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.
December 12, 2016Pilot 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.
December 5, 2016Diesel 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.
November 28, 2016N.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.
November 16, 2016New 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.
October 24, 2016N.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.
October 7, 2016Chris 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.
October 4, 2016Diesel 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.
August 29, 2016Study 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.
August 29, 2016New 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.
August 22, 2016