fuel

Fuel

Diesel Tops Year-Ago Price for First Time Since 2014

The great slide in diesel prices has ended. After 124 consecutive weeks of diesel falling compared with its year-ago level, the U.S. retail average price is higher than it was 52 weeks ago for the first time since July 2014.

Jonathan S. Reiskin | Associate News Editor
December 12, 2016
Fuel

Pilot CEO Haslam to Give Deposition in Suit Seeking Damages in Fuel Rebate Scheme

John Sommers II for TT

An Ohio judge ordered Pilot Flying J CEO Jimmy Haslam to give a deposition Dec. 13 in connection with a lawsuit filed against the nation’s largest truck-stop chain by two carriers that have alleged they were victims of a massive diesel fuel rebate fraud.

Eric Miller | Senior Reporter
December 5, 2016
Fuel

Diesel Average Dips 0.1¢ to $2.420

Spencer Platt/Getty Images

The U.S. average retail price of diesel slid 0.1 cent to $2.420 a gallon, according to the Department of Energy, as crude prices reflected the uncertainty global production would be slowed.

Roger Gilroy | Senior Reporter
November 28, 2016
Government, Fuel, Business

N.J. Bond Rating Downgraded After Fuel Tax Hike

Andrew Harrer/Bloomberg News

New Jersey’s bond rating was downgraded from “A” to “A-“ on Nov. 14 by S&P Global Ratings in the wake of the state’s massive fuel tax hike that became law last month.

David Elfin | Staff Reporter
November 16, 2016
Government, Fuel, Business

New Jersey Senators Hope to Repeal Fuel-Tax Hikes

TT File Photo

Just six days after New Jersey Gov. Chris Christie signed the compromise gas-tax legislation into law, two of his fellow Republicans introduced a bill on Oct. 20 to repeal it.

David Elfin | Staff Reporter
October 24, 2016
Government, Fuel, Business

N.J. Legislature Votes to Raise Fuel Taxes to Replenish Transportation Trust Fund

Emile Wamsteker/Bloomberg News

The long-running battle over New Jersey’s Transportation Trust Fund could be on the verge of ending. New Jersey’s Senate and Assembly voted on Oct. 7 to provide $2 billion annually to the transportation fund for the next eight years, thanks to tax increases of  27 cents per gallon on diesel and 23 cents per gallon on gasoline.

David Elfin | Staff Reporter
October 7, 2016
Government, Fuel, Business

Chris Christie Announces Deal for 23-Cent Gas Tax Increase for N.J.

Andrew Harrer/Bloomberg News

New Jersey Gov. Chris Christie on Sept. 30 announced a deal with Democratic legislative leaders to add 23 cents per gallon to New Jersey’s 14.5-cent gasoline-tax levy and reduce consumer taxes elsewhere.

Elise Young | Bloomberg News
October 4, 2016
Business, Fuel

Diesel Increases 6¢ to $2.370; Gasoline Rises 4.4¢ to $2.193

John Sommers II for Transport Topics

The U.S. diesel average price rose 6 cents to $2.370 per gallon last week, the Department of Energy reported, as demand for the fuel rose.

Roger Gilroy | Senior Reporter
August 29, 2016
Business, Fuel

Study Finds Continued Savings for 17 Fleets Through Use of Fuel-Efficient Technologies

Seventeen trucking fleets realized a 3% increase in fuel savings in 2015, equally about a half-billion dollars, compared with the national average by adopting fuel-efficient technologies, according to a new report from the North American Council for Freight Efficiency.

Eugene Mulero | Senior Reporter
August 29, 2016
Government, Fuel

New GHG Rule Finalized

The Obama administration unveiled its long-anticipated Phase 2 rule on greenhouse-gas emissions from heavy- and medium-duty trucks, pushing the industry to make tractors and trailers that are more aerodynamic and fuel-efficient, yet still safe and durable.

Jonathan S. Reiskin | Associate News Editor
August 22, 2016

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