Oil Jumps More Than $10 to Record $138.54 a Barrel
Crude oil jumped by a single-day record of more than $10 Friday close at a record $138.54 a barrel, marking an almost $16 increase over two days.
June 6, 2008Mullen Buys Fluid, Oilfield Transport Firm
Canadian transportation firm Mullen Group Income Fund said Thursday it would buy the transport unit of Essential Energy Services Trust for C$135 million.
June 5, 2008Oil Jump Erases Week’s Declines
Crude oil jumped more than $5 a barrel Thursday to close near $128 a barrel, erasing the declines from earlier in the week, and the Energy Department said it would delay scheduled oil deliveries to the Strategic Petroleum Reserve until next spring, Bloomberg reported.
June 4, 2008ATA Backs Oil-Market Investigation
American Trucking Associations said Wednesday that it supports the U.S. Commodity Futures Trading Commission for taking steps toward increasing transparency of the energy futures markets.
June 4, 2008Letters to the Editor: Fuel-Protests, Fuel-Intermodal, Fuel-Surcharges, Troopers in Trucks, Border Pilot Program
The only way fuel prices will ever come back down to reasonable levels is for our nation’s truckers to park their rigs for three to seven days. Even drivers for major companies would need to park and refuse to drive.
June 4, 2008Oil Declines to $122 a Barrel
Crude oil continued its recent slide Wednesday, falling $2 to close at $122.30 a barrel on the New York Mercantile Exchange, Bloomberg reported.
June 4, 2008GM Closing Four North American Plants
General Motors Corp. is closing four North American truck and sport utility vehicle plants, in light of high fuel prices that are pushing consumers to smaller vehicles, the Associated Press reported Tuesday.
June 3, 2008Biodiesel Firm Secures $15.5 Million Investment
Three institutional investors have put $15.5 million in financing into Innovation Fuels, an Albany, N.Y., company that makes and distributes biodiesel fuel worldwide, financial firm Credit Suisse said Tuesday.
June 3, 2008Diesel Dips 1.6¢ to $4.707; Gas Gains 3.9¢ to Record $3.976
The average price of retail diesel fuel fell for the first time in a month, dipping 1.6 cents from an all-time record high to an average $4.707 a gallon, the Department of Energy said.
June 3, 2008Software Firms Seeing Greater Demand as Fleets Seek Savings, Efficiency Gains
Executives with several software firms said their businesses are awash with inquiries from carriers seeking to streamline operations as they struggle with record fuel prices and sluggish freight demand.
June 2, 2008