N.J. Gasoline Tax to Drop 1 Cent on Better-Than-Forecast Demand
New Jersey is cutting an automotive fuel tax by 1 cent per gallon after consumer demand was higher than projected, state Treasurer Elizabeth Muoio announced.
August 29, 2022Diesel Supply Below Average in Northeast
PORTLAND, Maine — Diesel and heating oil supplies in the Northeast are more than 50% below the recent average, raising concerns that an extreme weather event could cause supply disruptions, federal officials said.
August 29, 2022LG-Honda Joint Venture to Make EV Batteries
TOKYO — Major South Korean battery maker LG and Japanese automaker Honda are investing $4.4 billion in a joint venture in the United States to produce batteries for Honda electric vehicles in the North American market, the two companies said Aug. 29.
August 29, 2022Biden Administration Urges Fuel Export Cuts to Restock Northeast
The Biden administration is warning refiners that it may take “emergency measures” to address fuel exports as stockpiles of gasoline and diesel fuel remain near historically low levels in the Northeast.
August 26, 2022Diesel Pinch Looms as World Seeks Relief From Pricey Natural Gas
The global diesel market looks set to get even tighter as power generators and industrial users seek relief from surging natural gas prices.
August 26, 2022Hyliion Acquires Generator Technology From GE Additive for $37 Million
Hyliion Holdings Corp., a provider of electrified powertrain solutions for Class 8 semi-trucks, announced it entered into a definitive agreement to acquire a new fuel-agnostic generator, the Karno, from GE Additive, a unit of GE.
August 26, 2022California Moves Toward Phasing Out New Gas-Fueled Vehicles
SACRAMENTO, Calif. — California plans to require all new cars, trucks and SUVs to run on electricity or hydrogen by 2035 under a policy approved Aug. 25 by regulators that seeks a dramatic cut in carbon emissions and an eventual end to gasoline-powered vehicles.
August 25, 2022Tesla Split Will Struggle to Feed $280 Billion Rally
After a $280 billion rally since late May, Tesla Inc. is using a trusted method for fueling further gains — a stock split. It may not pan out like that.
August 25, 2022Stakeholders See Opportunity in IRA Clean Truck Measures
Trucking stakeholders see early potential for the industry in clean-air provisions included in the Inflation Reduction Act — mostly as it relates to boosting adoption of zero-emission trucks — but success hinges on how those aspects of the law are ultimately implemented.
August 25, 2022Arrival Set Out to Beat Google, Got Stuck at the Starting Line
When Arrival, the primarily U.K.-based electric van and bus maker, was preparing to go public via a blank-check deal early last year, its ambition seemingly knew no bounds.
August 25, 2022