Diesel fuel’s national average retail price dipped 0.7 cent $2.792 a gallon and gasoline's pump price plunged, the Department of Energy said Monday.
June 12, 2007BusinessGovernment
Import Prices Rise 0.9%
The price of goods imported to the United States rose 0.9% in May for a fourth straight gain, the Labor Department said Wednesday
June 13, 2007GovernmentBusinessSafetyFuel
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, 2007FuelGovernment
China Sets Biofuels Moratorium
China announced a moratorium on the production of ethanol from corn and other food crops Monday, at the same time that Western leaders are moving to embrace more alternative fuels, the Times of London reported Tuesday.
June 12, 2007BusinessGovernment
Congress Targets Highway Privatization
The trucking industry and congressional Democrats are seeking to slow states’ efforts to lease toll roads to private investors, Bloomberg reported.
June 11, 2007FuelBusinessGovernment
‘Hot Fuel’ Comes Under Federal Scrutiny
Federal lawmakers said that oil companies and service station owners cheated consumers due to fuel’s tendency to expand in warm temperatures, the Los Angeles Times reported Saturday.
June 11, 2007BusinessSafetyGovernmentAutonomous
DOT Outlines Cross-Border Standards
The Transportation Department said Monday it has published additional details on safety standards and inspection program in place for its cross-border trucking demonstration program.
June 11, 2007Government
Gas Prices Fall 7 Cents, Lundberg Says
Gasoline prices have dropped 7 cents in the last three weeks on a nationwide basis, the first drop since January, according to the latest Lundberg Survey, the Associated Press reported Monday.
June 11, 2007BusinessGovernment
China’s Truck Sales Booming
China’s vehicle sales rose at the fastest pace in four months, led by economic growth and higher truck demand, Bloomberg reported Monday.
June 11, 2007