The Department of Energy boosted its 2011 diesel price forecast by 2 cents, to $3.85 a gallon, and raised its gasoline price projection 3 cents, to $3.56, but lowered its projections for 2012.
September 8, 2011Search
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Shippers Cite Steady Demand, Are Optimistic on Rest of 2011
NEW YORK — Shippers from the retail, building products and chemical industries said that demand has remained steady in recent weeks, a sign the second half of 2011 will not be as weak as some economists have suspected.
September 12, 2011Diesel Rises 4.8¢ to $3.868 a Gallon; Gasoline Also Climbs for a Second Week
The average price paid for a gallon of U.S. retail diesel rose 4.8 cents a gallon to $3.868 last week, the second straight increase, the Department of Energy reported.
September 12, 2011U.S. Trade Deficit Narrows 13.1%
The U.S. trade deficit narrowed 13.1% in July to $44.8 billion, a three-month low, as exports rose and oil imports declined, the Commerce Department said Thursday.
September 8, 2011Oil Holds Over $89 a Barrel
Oil held just over $89 a barrel Thursday in advance of the Department of Energy’s weekly report on crude, diesel and gasoline inventories, Bloomberg reported.
September 8, 2011Oil Falls Below $84 a Barrel
Oil fell to a two-week low near $83 a barrel in early trading Tuesday as investors speculated that signs of a weakening U.S. economy and higher crude stockpiles showed fuel demand will slip, Bloomberg reported.
September 6, 2011Diesel Rises 4.8¢ to $3.868; Gasoline Gains 4.7¢ in Second Straight Increase
Diesel’s national average price rose for a second week, up 4.8 cents to $3.868 a gallon, while gasoline gained 4.7 cents to $3.674, the Department of Energy said.
September 7, 2011Diesel Gains 1¢ to $3.82; First Increase in Five Weeks
U.S retail diesel prices rose last week for the first time in five weeks, as the Department of Energy reported that the national average cost rose 1 cent to $3.82 a gallon.
September 5, 2011Oil Slips, as Monthly Price Drops by Most Since May
Oil prices fell slightly Wednesday to near $89 a barrel, capping the biggest monthly decline since May, Bloomberg reported.
August 31, 2011Planned U.S.-Canada Oil Pipeline Gets Favorable Report
The U.S. State Department said in a report that the planned Keystone XL pipeline, which would transport crude oil from tar sands in Alberta, Canada, to oil refineries in Texas, is unlikely to have a significant impact on the environment, Associated Press reported.
August 30, 2011