Diesel Surges 34.9¢ to All-Time Record $5.509 a Gallon
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.
May 2, 2022Biden’s Team Puts Up Over $3 Billion to Boost Battery Output
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.
May 2, 2022Gulf of Mexico Oil Drilling Makes Too-Little, Too-Late Comeback
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.
May 2, 2022Are You Overpaying for Fuel?
Fuel prices are high, but your company has worked hard to implement the right fuel program; you’ve negotiated discounts with retail chains and set up bulk and mobile fueling deals… right?
May 1, 2022A Practical Guide to Operating a Greener Class 8 Fleet
Going green isn’t just about electrification. It starts with smaller, more practical steps you can take today. Our practical guide includes both short-term strategies and long-term strategies to operating a greener fleet.
May 1, 2022Lordstown, Foxconn Delay Factory Sale Deadline to Mid-May
Lordstown Motors Corp. agreed to push back the deadline to sell its Ohio factory to Hon Hai Precision Industry Co Ltd., known as Foxconn, dragging out the closure of the vital partnership and offering no guarantee that it will get done.
April 29, 2022Despite Gains, Challenges Remain for Adoption of Alt-Fuel Trucks
Record-high diesel fuel prices are creating some painful sticker shock moments at the pump for truck lines and shippers. Yet, those rising costs aren’t necessarily driving a dramatic uptick in adoption of alternative-fueled vehicles in the Class 8 heavy-truck sector.
April 29, 2022Exxon Profits Surge
NEW YORK — Exxon Mobil reported $5.48 billion in net income during the first quarter as oil and gas prices rose steadily, more than doubling its profits compared with the same quarter last year.
April 29, 2022Top Democrats Push for FTC Crackdown on High Gas Prices
WASHINGTON — Citing growing worries about high gasoline prices, Democratic leaders announced an effort April 28 to give the Federal Trade Commission increased authority to crack down on companies that engage in price gouging.
April 28, 2022Nikola Sees Energy Transition in Arizona Desert
COOLIDGE, Ariz. — Several customers’ recently completed Nikola Tre Class 8 battery-electric trucks sat ready for delivery inside Nikola Corp.’s new assembly plant, a scene described by company executives as a watershed moment since the white cabover BEVs will generate 7-year-old Nikola’s first-ever quarterly revenue.
April 28, 2022