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June Fuel Update: Prices Continue to Fall
While prices have continued to decline for four straight weeks, the next weeks don't look as promising.
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SEARCHMENUSEARCHWhile prices have continued to decline for four straight weeks, the next weeks don't look as promising.
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WASHINGTON, D.C. – The Department of Energy (DOE) has published a proposed rule to implement section 514 of the Energy Policy Act (EPAct) of 1992, as amended by section 703 of the EPAct of 2005, which allows states and alternative-fuel providers to meet a petroleum reduction requirement in lieu of acquiring alternative-fueled vehicles (AFVs) as mandated by EPAct 1992, according to the National Association of Fleet Administrators (NAFA).
Read More →WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline dipped 0.2 cent last week to $2.869 per gallon as of June 26.
Read More →WINDSOR, Conn. --- A growing number of state governments have adopted initiatives aimed at promoting use of biodiesel fuel, according to a report in the Windsor Journal.
Read More →LANSING, Mich. --- Michigan state senators this week voted to lower the state tax on ethanol-blended fuel from 19 cents to 12 cents a gallon. The bill also requires that the biodiesel fuel tax drop from 15 cents to 12 cents a gallon.
Read More →DETROIT --- Ford Motor Co. said this week the company will not meet its previously announced goal to build 250,000 gas-electric vehicles by the end of this decade.
Read More →LOS ANGELES – The Internal Revenue Service has acknowledged the certification by Ford Motor Company that several of its 2007 vehicles qualify for the Alternative Motor Vehicle Credit created by the Energy Policy Act of 2005.
Read More →CHICAGO – Gov. Rod R. Blagojevich has signed House Bill 4782 into law, which prevents stationary diesel vehicles of more than 8,000 lbs. from idling for more than 10 minutes in the Chicagoland area and in the St. Louis Metro-East Region.
Read More →SPARKS, MD - PHH FirstFleet, the recently formed truck group combining PHH Arval and First Fleet Corp., is conducting an 18-month fuel economy study utilizing PHH Onboard telematics technology. The study is being conducted across the United States under normal operating conditions in various terrains and climates.
Read More →NEW YORK – The American Jewish Committee (AJC) is offering its employees across the United States an incentive to purchase or lease fuel-efficient, environmentally friendly vehicles. AJC's Fuel-Efficient Vehicle Bonus Program is believed to be the first offer of its kind to employees of any non-profit organization in the United States.
Read More →LANSING, MI – On June 20, the Michigan House Committee on Transportation approved House Bill 6031, legislation requested by the Truck Renting & Leasing Association (TRALA) that would extend indefinitely the state's moratorium on enforcement of the lessor/lessee fuel tax joint and several liability law.
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