Oil finished the week at a nine-month high over $103 a barrel and took its biggest weekly gain this year, as signs of an improving U.S. economy and progress on a bailout for Greece boosted projected fuel demand, Bloomberg reported.
February 17, 2012BusinessFuel
Oil Holds Over $100 a Barrel
Oil slipped from a five-week high but remained over $100 for a fourth day in early trading Thursday, Bloomberg reported.
February 16, 2012BusinessFuel
Diesel Jumps 8.7¢ to $3.943 a Gallon; Gas Gains for Seventh Time in Eight Weeks
Diesel jumped 8.7 cents to $3.943 a gallon, its fifth increase in six weeks, while gasoline rose for the seventh time in eight weeks, the Department of Energy reported.
February 14, 2012BusinessFuel
Shell Introducing Oil for Automatic Transmissions
PARK CITY, Utah — Shell Lubricants is introducing a fuel-efficient and long-life transmission and gearbox oil that meets the requirements of automatic transmissions used by Volvo Trucks and Mack Trucks, company officials said.
February 14, 2012BusinessFuel
Gasoline Jumps 12¢ to $3.51, Lundberg Says
Gasoline jumped almost 12 cents in the past three weeks to $3.51 per gallon, according to the latest Lundberg Survey of filling stations released Sunday.
February 13, 2012BusinessFuel
Clean Energy Opens Natural Gas Fueling Station in Ohio
Clean Energy Fuels Corp. said it has opened a new liquefied natural gas fueling station in Ohio.
February 13, 2012BusinessFuelGovernment
U.S. Trade Deficit Widens to Six-Month High
The U.S. trade deficit expanded by 3.7% in December as imports climbed to the highest level in more than three years, the Commerce Department said Friday.
February 10, 2012BusinessFuelGovernment
Forward Air’s 4Q Income Rises
Forward Air Corp. said late Tuesday its fourth-quarter net income rose to $14.4 million, or 50 cents per share, from $11.8 million, or 41 cents, a year earlier.
February 8, 2012BusinessFuel
DOE Boosts Diesel Forecast 6¢ to $3.91
Diesel fuel will average $3.91 per gallon this year, the Department of Energy said, boosting its most recent estimate by 6 cents.
February 7, 2012BusinessFuel
Diesel Rises 0.6¢ to $3.856; Gasoline Gains 4.8¢ to $3.482
Diesel rose 0.6 cent to $3.856 a gallon, its fourth increase in the past five weeks, while gasoline continued to climb at a faster rate, the Department of Energy said Monday.
February 7, 2012