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Fuel

NewsDecember 8, 2008

Dec. 3 Report: Diesel Average at $2.61/Gallon

WASHINGTON, D.C. --- The U.S. average diesel price slipped 4.9 cents last week to $2.615 per gallon, 80.1 cents below the price a year ago and the lowest since Feb. 26, 2007, according to a Dec. 3 report from the Energy Information Administration (EIA).

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NewsDecember 8, 2008

Chevron May Sell Some Refineries

NEW YORK --- Chevron Corp. said Tuesday, Dec. 2, that it might sell off some refineries, as global recession curbs demand for gasoline and diesel and squeezes fuel-production margins, Bloomberg News reported.

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NewsDecember 4, 2008

Uncertain Economy Leads to Rise in Fuel Theft

ATLANTA --- With wildly fluctuating gas prices and an unstable economy, the temptation for thieves to steal or take advantage of company fuel cards is at an all-time high, according to industry expert FleetCards USA.

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NewsDecember 3, 2008

Dec. 3 Report: Average Gasoline Price Below $2/Gallon in All Major Regions

WASHINGTON, D.C. --- For the first time since Jan. 31, 2005, the average price of regular gasoline slipped below $2 a gallon in all major regions of the country, the Energy Information Administration (EIA) reported Dec. 3.

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NewsDecember 1, 2008

Oil Drops Below $50 a Barrel in Today's Trading

NEW YORK --- Crude oil fell below $50 a barrel today after the Organization of Petroleum Exporting Countries postponed a decision to reduce output until its next meeting on Dec. 17, Bloomberg reported today.

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NewsDecember 1, 2008

Researchers Study Pennycress Weed for Biodiesel Potential

PEORIA, IL --- A group of Agricultural Research Service scientists are studying whether a local winter weed -- pennycress -- can be used to produce biodiesel.

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NewsDecember 1, 2008

IRS Lowers Deduction Rate to 55 Cents Per Mile

WASHINGTON, D.C. --- After bumping up automobile mileage deduction rates for the second half of the year, the Internal Revenue Service is lowering rates for 2009 to coincide with falling gasoline prices.

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Articlesby Grace LauronDecember 1, 2008

Energy Fleets Gather in Houston for Annual PHH Conference

More than 60 energy company representatives met to discuss the latest in fuel trends and green fleet initiatives. Breakout groups provided an intimate setting for information-sharing and best practices.

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Articlesby Cindy BrauerDecember 1, 2008

'Eco' Issues Top of Mind at Ford Advisory Board Meeting

Fleet professionals who form Ford’s Fleet Advisory Board participated in Eco-Driving training and tested the new EcoBoost engine, which, the automaker says, delivers V-8 performance to V-6 engines with better mpg.

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Articlesby Lauren FletcherDecember 1, 2008

Implementing Fuel Best Practices

One of the top three overall concerns for most commercial fleets, reducing fuel expense is a challenging issue. How are ideas to reduce fuel expense implemented, and what challenges must be overcome?

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