Fuel

LONDON — OPEC and allied oil-producing countries decided May 5 to gradually increase the flows they send to the world, even as Europe’s plan to sanction Russian oil threatens to yank millions of barrels off a global market already thirsty for crude.

TravelCenters of America Inc. reported first-quarter net income and revenue rose along with gross fuel margins.

With the traditional start of the busy summer driving season fast approaching, congressional leaders are taking aim at rising gasoline prices.

LAS VEGAS — As large corporations make bold pledges to achieve carbon neutrality in the coming decades, they are increasingly looking at their supply chains as an opportunity to make progress toward those goals.

The new Joint Office of Energy and Transportation has helped 44 states in the past two months with technical assistance as part of the White House’s $7.5 billion deployment to build a national electric vehicle charging network.

The overall life cycle of Class 8 zero-emission trucks would result in a net decrease in carbon dioxide emissions of just 30% compared with internal combustion engines despite the trucks having no direct tailpipe emissions, according to a just-released study by the American Transportation Research Institute.

Electric-pickup maker Rivian Automotive Inc. will receive $1.5 billion in state and local incentives to build a massive plant near Atlanta, bolstering the company’s production efforts despite local resistance to the project.

The national average price of diesel skyrocketed 34.9 cents to set an all-time record of $5.509 a gallon, according to Energy Information Administration data released May 2.

The Biden administration will spend more than $3 billion to support the domestic manufacturing of advanced batteries used in electric vehicles and energy storage, officials said May 2.

A new wave of oil platforms is sweeping into the U.S. Gulf of Mexico as crude prices are riding historic levels and demand for barrels is higher than ever.