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News•May 21, 2008

Oil Prices Hit New High, House Passes Anti-OPEC Legislation

Oil prices closed over $129 for the first time Tuesday, as the U.S. House of Representatives passed legislation that would seek to subject OPEC oil producers to U.S. antitrust laws and investigate energy market manipulation

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News•May 20, 2008

Diesel, Oil Prices Continue to Set Records

The national average price for a gallon of diesel fuel is up to $4.497, according to figures released Monday by the U.S. Energy Information Administration

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News•May 19, 2008

Lautenberg, McCaskill Introduce Bill to Limit Truck Size/Weight

U.S. Senators Frank Lautenberg (D-N.J.) and Claire McCaskill (D-Mo.) last week introduced a bill "to keep dangerously heavy and large trucks off the nation's roads.

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News•May 18, 2008

Oil Prices Hit New Highs

News last week that the government would stop putting money into the Strategic Petroleum Reserve and that Saudi Arabia would boost oil output appeared to make no difference to commodities traders as crude oil hit new records Friday

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News•May 16, 2008

Government to Stop Adding to Strategic Petroleum Reserve

The Associated Press reports that the Energy Department has canceled oil shipments into the Strategic Petroleum Reserve beginning in July when the current purchase contract expires

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News•May 14, 2008

Group Lobbying For Larger Rigs

A coalition of shippers, motor carriers, manufacturers and others is hosting meetings in Washington, D.C., this week to urge Congress to adopt several demonstration pilot projects related to larger trucks in the upcoming congressional highway reauthorization bill.

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News•May 14, 2008

Minnesota To Require 20 Percent Biodiesel Blend

Minnesota, which was the first state to mandate biodiesel, will increase the state's current 2 percent biodiesel mandate to 20 percent by 2015

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News•May 14, 2008

Message from Capitol Hill: Stop Adding Oil to Strategic Petroleum Reserve

As oil prices hit another new record Tuesday, both the House and Senate sent a message to the White House, saying through their votes that it's time to stop adding oil to the Strategic Petroleum Reserve

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News•May 12, 2008

Diesel Prices Skyrocket

The average retail price of a gallon of diesel fuel skyrocketed to $4.331, according to the Energy Information Administration's weekly report, while crude oil briefly passed a record $126 a barrel Monday

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News•May 9, 2008

Oil Prices: How High Can They Go?

Crude oil hit a record $126 on the New York Mercantile Exchange Friday, almost double the price of a year ago, and analysts disagreed sharply last week on where oil prices are headed in the future

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