May Construction Climbs Higher

At a seasonally adjusted annual rate of $495.7 billion, new construction starts in May advanced 5 percent from the previous month, according to McGraw Hill Construction, a division of McGraw Hill Financial. Much of the upward lift came from nonresidential building, which registered moderate growth for the second month in a row after its sluggish performance at the outset of…

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Diesel to Surpass Gasoline Transportation Fuel

Diesel is going to remain the “dominant” growth fuel in transportation for several decades to come, according to U.S. and international energy and transportation experts. ExxonMobil stated that diesel will surpass gasoline as the number-one global transportation fuel by 2020. Diesel will account for 70 percent of the growth in demand for all transportation fuels through the forecast period to…

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