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Fuel

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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NewsNovember 29, 2008

OPEC Opts to Delay Output Decision

CAIRO, Egypt --- OPEC has postponed a decision on whether to cut production again this year, Bloomberg reported. OPEC will take any "additional action" needed to stabilize the market at a summit in Oran, Algeria, on Dec. 17.

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NewsNovember 29, 2008

Average Gasoline Price Plummets Below $2

WASHINGTON, D.C. --- For the tenth week in a row, average gasoline prices fell in all regions of the country and for the first time since March 7, 2005, the U.S. average price for regular gasoline fell below $2 a gallon.

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NewsNovember 29, 2008

Gasoline Averages $1.835 a Gallon

HOUSTON --- Gasoline prices dropped a penny overnight to a national average of $1.835 a gallon for self-serve regular, according to data from the American Automobile Association, the Oil Price Information Service and Wright Express.

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NewsNovember 28, 2008

Average Diesel Price Falls to $2.66 a Gallon

WASHINGTON, D.C. --- The U.S. average price for diesel fuel fell 14.5 cents to $2.664 per gallon, the lowest price since March 5, 2007 and 78 cents lower than the price a year ago, the Energy Information Administration reported on Nov. 26.

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NewsNovember 24, 2008

Crude at $52.87 in Today's Trading

SIOUX FALLS, SD --- Light, sweet crude for January delivery climbed on Monday nearly 6 percent, or $2.94, to $52.87 a barrel on the New York Mercantile Exchange, the Associated Press reported.

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