Oil Jumps $5 to Top $136 a Barrel
Oil jumped $5 to more than $136 a barrel Wednesday following a Department of Energy report that showed crude inventories fell more than expected last week, Bloomberg reported.
June 11, 2008Fed Cites Economic Weakness, Trucking’s Concerns Over Fuel Prices
U.S. economic activity remained generally weak in late April and May, and some trucking companies reported having difficulty passing on high fuel costs to their customers, the Federal Reserve said Wednesday.
June 11, 2008Letters to the Editor: Fuel-Cost Crisis, Drug & Alcohol Testing, Trucker Pride
I joined the company where I work about three months ago, and one of my top-priority jobs has been fuel usage. We had to look at our idling time because all our trucks are sleepers and the drivers run in 48 states.
June 11, 2008Two Truck Drivers Killed in European Fuel-Price Protests
Police cleared striking truckers who were protesting high fuel prices from the Spanish-French border, and two striking drivers were killed in separate incidents in Spain and Portugal, the Associated Press reported Wednesday.
June 11, 2008DOE Sees Diesel Near $4.71 for Next Few Months
Diesel fuel will average $4.32 a gallon this year and next year, but will remain near $4.71 a gallon for the next few months, the Department of Energy said.
June 10, 2008IEA Lowers Oil Demand Forecast; European Truckers Step Up Protests
The International Energy Agency lowered its forecast for global oil demand this year, while thousands of European truckers protested high fuel prices, the Associated Press reported Tuesday.
June 10, 2008Trucking Consolidation Seen Benefiting Surviving Firms
Soaring fuel prices have driven trucking bankruptcies up 143% over the same time last year, and industry analysts said the market may need to consolidate more before it improves for those companies that survive, the Associated Press reported.
June 10, 2008U.S. Trade Deficit Jumps 7.8% on Energy Costs
The U.S. trade deficit grew 7.8% in April to the highest level in more than a year, on surging energy costs, the Commerce Department said Tuesday.
June 10, 2008Diesel Falls 1.5¢ to $4.692; Gas Tops $4 for First Time
The national average price of diesel fuel fell for a second straight week, dipping 1.5 cents to $4.692 a gallon, while gasoline rose above $4 for the first time, the Department of Energy said Monday.
June 10, 2008Saudi Arabia Seeks Meeting on Oil Prices
Saudi Arabia plans to call for a summit between oil-producing and consuming nations to discuss soaring crude prices, the Associated Press reported Monday.
June 9, 2008