Fuel

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.

The Biden administration is considering triggering tougher anti-smog requirements that could curb drilling across parts of the Permian Basin, the world’s biggest oil field that straddles Texas and New Mexico.

WASHINGTON — A meeting with Energy Secretary Jennifer Granholm to discuss lowering gas prices and boosting domestic oil supplies was constructive, but did not produce a major breakthrough, groups representing the oil industry and refiners said June 23.