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Business, Fuel

Oil Falls as Inventories Gain

Crude oil fell back by almost $1 a barrel following an Energy Department report that showed oil inventories jumped much higher than expectations last week, Bloomberg reported.

June 21, 2007
Fuel, Business, Government

Senate Panel Backs Alternative Fuel Tax Breaks

A Senate committee approved $28 billion in tax breaks Tuesday to underwrite renewable fuels and “clean coal” technology, but the full Senate cut back provisions that would greatly expand diesel fuel made from coal, the New York Times reported.

June 20, 2007
Business, Government, Fuel

Oil Rises to Nine-Month High, Nearing $70 a Barrel

Crude oil futures rose to a nine-month high Tuesday, closing at $69.10 a barrel, the highest New York Mercantile Exchange closing price since Sept. 1, Bloomberg reported.

June 19, 2007
Fuel, Business, Logistics, Government

Diesel Rises 1.3¢ to $2.805; Gas Falls to Just Over $3

Bruce Harmon/Trans Pixs

Diesel fuel’s national average retail price rose 1.3 cents $2.805 a gallon, while gasoline fell 6.7 cents but remained just over $3, the Department of Energy said Monday.

June 19, 2007
Government, Business, Safety, Fuel

Democrats Demand Action on ‘Hot’ Fuel

WASHINGTON — Congressional Democrats said steps need to be taken to ensure that U.S. consumers are not getting shortchanged by “hot” fuel, but representatives of the fuel retailing industry said adjusting sales by temperature was unnecessary and would hurt small businesses.

June 18, 2007

ULSD Supply Problems Minimal, Officials Say

Pipeline companies said avoiding contamination of ultra-low-sulfur diesel fuel is less a problem than originally thought, and that they have not had problems obtaining enough of the new fuel.

June 18, 2007
Government, Business, Safety, Fuel

NYC Cuts Traffic-Plan Fee for Trucks Meeting EPA Rule

New York City Mayor Michael Bloomberg announced a change in his congestion pricing proposal, saying trucks meeting federal engine emission standards would be charged $7 to enter Manhattan at peak times, rather than $21.

June 18, 2007
Business, Government, Fuel

Oil Rises Following DOE Report

Larry Smith/Trans Pixs

Crude oil prices rose Thursday to their highest level in 11 weeks, on continued concerns over U.S. refinery capacity and output, Bloomberg reported.

June 14, 2007
Business, Fuel, Government, Safety

DHL Buys Stake in Miami Air Cargo Firm

DHL has bought a 49% stake in a Miami air cargo company and extended its contract with the company through 2019, the company said.

June 13, 2007
Government, Business, Safety, Fuel

Congress Eyes Boosting Fuel Economy

Stronger fuel-economy rules stand their best chance in years of passing Congress, amid heightened concern about gas prices and global warming, the Los Angeles Times reported Tuesday.

June 12, 2007