Fuel

NEW YORK — The OPEC oil cartel and allied producing nations decided June 30 to boost production of crude by an amount that will likely do little to relieve high gasoline prices at the pump and energy-fueled inflation plaguing the global economy.

BILLINGS, Mont. — The U.S. government this week is holding its first onshore oil and gas drilling lease auctions since President Joe Biden took office after a federal court blocked the administration’s attempt to suspend such sales because of climate change worries.

Gasoline demand in the U.S. shows signs of further softening just three weeks into the peak driving season, with near-record prices likely encouraging people to stay closer to home.

The entire U.S. and Canadian market of hundreds of thousands of simple medium-duty box trucks will come to embrace electrification, leading the way for other more complex medium-duty applications over the next decade as the industry pursues zero emissions, according to the North American Council for Freight Efficiency.

Higher gas taxes will sweep across pumps in several states on July 1 to drive fuel prices even higher.

Global road fuel demand will peak in five years, though it will be decades before shifts in consumption reshape transportation’s reliance on fossil fuels, according to a report from BloombergNEF.

The U.S. Energy Information Administration has released updated gasoline prices but delayed its weekly release of national diesel prices for the second week in a row June 27.

To test the use of liquid hydrogen in a commercial vehicle fuel cell, Daimler Truck announced it is putting a prototype heavy-duty truck and filling station into operation in Germany.

Wisconsin’s new emergency order to stop gas and diesel price gouging is among the latest moves by several governors to lessen the impact of rising fuel prices.

CAMARILLO, Calif. — The average U.S. price of regular-grade gasoline fell by 4 cents per gallon in the past two weeks to $5.05 for regular grade, it was reported June 26.