Fuel

Gradually phasing out diesel fuel sales in Portland, Ore., is among 43 climate change actions before the City Council’s second public hearing and vote slated for Aug. 24.

The national average price of diesel dropped to less than $5 a gallon for the first time since March, falling 14.5 cents to settle at $4.993, according to Energy Information Administration data released Aug. 8.

Medium-duty electric commercial vehicles from box trucks to specialty applications are anticipated to play a large role as regulators and businesses turn to axing greenhouse gas and carbon emissions in the years ahead.

American Trucking Associations President Chris Spear said the trucking industry continues to show resilience despite challenges in the U.S. economy, marked by two straight quarters of negative gross domestic product and interest rate hikes by the U.S. Federal Reserve that aim to slow decades-high rates of inflation.

Legislation that aims to reduce emissions at commercial ports and freight corridors is topping Senate Democrats’ legislative priorities ahead of the upcoming congressional summer recess.

Yard truck maker Orange EV announced Aug. 4 that it has secured $35 million from S2G Ventures — its first large outside investor.

TravelCenters of America Inc. reported second-quarter net income more than doubled and revenue soared amid favorable fuel purchasing conditions.

The OPEC oil cartel and its allies decided Aug. 3 to boost production in September by a much slower pace than in previous months at a time of high gasoline prices and unstable energy supplies exacerbated by Russia’s war in Ukraine.

Automakers including Ford Motor Co., General Motors Co. and Toyota Motor Corp. are making a last-ditch lobbying push to change Democrats’ proposed new spending bill over concern that they stand to lose out from strict new limits on electric vehicle credits.

Nikola Corp. shareholders approved a measure to issue new shares to potentially raise capital, a move that founder and former chair Trevor Milton had opposed.