Diesel: Cheaper than gasoline?

If you’re still smarting over last year’s outrageous diesel prices, you can take a little comfort in a prediction from the U.S. Department of Energy. The feds forecast diesel will average $2.19 over 2009, and $2.51 in 2010. “The expected continuing decline in diesel fuel consumption in the United States this year as well as the growing weakness in distillate fuel usage outside the United States are projected to result in a narrowing of refining ...

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Hurray for homebuilding, retail and manufacturing

  Martin Crutsinger of the Associated Press this week notes that five key economic areas show potential early signs of a turnaround, in spite of continuing signs of worsening problems.   Three of the five directly impact trucking: new homes, retail sales and durable goods. Each also was accompanied with a “reality check” reminding readers of the ongoing bad news, of which there is no shortage. The other two areas were existing home sales and Wall Street.   Looking ...

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When oil abounds, prices fall

Plug the low price of diesel and gasoline into the supply-and-demand formula, and it tells you supplies are plentiful. True enough, and they’re getting more plentiful by the day. U.S. commercial crude oil inventories jumped 6.2 million barrels from the previous week, almost twice what was expected, according to Wednesday’s report from the U.S. Energy Department. That’s thanks to the anemic world economy, which is requiring less energy. At this week’s NATSO Show 2009 in Nashville, truck ...

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