Biodiesel 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, 2008U.S. Refineries Restricting Diesel Supplies
U.S. diesel prices roared past gasoline in September, reversing the historic pattern because rising demand for diesel, coupled with the weak dollar, has led refiners to export the fuel even as their use of refinery capacity is at a four-year low, according to market experts.
June 2, 2008Diesel Soars Another 22.6¢ to Record $4.723
Diesel continued to soar last week, jumping 22.6 cents to put the national average retail price at an unprecedented $4.723 a gallon, according to the Department of Energy.
June 2, 2008Bill Would Require Ships to Use Clean Fuel
Emissions from cargo ships would be reduced under legislation that passed the Senate Environment and Public Works Committee, the Associated Press reported.
May 30, 2008Feds Probing Oil Markets, Journal Says
Federal regulators disclosed a sweeping probe into U.S. oil-market trading and said they were expanding surveillance of energy markets, the Wall Street Journal reported Friday.
May 30, 2008Minnesota to Require 20% Biodiesel in 2015
Minnesota Gov. Tim Pawlenty (R) signed a bill that will require diesel sold in the state to contain 20% biodiesel content by 2015, the Associated Press reported.
May 30, 2008Oil Drops More than $4 to Close Near $126 a Barrel
Crude oil fell more than $4 Thursday to close at $126.62 a barrel on the New York Mercantile Exchange, Bloomberg reported.
May 29, 2008Frozen Food Express to Slow Fleet’s Speed to 62 MPH
Refrigerated truckload carrier Frozen Food Express Industries said Thursday it will lower the maximum speed of its trucks to 62 miles per hour, from 65 mph, in an effort to save money on fuel.
May 29, 2008