Diesel Rises 3.4¢ to $3.231 in Latest Two-Year High
Diesel rose to its latest two-year high — the third time it has done so in the past month — rising 3.4 cents to $3.231 a gallon, the Department of Energy said.
December 14, 2010Daily Briefings from Transport Topics
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Diesel Premium to Remain in 2011, Analysts Predict
U.S. retail diesel has sold at a premium over gasoline throughout 2010, and petroleum market watchers said global competition for the trucking industry’s main fuel likely means that will not change any time soon.
December 13, 2010Oil Trading Near $90 a Barrel on High Demand
Oil traded near a two-year high close to $90 early Monday as a report showed continued high demand in China, Bloomberg reported.
December 13, 2010The Return of the Oil Speculators
There are worrisome signs that commodities speculators are returning to the nation’s fuel markets, pushing prices higher than the normal forces of supply and demand would warrant.
December 13, 2010Biodiesel Producers Can Meet Mandate Despite Lack of Tax Credit, Experts Say
U.S. biomass-based diesel producers have the capacity to meet an 800 million-gallon federal mandate in 2011, despite a marked decline in biodiesel production over the past year and a failure by Congress so far to reinstate a $1 per gallon biodiesel tax credit, according to the U.S. Environmental Protection Agency and industry experts.
December 13, 2010Diesel Rises 3.5¢ to $3.197
U.S. retail fuel prices jumped last week, reversing declines over the past two weeks, as the average cost of a gallon of diesel rose 3.5 cents to reach $3.197, the U.S. Department of Energy reported.
December 13, 2010U.S. Trade Deficit Drops 13% in October
The U.S. trade deficit declined 13% in October as a weaker dollar boosted U.S. exports, the Commerce Department said Friday.
December 10, 2010Oil Slips After Topping $90 a Barrel
Oil declined Wednesday a day after topping $90 a barrel, following a Department of Energy report that showed higher gasoline and diesel inventories, Bloomberg reported.
December 8, 2010Diesel to Average $3.23 Next Year, DOE Says
Diesel will continue to rise into next year, averaging $3.23 at the pump in 2011, the Department of Energy said in its monthly report.
December 7, 2010Diesel Rises 3.5¢ to Two-Year High of $3.197 a Gallon
Diesel increased 3.5 cents to $3.197 a gallon, reaching its highest pump average in more than two years, the Department of Energy said Monday.
December 6, 2010