Fuel Smarts

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January 12, 2009 - Industry News

Diesel Prices Rise for First Time in Months

After months of weekly declines, the average price of a gallon of diesel fuel rose 2.3 cents this past week, according to weekly figures from the U.S. Energy Information Administration

Tags: Fuel and Oil

January 9, 2009 - Industry News

Biodiesel Industry Says It's Ready for Renewable Fuels Goals

The National Biodiesel Board Friday said the U.S. biodiesel industry is ready to meet America's renewable fuels goals for 2009

Tags: Fuel and Oil

January 9, 2009 - Industry News

EOBR Rule May Not Make It

The final electronic on board recorders regulation, which the Federal Motor Carrier Safety Administration had been scheduled to publish by the end of 2008, may not make it into the rulebooks during the final days of the Bush administration

January 7, 2009 - Industry News

FMCSA Denies Petition for Meal Break Relief

The Federal Motor Carrier Safety Administration denied a request by a group of motor carriers asking that the agency declare that California's meal and rest break regulations are pre-empted by federal law because they're incompatible with hours of service regulations

January 5, 2009 - Industry News

Diesel Price Decline Slows

Diesel prices are still falling, although the rate of decline has slowed. Energy Information Administration figures released Monday show the average price of a gallon of diesel to be $2.291, down 3.6 cents from last week

Tags: Fuel and Oil

January 4, 2009 - Industry News

Thunder Horse Oil Platform Now in Full Operation in Gulf

The Thunder Horse platform taps an oil and gas reservoir that lies some 3 miles beneath mud, rock and salt, topped by a mile of ocean.

BP has started production from the third and fourth wells at the Thunder Horse oil production field in the Gulf of Mexico, with production now in excess of 200,000 barrels of oil equivalent per day, marking commencement of full operatio

Tags: Fuel and Oil

December 29, 2008 - Industry News

FMCSA Says California Meal/Break Regs Applicable to Commercial Drivers

The Federal Motor Carrier Safety Administration rejected a petition to exempt commercial vehicle drivers subject to federal hours of service regulation from the California laws and regulations requiring employers to provide employees with meal and rest breaks

December 29, 2008 - Industry News

Diesel Prices Drop, Oil Rises Above $40

The average price of a gallon of diesel is now about a dollar less than it was a year ago, according to weekly figures from the U.S. Energy Information Administration

Tags: Fuel and Oil

December 29, 2008 - Industry News

Wright Express Modifies Fuel-Price Risk Management Program

Wright Express has modified its fuel-price risk management program, continuing to purchase derivative instruments to cover approximately 80 percent of its fuel-price-related earnings exposure going forward, but not as far in advance as in the past

Tags: Fuel and Oil

December 22, 2008 - Industry News

Diesel Prices Fall to Lowest Level Since 2005

The average price for a gallon of on-highway diesel fell again last week, to $2.366 per gallon, according to weekly figures from the U.S. Energy Information Administration

Tags: Fuel and Oil

December 18, 2008 - Industry News

Safety Groups Petition FMCSA to Reconsider HOS Rule

Four major safety advocacy groups Thursday filed a petition asking the government to reconsider its controversial final hours of service rule

December 18, 2008 - Industry News

Obama Taps Rep. LaHood for DOT Secretary

President-elect Barack Obama tapped Republican Congressman Ray LaHood of Illinois as his choice for Transportation Secretary, according to news reports

December 17, 2008 - Industry News

FMCSA Announces Stricter Entry Requirements

The Federal Motor Carrier Safety Administration announced a new rule to place stricter safety requirements on all newly registered trucking and bus companies. This final rule raises the compliance standards for passing new entrant safety audits,

December 17, 2008 - Industry News

FMCSA Issues Intermodal Chassis 'Roadability' Regs

The Federal Motor Carrier Safety Administration this week issued rules long wanted by intermodal trucking companies that make the owners/providers of intermodal equipment responsible for their safety on the road

December 17, 2008 - Industry News

FMCSA Toughens New Entry Requirements

The Federal Motor Carrier Safety Administration announced a new rule to place stricter safety requirements on all newly registered trucking and bus companies. This final rule raises the compliance standards for passing new entrant safety audits,

December 17, 2008 - Industry News

OPEC Slashes Production; New Energy Outlook Predicts Flat Oil Consumption

The OPEC oil cartel announced their biggest output cut ever Wednesday, cutting 2.2 million barrels per day to try to boost prices, at the same time as the U.S. government released a new report predicting flat oil consumption to 2030

Tags: Fuel and Oil

December 16, 2008 - Industry News

FMCSA Will Use GPS Data for Enforcement

The Federal Motor Carrier Safety Administration has rescinded a policy barring use of GPS records to verify compliance with the hours of service rules

December 16, 2008 - Industry News

ExxonMobil Invests to Increase ULSD Supply

ExxonMobil Refining & Supply will invest more than $1 billion in three refineries to increase the supply of ultra low sulfur diesel by about 6 million gallons per day.

Tags: Fuel and Oil

December 15, 2008 - Industry News

Diesel Drops Below $2.50

The average price of a gallon of diesel has dropped below $2.50, according to weekly figures from the U.S. Energy Information Administration

Tags: Fuel and Oil

December 9, 2008 - Industry News

Government Slashes Oil, Diesel Price Forecasts for 2009

New crude oil production like that from the Thunder Horse Platform in the Gulf of Mexico will help increase non-OPEC oil supplies in 2009. (Photo courtesy BP)

The U.S. Energy Information Administration significantly cut its predictions for energy prices for 2009, saying the global economic slowdown is now projected to be more severe and longer than in last month's Short-Term Energy Outlook

Tags: Fuel and Oil

December 8, 2008 - Industry News

Diesel Prices Continue to Fall; Oil Up After Four-Year Low

The national average of diesel fuel continued to fall last week even as crude oil futures hit a four-year low

Tags: Fuel and Oil

December 4, 2008 - Industry News

Oil Prices Fall Below $44 a Barrel

Amid signs that the economy is continuing to worsen, crude oil futures fell below $44 a barrel Thursday on the New York Mercantile Exchange

Tags: Fuel and Oil

December 3, 2008 - Industry News

Final EOBR Rule Will Expand Proposed Requirements

The final electronic onboard recorder rule will significantly expand the scope of the proposed rule, according to John Hill, chief of the Federal Motor Carrier Safety Administration

December 3, 2008 - Industry News

Final EOBR Rule Will Expand Proposed Requirements

The final electronic onboard recorder rule will significantly expand the scope of the proposed rule, said John Hill, chief of the Federal Motor Carrier Safety Administration. "It's still not as far as a lot of people would like me to go,

December 2, 2008 - Industry News

Federal Proposal Would Set up Certified Medical Examiner System

In addition to tying drivers' medical certifications to their CDLs, the Federal Motor Carrier Safety Administration this week also announced a proposal to improve standards and set uniform requirements for medical examiners

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