grants, Bloomberg reported.
February 15, 2011