WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline fell 3.5 cents last week to $2.871 per gallon as of June 19.
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.
CHICAGO, IL – According to BP's recently released Statistical Review of World Energy 2006, consumption of oil in the United States dropped 0.16% in 2005 from the year before, declining slightly from an average of 20.732 million barrels per day (mbpd) to 20.655 mbpd. Global consumption of oil, however, increased 1.3% from 2004 to 2005, climbing from 81.444 mbpd to 82.459 mbpd.
ATLANTA, GA – UPS' fleet of alternative-fuel trucks has hit a major milestone, traveling more than 100 million miles to deliver packages to homes and businesses. According to a company press release, the total mileage accumulated since 2000 now stands at 108 million miles, or the equivalent of circling the Earth more than 4,337 times or traveling from Earth to Venus four-and-a-half times.
WASHINGTON, D.C. --- During this week's “Meet the Press,” oil executives argued that the industry's record profits are required to maintain supply.