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A new forecast is calling for lower fuel prices, due in large part to lower prices for crude oil.
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The umpteenth lawsuit has been filed against Pilot Flying J in the wake of a federal investigation into the company going public in mid-April following a raid on the company’s headquarters by the FBI.
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Minnesota is moving toward increasing the amount of biodiesel that’s blended into diesel fuel sold in the state during the warmer months of the year.
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“Embarrassing” and “humbling” is how embattled Pilot Flying J CEO Jimmy Haslam described the past few months since federal agents served a series of search warrants against the company, as part of an investigation into allegations of cheating trucking companies out of rebates.
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The price of oil keeps edging toward going back below the $100 per barrel mark, bringing fuel prices along for the ride. Crude lost 54 cents in trading in New York on Monday, settling at $102.33 per barrel, hitting near a three-month low
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The price paid at the pump for diesel is down due to a drop in oil prices.
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A three-judge federal panel on Wednesday upheld California’s controversial and first-in-the-nation law requiring fuel-makers to reduce carbon, that detractors say will lead to higher prices for diesel and gasoline.
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After pausing last week, the average cost of diesel in the United States has resumed falling.
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A new government forecast is calling for diesel prices to average just below the same level this year as it was in 2012 and ease a little further next year.
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Despite a recent run-up in the price of oil, the average cost of diesel over the past week is unchanged, according to the U.S. Energy Department.
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