Oil Industry News

  BIO DIESEL MANDATE

Effective May 1st 2010 , all diesel fuel for on road use sold in Pennsylvania will become a 2% bio-diesel blend. Act 78 of 2008, provides that when in state production of biofuel reaches 40 million gallons annually, on road diesel consisting of a 2% bioblend will be mandatory. The threshold reaches mandatory 5% when Pennsylvania production reaches 100 million gallons annually.

Bio diesel consumers indicate that biofuel actually cleans the inside of the vehicles tank and an increase of filter changes may occur at first. Additionally, Talley Petroleum Enterprises Inc. recommends all on-road diesel customers use the winter additive when the time comes.

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Oil industry experts are predicting crude oil prices to average between $90.00 and $110.00 per barrel in 2012.

Talley Petroleum Enterprises Inc. will continue to offer customers several different pricing plans which help to reduce or eliminate the volatility of oil prices.