TopNews

Fuel and Oil

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June 8, 2010 - Industry News

DOE Lowers Forecasts For Diesel As Recent Prices Fall

Fleets can expect average diesel prices of $2.96 a gallon for 2010. (Photo by Jim Park)

The Department of Energy's Energy Information Administration has lowered its price forecasts for on-highway diesel to just under $3 a gallon for 2010 and $3.11 for 201

Tags: Fuel and Oil

June 7, 2010 - Industry News

Diesel, Oil Continue to Drop

Over the last four weeks, diesel has slipped 18.1 cents. (Photo by Ryder)

Diesel prices continued their downward trend this week, falling 3.4 cent

Tags: Fuel and Oil

June 4, 2010 - Industry News

Oklahoma Legislation Will Establish CNG Interstate Highway

A new law in Oklahoma spells out goals to have CNG fueling stations located along the Interstate highway system in the states

Tags: Fuel and Oil

June 3, 2010 - Industry News

Kansas Lawsuits Against Hot Fuel Go Class Action

Two lawsuits in Kansas fighting against the practice of "hot fuel" have become the first in the nation to receive class action statu

Tags: Fuel and Oil

June 1, 2010 - Industry News

Diesel, Oil Prices Fall

The average price of a gallon of diesel dropped more than 4 cents over the past week, according to figures from the U.S. Department of Energy

Tags: Fuel and Oil

May 27, 2010 - Industry News

Oil Continues to Rise As China Backs Europe

Oil was up about 4.25 percent Thursday; researchers believe prices will only continue to go up over the next few years. (Photo by Lubrizol)

Oil continued to rise Thursday as news that China was not reviewing its investments in the European market hit investor

Tags: Fuel and Oil

May 25, 2010 - Industry News

Oil Prices to Continue Upward Trend in Years Ahead

Petroleum and liquid fuels will continue to be the largest energy source worldwide for the next 25 years.(Photo courtesy of Lubrizol)

U.S. oil prices are expected to rise to $108 per barrel by 2020 and $133 per barrel by 2035, according to the U.S. Department of Energy

Tags: Fuel and Oil

May 24, 2010 - Industry News

Diesel Sees Largest One-Week Drop in Over a Year

After reaching its highest level since 2008 recently, diesel took its largest one-week slide in over a year.

Diesel continued to drop for the second week in a row, down 7.3 cents to a national average of $3.021 a gallo

Tags: Fuel and Oil

May 19, 2010 - Industry News

Biodiesel Tax Credit Moves Closer to Publication This Week

The House of Representatives is expected to take up the American Workers, State and Business Relief Act of 2010 this week, which includes the biodiesel tax credit, which lapsed Dec. 31, 2009

Tags: Fuel and Oil

May 17, 2010 - Industry News

Diesel Takes First Dip in Seven Weeks; Oil Continues Downward

During trading Monday, oil slipped below $70 for the first time in three months. (Photo by BP)

Diesel prices fell for the first time in seven weeks, dropping 3.3 cents to a national average of $3.094 a gallo

Tags: Fuel and Oil

May 14, 2010 - Industry News

Crude Oil Reaches Three-Month Low on Market Volatility

Crude oil plunged to its lowest level in three months at the close of trading Friday, a reflection of market volatility, which got investors worried about too many supplie

Tags: Fuel and Oil

May 11, 2010 - Industry News

Fuel Prices Should Rise on Economic Growth

The U.S. Energy Information Administration has raised its predictions for diesel and oil prices on more optimistic economic growth forecasts, according to the most recent Short-Term Energy Outlook

Tags: Fuel and Oil

May 11, 2010 - Industry News

EIA Projects Greater Use of Renewables By 2035

Over the next 25 years, energy consumption is expected to grow, but there will also be a greater use of renewable fuels within the transportation secto

Tags: Fuel and Oil

May 10, 2010 - Industry News

Diesel Prices Rise Half a Penny; Oil Eases Back Up

Over the last six weeks, diesel prices have gained 18.8 cents. (Photo by Deborah Lockridge)

Diesel prices changed slightly from last week, rising 0.5 cents to $3.127 a gallon this wee

Tags: Fuel and Oil

May 7, 2010 - Industry News

Oil Reaches 11-Week Low Following Market Plunge

One reason investors are shying away from oil is because supplies are outnumbering demand. (Photo courtesy of Shell)

Oil prices dropped even further Friday, following Thursday's stock market plunge. Crude oil closed out the week at $75.11 a barrel on the New York Mercantile Exchange, an 11-week lo

Tags: Fuel and Oil

May 3, 2010 - Industry News

Diesel Gains Almost a Nickel in Fifth Straight Boost

Over the last five weeks, diesel has gained 18.3 cents. (Photo by Michelin)

Diesel prices gained nearly a nickel this week, kicking off the month of May at its highest level since October 200

Tags: Fuel and Oil

April 30, 2010 - Industry News

Crude Oil Breaks Three-Week Record on Recovery Hopes, Oil Spill

Debris and oil from the Deepwater Horizon drilling platform float in the Gulf of Mexico after the rig sank April 22. The spill has affected oil prices. (Photo courtesy of the U.S. Coast Guard)

Crude oil finished out the week reaching a three-week record high, due to increased confidence in the economic recovery and the BP oil spill, which is threatening the coasts of several southern state

Tags: Fuel and Oil

April 26, 2010 - Industry News

Diesel Continues Slow Climb; Oil Falls on Interest Rate Worries

The price of diesel continued its slow climb this week, gaining another 0.4 cents to a national average of $3.078 a gallo

Tags: Fuel and Oil

April 21, 2010 - Industry News

Study Questions Carbon Footprint of Biodiesel

A European Union document recently released to Reuters found that the greenhouse gas emissions generated by biodiesel can be up to four times greater than diesel or gasoline

Tags: Fuel and Oil

April 19, 2010 - Industry News

Diesel Up Slightly; Oil Continues Sharp Drop

Rising diesel prices will most likely negatively impact carriers, owner-operators and shippers, who'll have to bite the bullet this summer. (Photo by Ryder)

Diesel prices across the nation continued their upward trend, gaining half a penny this week to a national average of $3.074 a gallo

Tags: Fuel and Oil

April 18, 2010 - Industry News

API Economist Warns of Potential of Bad Energy Policy

Texas City refinery complex. U.S. refineries are producing record amounts of gasoline. (Photo courtesy BP)

CINCINNATI -- The general public doesn't know much about the oil industry - and a lot of what they think they know is wrong, said John Felmy, chief economist for the American Petroleum Institute, Sunday during an educational session at the National Private Truck Council annual meeting. And that lack of knowledge, he says, can lead to misguided public policy

Tags: Fuel and Oil

April 16, 2010 - Industry News

Oil Plunges to Lowest Settlement Since End of March

Following news that the Securities and Exchange Commission was charging investment bank Goldman Sachs with fraud related to subprime mortgages, oil prices plunged to their lowest level this month on Frida

Tags: Fuel and Oil

April 15, 2010 - Industry News

Biodiesel Board Urges Congress to Move on Biodiesel Tax Break

The National Biodiesel Board has written a letter urging Congress to retroactively reinstate the biodiesel tax incentive, which expired on Dec. 31, 2009

Tags: Fuel and Oil

April 12, 2010 - Industry News

Diesel Prices Up a Nickel

Diesel prices are at their highest level since November 2008. (Photo courtesy Lubrizol)

The national average price of a gallon of diesel rose 5.4 cents from last week, to $3.069, according to weekly figures from the U.S. Energy Information Administration

Tags: Fuel and Oil

April 7, 2010 - Industry News

Despite Fluctuations, Fuel Price Forecasts Remain Stable

Forecasts for crude oil and diesel fuel prices have not changed much from last month, with crude expected to hover above $81 a barrel this summer and diesel to stay around $3 a gallon in 2010.

Tags: Fuel and Oil

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