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[UPDATED] -- Truckstop chain Pilot Flying J has reached a multi-million dollar settlement agreement with some of the trucking companies that filed suit against it alleging the company cheated them out of fuel rebates.
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Problems for truckstop operator Pilot Flying J and CEO Jimmy Haslam show no signs of letting up, as an Ohio TV station reports that a federal grand jury is looking into possible indictments.
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The prices for diesel and oil are all surging. A new report released Monday by the U.S. Energy Department shows the average cost of diesel has risen 3.9 cents over the past week to $3.867 per gallon.
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Three more lawsuits have been filed against the truckstop chain Pilot Flying J over claims it shortchanged customers out of money they were due in the form of rebates from fuel purchases.
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The national average price of diesel has posted its first increase for the first time in several weeks, following a big spike in the price of oil. This is the first increase since the week of May 20 and puts the price of diesel 14.5 cents a gallon higher than the same week a year ago.
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Prices for oil and gasoline turned lower over the past week, with diesel on its sixth week of falling prices in a row. Crude oil, however, is approaching the $100 per barrel level again.
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Trillium CNG is expanding its compressed natural gas fueling network, with plans to build 101 public access Class 8 accessible CNG stations in 29 states by 2016.
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In 2011, commercial trucks burned 37.2 billion gallons of diesel and 14.8 billion gallons of gasoline, according to the American Trucking Associations.
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Pilot, the largest truckstop chain in the country with more than 650 outlets and $29 billion in annual revenues, is being investigated for allegedly defrauding customers by withholding fuel rebates and discounts.
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The Environmental Protection Agency is more ambitious for the next phase of its heavy-duty truck fuel economy standards than it was for the first, and will look at trailers as well as new engine and transmission technologies.
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