Fuel Jumps 14.6¢ to $2.498
Still smarting from record fuel costs last year and fighting to survive a global recession, the trucking industry is wincing over a five-week run-up in diesel prices, capped by a 14.6-cent jump last week.
June 15, 2009DOE Boosts Diesel, Gas Price Projections
Diesel fuel will average $2.40 a gallon this year and $2.67 next year, lower than last year’s record high level but up sharply from a previous estimate, the Department of Energy said.
June 9, 2009Diesel Jumps 14.6¢ to $2.498 in Fifth Straight Gain
The national average price of diesel fuel jumped 14.6 cents to $2.498 a gallon, its fifth straight gain and the biggest single-week jump in more than a year, the Department of Energy said.
June 9, 2009Ongoing Fuel Price Increases
Retail diesel prices in the United States hit their highest mark since December, as increasing crude oil costs work deeper into the fuel supply.
June 8, 2009GAO Urges Speedier GPS System Upgrade
The accuracy of the Global Positioning System could be compromised as early as next year if the U.S. Air Force cannot meet an ambitious schedule for space and ground infrastructure deployment, according to a new report from the Government Accountability Office.
June 8, 2009Navistar Challenges EPA
Truck and engine manufacturer Navistar Inc. has challenged the Environmental Protection Agency’s authority to certify heavy-duty diesel engines using selective catalytic reduction to meet the agency’s 2010 emission standards, saying EPA skipped an important regulatory step.
June 8, 2009Diesel Jumps 7.8¢ to $2.352
The average price of a gallon of diesel fuel jumped 7.8 cents last week to $2.352 a gallon, the highest level since December, while gasoline rose another 8.9 cents as crude oil pushed near $70 a barrel, the Department of Energy reported.
June 8, 2009UTi Worldwide’s Profit, Revenue Decline
Air and freight forwarder UTi Worldwide reported a decline in net income and revenue for its fiscal first quarter, due the ongoing recession.
June 5, 2009Oil Closes Near $70 a Barrel
Crude oil rose to near $70 a barrel Thursday before receding to close the trading day at just under $69 on the New York Mercantile Exchange, Bloomberg reported.
June 4, 2009Oil Drops $2 After DOE Cites Higher Inventories
Oil prices took their biggest one-day drop in six weeks Wednesday to near $66 a barrel following an Energy Department report that showed crude inventories improved last week, Bloomberg reported.
June 3, 2009