DOE Lowers 2010 Diesel Forecast to Below $3 a Gallon
Article summary
Key quote
DOE said its outlook includes preliminary estimates of production reductions resulting from a 6-month deepwater drilling moratorium announced by Interior Secretary Ken Salazar on May 27, following April’s explosion at a BP oil platform and subsequent oil leak into the Gulf of Mexico that has yet to be contained.
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- Department of Energy says diesel will fall this year but will go up next year
Key quote
DOE said its outlook includes preliminary estimates of production reductions resulting from a 6-month deepwater drilling moratorium announced by Interior Secretary Ken Salazar on May 27, following April’s explosion at a BP oil platform and subsequent oil leak into the Gulf of Mexico that has yet to be contained.
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This makes a lot of sense......much too easy for govenment use!!!!
The politicians and other idiots will probably want to spend $Millions/Billions and more for a panel of engineers to study the problem, and then most likely won't find the simple solution these guys have....
Click here for video link
Gasoline and Fuel prices dropping...one can only hope!
Gasoline, Diesel Prices Drop
from Transport Topics Online
May 24,2010
Article summation: The Department of Energy says gas prices are dropping.
Key Quote from article:
"The average price for a gallon of gasoline fell 7.8 cents to $2.786, DOE said in its weekly report. That is 35 cents lower than a year earlier."
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Initial Jobless Claims Fall for Week
- Claims by jobless people went down 10,000
- The statistics were compiled by the Labor Department
To read the article click here
FHWA Launches Congestion-Tracking Tool
- FHA is monitoring congestion points on roads
- Freight Performance Measurement Tool will help truckers and government
"FPMweb, uses truck speeds from satellite data to measure congestion along significant freight routes."
To read more click HERE
Heavy-duty truck net orders continue to strengthen
- 91% percent increase in orders for trucks from last year at this time
- Both medium and heavy duty truck segments are showing strong signs of recovery
Key quote from article:
“From top to bottom, April was a healthy month for the Class 8 segment, at least in relative terms,” says Kenny Vieth, partner and senior analyst with ACT.
To read more click here
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