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Oil prices closed over $129 for the first time Tuesday, as the U.S. House of Representatives passed legislation that would seek to subject OPEC oil producers to U.S. antitrust laws and investigate energy market manipulation
Read More →The national average price for a gallon of diesel fuel is up to $4.497, according to figures released Monday by the U.S. Energy Information Administration
Read More →News last week that the government would stop putting money into the Strategic Petroleum Reserve and that Saudi Arabia would boost oil output appeared to make no difference to commodities traders as crude oil hit new records Friday
Read More →The Associated Press reports that the Energy Department has canceled oil shipments into the Strategic Petroleum Reserve beginning in July when the current purchase contract expires
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Minnesota, which was the first state to mandate biodiesel, will increase the state's current 2 percent biodiesel mandate to 20 percent by 2015
Read More →The average retail price of a gallon of diesel fuel skyrocketed to $4.331, according to the Energy Information Administration's weekly report, while crude oil briefly passed a record $126 a barrel Monday
Read More →Crude oil hit a record $126 on the New York Mercantile Exchange Friday, almost double the price of a year ago, and analysts disagreed sharply last week on where oil prices are headed in the future
Read More →As crude oil prices soar to new records, the U.S. Department of Energy is predicting the price of a gallon of diesel will average close to $4 per gallon in 2008, and Democrats in the U.S. Senate are proposing measure
Read More →Last week's average retail price for a gallon of diesel fell nearly 3 cents from the previous week but was still $1.357 more than it was a year ago, and a new record for crude oil prices could send fue
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New York Assembly Republican Leader James Tedisco and the Assembly Republican Conference Wednesday called for relieving some of the pain at the pump by instituting a "summer holiday" from state fuel taxes
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