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Democrats Demand Action on 鈥楬ot鈥 Fuel

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

June 18, 2007

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

Diesel fuel鈥檚 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

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

Oil Rises Following DOE Report

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

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

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

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, 2007

鈥楬ot Fuel鈥 Comes Under Federal Scrutiny

Federal lawmakers said that oil companies and service station owners cheated consumers due to fuel鈥檚 tendency to expand in warm temperatures, the Los Angeles Times reported Saturday.

June 11, 2007

Diesel Dips 0.7垄 to $2.792; Gas Plunges 8.1垄 to $3.076

Diesel fuel鈥檚 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, 2007

UTi Worldwide鈥檚 1Q Income Dips

Air and ocean freight forwarder UTi Worldwide鈥檚 fiscal first -quarter net income fell 6% to $18.1 million or 18 cents a share, from $19.3 million or 20 cents a year ago.

June 7, 2007