Diesel Average Drops 3.5¢ to $3.013 a Gallon
The U.S. average retail price of diesel dropped 3.5 cents to $3.013 a gallon, the U.S. Energy Information Administration reported Jan. 7, even as crude oil prices saw renewed vigor and broached the mark of $50 per barrel.
January 7, 2019Daily Briefings from Transport Topics
Transport Topics has partnered with Spoken Layer to make one-minute daily briefings available on all your smart devices. Simply say “Alexa, play Transport Topics” or “Okay Google, talk to Transport Topics” to get the day’s biggest trucking headlines.
DTNA Pushes Ahead With Automated Driving, Other New Technology on Flagship Cascadia
LAS VEGAS — Daimler Trucks North America announced SAE Level 2 automated driving will be available beginning in July on its flagship Freightliner Cascadia model, calling it an industry first.
January 7, 2019Oil Set for Longest Gain in 17 Months on US Economy, OPEC Cuts
Oil headed for its longest stretch of daily gains in more than 17 months as the U.S. Federal Reserve sought to ease investor concerns, China moved to stimulate its economy and OPEC production cutbacks took effect.
January 7, 2019Infrastructure, Trade Loom Large for Trucking in the New Year
Infrastructure and trade loom large for trucking in the year ahead as freight carriers adjust to a slower, but still positive, rate of economic growth in 2019, according to industry experts interviewed by Transport Topics.
January 4, 20192019 Gas Prices Predicted to Be Volatile, but Lower Overall
The projected $2.70 a gallon pump price for 2019 is 3 cents lower than 2018 levels, although this year’s high could reach $3 as soon as May and top $4 in some cities, according to GasBuddy’s Price Fuel Outlook. The lower prices have not escaped Trump’s attention, who equated them to a tax cut in a tweet Jan. 1.
January 2, 2019Average Price of Diesel Drops 2.9¢ to $3.048 a Gallon
The U.S. average retail price of diesel dropped 2.9 cents to $3.048 a gallon, the U.S. Energy Information Administration reported, as crude oil prices hovered around $45 per barrel.
January 2, 2019Oil Begins 2019 With Renewed Slide Amid Fears Over China Growth
Oil started 2019 with another price slide as weaker Chinese manufacturing data pointed to slowing demand in the world’s second-biggest consumer of the fuel and to growing risks of a global crude surplus.
January 2, 2019Amid an Export Boom, the US Is Still Importing Natural Gas
The U.S. may be exporting natural gas at a record clip, but that hasn’t stopped it from accepting new imports. A tanker with fuel from Nigeria is sitting near the Cove Point import terminal in Maryland, while a second ship with Russian gas is idling outside Boston Harbor.
December 28, 2018Texas Job Growth to Take Hit if Oil Rout Drags On, Fed Says
Job growth in the Lone Star State will likely weaken in the first half of 2019 if oil prices remain at current levels, according to the Federal Reserve Bank of Dallas.
December 28, 2018Report: US Miscalculated Benefit of Better Train Brakes
BILLINGS, Mont. — President Donald Trump’s administration miscalculated the potential benefits of putting better brakes on trains that haul explosive fuels when it scrapped an Obama-era rule over cost concerns, The Associated Press has found. A government analysis used to justify the cancellation omitted up to $117 million in estimated future damages from train derailments that could be avoided by using electronic brakes.
December 27, 2018