Fuel

The U.S. Export-Import Bank approved a plan April 14 that could yield a flood of financing for U.S. energy ventures, including wind and solar projects, battery manufacturing and terminals to sell LNG overseas.

U.S. retail sales picked up in March, helped by a surge in gas station receipts that masked mixed results in other large spending categories as consumers contend with decades-high inflation.

In an all-day virtual hearing, many of the roughly 140 parties commenting expressed support for the U.S. Environmental Protection Agency’s proposed new rule to tighten nitrogen oxides emissions. Others, however, either viewed the effort as a lost opportunity or attacked it as an overreach.

Three states are joining forces to create a regional hub to develop and produce hydrogen that will be used as a fuel and for manufacturing feedstock.

Amazon.com Inc. will charge businesses that sell products on its website a 5% fuel and inflation fee beginning April 28, according to documents reviewed by Bloomberg, a first for the company.

A Japanese electric-vehicle battery technology company will build a factory in Kentucky, creating 2,000 jobs in a $2 billion investment that reinforces the state’s leadership in battery production, Gov. Andy Beshear said April 13.

As electric vehicle sales take off, the number of them on the road is growing faster than the number of public charging points to support them.

President Joe Biden plans to allow expanded sales of higher-ethanol gasoline in an effort to lower fuel prices and counter the political blowback from them.

The national average price of diesel shed 7.1 cents to $5.073 a gallon, according to Energy Information Administration data released April 11.

Tesla Inc. will start production next year of three products that have fallen well behind Elon Musk’s original schedule, including the Semi.