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The U.S. Department of Energy has raised its oil and diesel price forecasts. The DOE's Energy Information Administration expects the price of West Texas Intermediate crude oil to average about $83 per barrel this winter
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The International Energy Agency predicts that global demand for energy could lead to another oil price spike, unless more is done to use energy more efficiently. The IEA report predicts oil prices will average $113 a barrel (in year-2009 dollars) by 2035 and could go as high as $135 a barrel
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The average price of a gallon of diesel jumped nearly a nickel as crude oil prices hit a new two-year high
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Crude oil prices hit a six-month high Tuesday, as the value of the dollar dropped against major currencies and there was widespread expectation that the Federal Reserve will announce new measures to stimulate the economy
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The national average price of a gallon of diesel was unchanged from last week, according to weekly figures from the U.S. Department of Energy
Read More →Innovation and strong partnerships are crucial to meet rising global energy demand at a time when there is growing pressure to lower carbon emissions to combat the risks of climate change, Andy Swiger, senior vice president of Exxon Mobil Corp
Read More →The average price of diesel dropped last week for the first time in a month, according to weekly figures released Monday by the U.S. Department of Energy
Read More →The national average diesel price posted a seven-cent gain on Monday, hitting $3.073 per gallon as the Department of Energy released its weekly energy survey
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With the United States moving to implement stronger environmental and fuel economy standards and expand the use of renewable fuels, clean diesel fuel is "poised to take on an even greater role in the U.S. transportation market," according to a newly-released Hart Energy Consulting report
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The Department of Energy predicts diesel prices will average near $3 for the year and will be higher next year, while crude oil prices are expected to be slightly higher this winter than last
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