Oil Slips as Diesel, Gasoline Inventories Improve
Oil prices fell below $77 a barrel Wednesday following a Department of Energy report that showed diesel and gasoline inventories improved last week even though oil stockpiles declined, Bloomberg reported.
July 14, 2010Daily 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.
Massachusetts Backs Off 2% Biodiesel Mandate
Massachusetts has indefinitely suspended a 2% biodiesel mandate for fuel and heating oil that was to take effect this month, saying that without the federal tax credit for the producers, the cost of biodiesel would be too high for consumers.
July 13, 2010Diesel Falls for Third Week, Dropping 2.1¢ to $2.903 a Gallon
Diesel fell another 2.1 cents to $2.903 a gallon, its third straight downturn and eighth decline in nine weeks, the Energy Department said.
July 13, 2010Trade Deficit Hits 18-Month High
The U.S. trade deficit widened 4.8% in May to the highest level in a year and a half, the Commerce Department said Tuesday.
July 13, 2010EPA Proposes Renewable Fuel Standard Volumes for 2011
The Environmental Protection Agency has released the proposed 2011 percentage standards for its Renewable Fuel Standard.
July 12, 2010Gas Prices Fall 3.9¢ to $2.73 a Gallon, Lundberg Says
Gasoline’s national average price fell 3.9 cents in the past two weeks to $2.73 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
July 12, 2010EPA Proposes Speeding Approval Process for Installing Multi-Fuel Systems in Trucks
The U.S. Environmental Protection Agency, noting “growing interest” in alternative-fuel conversion systems, recently proposed to streamline certification of aftermarket conversions that turn Class 8 diesel engines into engines that can burn diesel and natural gas.
July 12, 2010Diesel Drops 3.2¢ to $2.924 a Gallon
The U.S. retail diesel average dipped 3.2 cents to $2.924 last week, the seventh decline in eight weeks, the Department of Energy reported.
July 12, 2010Oil Ends Week Over $76, Led by Higher Diesel Demand
Oil finished the trading day Friday over $76 a barrel, gaining about $4 in the past week led by high diesel demand, Bloomberg reported.
July 9, 2010DOE Keeps 2010 Diesel Forecast Under $3 a Gallon
Diesel’s national retail price will average $2.98 a gallon this year, the Department of Energy said in boosting its most recent prediction by 2 cents.
July 8, 2010