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Fuel and Oil

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February 24, 2011 - Industry News

Oil Prices Appear to be Stabilizing, Diesel Up: Crude Closes at $97.28

Oil prices dropped Thursday for the first time in nine days after the International Energy Agency said the rebellion in Libya may have cut oil production less than originally feare

Tags: Fuel and Oil

February 23, 2011 - Industry News

Oil Prices Top $100, Settle at $98.10 on Wednesday

Diesel prices are following the trend in oil pricing. The national average price rose on Wednesday to $3.61 -- up nearly a dime from last week.

The price of oil topped the $100 mark in mid-day trading on Wednesday as supply concerns worsened with the advancing strife in Libya

Tags: Fuel and Oil

February 22, 2011 - Industry News

Diesel Prices Surge as Oil Nears $100

The price of a gallon of diesel fuel is up by 3.9 cents this week, topping $3.57 a gallon, and marking its 12th consecutive weekly increase

Tags: Fuel and Oil

February 21, 2011 - Industry News

Crude Prices Soar as Supply Concerns Rise

U.S. Energy markets had the day off Monday but overseas activity proved just about enough for everyone

Tags: Fuel and Oil

February 15, 2011 - Industry News

Diesel Still Climbing as Oil Declines

Diesel prices around the nation gained another 2.1 cents this week, marking the 11th straight increase in a row according to the Department of Energy's pricing survey

Tags: Fuel and Oil

February 8, 2011 - Industry News

DOE Projects Diesel to Average $3.43 This Year

The Department of Energy's monthly fuel price projections continue to rise in lockstep with the price of crude oil and diesel fuel. The monthly projection for February, up 3 cents from the January forecast, sees diesel fuel averaging $3.43 for 2011 and $3.51 for 2012

Tags: Fuel and Oil

February 7, 2011 - Industry News

Diesel Hits $3.51 in Tenth Straight Weekly Increase

Diesel prices continued their upward trend this week, rising an alarming 7.5 cents to hit a new post-2008 high of $3.513

Tags: Fuel and Oil

January 31, 2011 - Industry News

Diesel Prices Rise for Ninth Week

The national average price of a gallon of diesel rose by just under a penny to $3.438 per gallon, according to weekly figures from the U.S. Department of Energy

Tags: Fuel and Oil

January 24, 2011 - Industry News

Fuel Prices Up Again This Week

Diesel prices rose again this week for the eighth week in a row, to a national average of $3.43 per gallon, according to weekly figures from the U.S. Department of Energy. That's the highest level since Oct. 27, 2008

Tags: Fuel and Oil

January 12, 2011 - Industry News

Go Natural Gas to Open CNG Fueling Station at LAX

Go Natural Gas, in partnership with a large international compressed natural gas equipment manufacturer plans to open a compressed natural gas fueling station near the LA Airport

Tags: Fuel and Oil

January 11, 2011 - Industry News

DOE's Short-Term Energy Outlook Sees Diesel at $3.40 Diesel for 2011

Rising crude oil prices are the primary reason for higher retail prices, along with higher refining margins for gasoline and distillate.

The U.S. Department of Energy's short-term energy outlook, released Tuesday, has once again boosted its energy price forecast. Diesel fuel, DOE say, will average $3.40 per gallon for 2011, and $3.52 for 2012

Tags: Fuel and Oil

January 10, 2011 - Industry News

Diesel Rises for 6th Straight Week to $3.333

Diesel prices in most areas of the country were up again this week, the Department of Energy reported on Monday. The U.S. national average price hit $3.333 per gallon, on the sixth straight week of price increases

Tags: Fuel and Oil

January 3, 2011 - Industry News

Diesel Begins the Year on an Upswing

The national average price of a gallon of diesel was up again this week, rising 3.7 cents from last week

Tags: Fuel and Oil

December 30, 2010 - Industry News

IFTA Adopts Interest Amendment

Carriers who underpaid fuel taxes will have to pay less interest under a new amendment to the International Fuel Tax Agreement

Tags: Fuel and Oil

December 27, 2010 - Industry News

Diesel Prices Hit Two-Year High

Crude oil is expected to hit $100 in 2011, which will mean higher prices at the pump. (Photo by Jim Park)

The average price of diesel fuel, at $3.294 a gallon, is at its highest level in more than two years, according to weekly figures reported Monday by the U.S. Department of Energy

Tags: Fuel and Oil

December 23, 2010 - Industry News

Support Building for Keystone XL Pipeline from Canada

The campaign in support of a new pipeline connecting secure sources of energy in Canada to consumers in the United States got a huge boost this week. Members of Congress from Florida to Utah co-signed a letter to the State Department urging the agency to approve the final permitting documents for the Keystone Gulf Coast Expansion

Tags: Fuel and Oil

December 22, 2010 - Industry News

Crude Closes Above $90 on Stockpile Drop, Cold Weather, Good Job Numbers

Oil closed Wednesday at $90.48 a barrel, the highest closing price seen since Oct. 3, 2008

Crude oil settled on the NYMEX on Wednesday at $90.48 a barrel, the highest closing price seen since Oct. 3, 2008. That follows a fourth consecutive day of gains

Tags: Fuel and Oil

December 20, 2010 - Industry News

Cold Weather Pushing Fuel Prices Higher Worldwide

Blame the cold for the escalating cost of fuel. It's cold all over and that's driving up demand for heating oil

Tags: Fuel and Oil

December 19, 2010 - Industry News

Congress Renews Incentives for Alternative Fuels, But Not For Vehicles

Tax credits 50-cents per gallon apply for compressed and liquefied natural gas when used as a vehicle fuel. (Photo by Jim Park)

The much publicized tax and unemployment-benefits measure passed by Congress last week also contains tax breaks for use of automotive alternative fuels, but not for the vehicles themselves

Tags: Fuel and Oil

December 13, 2010 - Industry News

Diesel Rises for the Third Straight Week, Up 3.4 cents to $3.231

Department of Energy's Annual Retail On-Highway Diesel Price summary

Diesel prices hit a fresh two-year high on Monday following the release of the weekly Department of Energy's Weekly Retail On-Highway Diesel Price summary, rising 3.4 cents to $3.231 a gallon

Tags: Fuel and Oil

December 13, 2010 - Industry News

Biodiesel Tax Credit Gets a New Lease on Life

The biodiesel tax incentive moved a step closer to being extended Monday

Tags: Fuel and Oil

December 8, 2010 - Industry News

Clean Energy Signs Agreement to Acquire Northstar, Advanced LNG Technology Leader

Clean Energy Fuels Corp. has entered into a Securities Purchase Agreement to acquire Wyoming Northstar Incorporated and affiliate

Tags: Fuel and Oil

December 7, 2010 - Industry News

DOE Energy Forecast Sees Fuel Prices Climbing to $3.23 per Gallon Next Year

Following a recent spike in crude oil and diesel prices, the U.S. Department of Energy's current Short-Term Energy Outlook projects that diesel will run at $3.14 per gallon over the winter months (October 1 to March 31), before leveling out at a projected average for the year of $3.23 per gallon

Tags: Fuel and Oil

December 5, 2010 - Industry News

U.S. Passes ULSD Milestone

December 1 marked a major milestone for the nation's transition to ultra-low sulfur diesel fuel -- all on-highway diesel fuel now complies with the landmark 15 parts-per-million sulfur standard. This represents a 97 percent reduction in sulfur content from 2006 levels

Tags: Fuel and Oil

November 29, 2010 - Industry News

Diesel Prices Lower, Oil Futures Higher

The average price of a gallon of diesel dropped for the second week in a row, but only by a less than a penny, according to weekly figures released Monday by the U.S. Department of Energy

Tags: Fuel and Oil

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