fuel News Updates

GovernmentFuelBusiness

N.J. Bond Rating Downgraded After Fuel Tax Hike

New Jersey鈥檚 bond rating was downgraded from 鈥淎鈥 to 鈥淎-鈥 on Nov. 14 by S&P Global Ratings in the wake of the state鈥檚 massive fuel tax hike that became law last month.

November 16, 2016
GovernmentFuelBusiness

New Jersey Senators Hope to Repeal Fuel-Tax Hikes

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, 2016
GovernmentFuelBusiness

N.J. Legislature Votes to Raise Fuel Taxes to Replenish Transportation Trust Fund

The long-running battle over New Jersey鈥檚 Transportation Trust Fund could be on the verge of ending. New Jersey鈥檚 Senate and Assembly voted on Oct. 7 to provide $2 billion annually to the聽transportation fund聽for the next eight years, thanks to tax increases of聽 27 cents per gallon on diesel and 23 cents per gallon on gasoline.

October 7, 2016
GovernmentFuelBusiness

Chris Christie Announces Deal for 23-Cent Gas Tax Increase for N.J.

New Jersey Gov. Chris Christie on Sept. 30 announced a deal with Democratic legislative leaders to add 23 cents per gallon to New Jersey鈥檚 14.5-cent gasoline-tax levy and reduce consumer taxes elsewhere.

October 4, 2016
BusinessFuel

Diesel Increases 6垄 to $2.370; Gasoline Rises 4.4垄 to $2.193

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, 2016
BusinessFuel

Study 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, 2016
BusinessFuel

National Average Diesel Price Falls Again, Down 0.6垄 to $2.310

The U.S. average retail price of diesel fell 0.6 cent to $2.310, according to the Department of Energy, while oil prices rallied.

August 15, 2016
BusinessFuel

Diesel Falls 3.2垄 to $2.316; Gasoline Dips 0.9垄 to $2.15

The U.S. average retail price of diesel fell 3.2 cents to $2.316, according to the Department of Energy, while oil prices continued to hover below $50 a barrel.

August 15, 2016
BusinessFuel

Diesel Drops 3.2垄 to $2.316

The U.S. average retail price of diesel fell 3.2 cents to $2.316, according to the Department of Energy, while oil prices聽climbed out of聽last week鈥檚 bear market.

August 8, 2016
Fuel

Toys 鈥淩鈥 Us Employee Pleads Guilty to $2 Million Fuel Card Theft

A Toys "R" Us employee pleaded guilty in a Brooklyn, New York, federal court on聽July 14聽to a criminal fraud charge, after being accused of stealing nearly $2 million meant to help truck drivers cover their costs and putting it on a debit card.

July 14, 2016