Oil Hits New 30-Month High Near $109 a Barrel
Oil rose 49 cents Wednesday to a new 30-month high, closing the trading day at $108.83 a barrel on the New York Mercantile Exchange, Bloomberg reported.
April 6, 2011Daily 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.
Diesel Rises Again, Gaining 4.4¢ to $3.976
Diesel rose for the 17th time 18 weeks, gaining 4.4 cents to a national average $3.976 per gallon, while gasoline jumped almost 9 cents, the Department of Energy said.
April 5, 2011Oil Continues Gains, Tops $108 a Barrel
Oil closed at more than $108 a barrel Monday, its highest level in 30 months, as Libyan fighting centered near a key Mediterranean oil port, Bloomberg reported.
April 4, 2011U.S. Must Lift Oil Production to Ease Prices, Graves Says
American Trucking Associations President Bill Graves said Congress and the Obama administration must take steps to increase oil production in the Gulf of Mexico, but that domestic oil production alone would not provide a solution to high diesel fuel prices that are hurting the trucking industry.
April 4, 2011Diesel Gains 2.5¢ to $3.932 a Gallon
U.S. retail diesel prices resumed their upward march last week, as the national average increased 2.5 cents to a 30-month high of $3.932 per gallon, leading fleets to take wide-ranging steps to address their mounting costs.
April 4, 2011Oil Surges to Top $106 a Barrel
Oil jumped to its highest closing price in two-and-a-half years over $106 a barrel, on concern that the Libyan conflict will prolong production cuts, Bloomberg reported.
April 1, 2011Graves Tells Congressional Panel Trucking Needs Affordable Diesel Fuel
American Trucking Associations President Bill Graves told a House of Representatives panel Thursday that policymakers need to ensure the trucking industry has access to affordable diesel.
March 31, 2011Oil Price Falls Following Report on Higher Inventories
Oil prices fell to near $104 a barrel Wednesday following a Department of Energy report showed that crude stockpiles jumped almost 3 million barrels last week, Bloomberg reported.
March 30, 2011Diesel Price Resumes Climb, Rising 2.5¢ to $3.932 a Gallon
A week after falling for the first time in four months, diesel resumed its climb toward $4 a gallon, rising 2.5 cents to a national average of $3.932 at the pump, the Department of Energy reported.
March 29, 2011WebTech Wireless Narrows Fourth-Quarter Loss
WebTech Wireless, a supplier of GPS location-based and fleet telematics services, reported a loss of C$3.55 million for the fiscal quarter ended Dec. 31, compared with a loss of C$7.26 million a year earlier.
March 28, 2011