Fuel

Indiana motorists will be paying a total of 74.5 cents in taxes for each gallon of gasoline they purchase in May — the highest amount in Indiana history.

DETROIT — Tesla reported April 20 that its first-quarter net earnings were more than seven times greater than a year ago, powered by strong sales despite global supply chain kinks and pandemic-related production cuts in China.

MONROE, Ga. — Opponents trying to derail a $5 billion, 7,500-job Rivian electric truck plant in Georgia dominated a state meeting April 18 that was meant to gather suggestions on how to design the plant to mitigate any impact on the environment.

Climate-friendly diesel produced from animal fats and cooking oils is suddenly a booming business as fossil-fuel giants such as Exxon Mobil Corp. and Chevron Corp. race to cut their emissions and take advantage of incentives.

Russia’s invasion of Ukraine has set off a global scramble for diesel, prompting buyers around the world to snap up massive volumes of fuel from the U.S. Gulf Coast despite high prices.

Plug Power Inc.’s bid to become a major supplier of carbon-free hydrogen just won the backing of one of the company’s oldest customers: Walmart Inc.

The national average price for diesel resumed its upward course, rising 2.8 cents to $5.101 a gallon, according to Energy Information Administration data released April 18.

PROVIDENCE, R.I. — Twitter said April 15 that its board of directors has unanimously adopted a “poison pill” defense in response to Tesla CEO Elon Musk’s proposal to buy the company for more than $43 billion and take it private.

The trucking industry urged federal regulators to consider how a proposal to tighten emissions limits on engines will affect motor carriers, as they’re the ones who will ultimately deploy the equipment subject to the new rules.

Elon Musk has made a controversial offer to buy Twitter Inc., saying the company has extraordinary potential and he is the person to unlock it.