Fuel

Mack Trucks reported its first fully electric Class 8 vehicle, the LR model, is in serial production at Mack’s Lehigh Valley Operations facility in Macungie, Pa.

Ford Motor Co.’s surging stock has given it a market value greater than rival General Motors Co. for the first time in more than five years.

Mexico plans to end crude oil exports in 2023 as part of a strategy by the nationalist government of Andres Manuel Lopez Obrador to reach self-sufficiency in the domestic fuels market.

The national average price for a gallon of diesel continued on its downward trend as the end of the year approaches, dropping another 1.1 cents to $3.615 in the Dec. 27 weekly report provided by the Energy Information Administration.

Canada plans to formally join Mexico in calling for an arbitration panel to resolve a dispute with the U.S. over how to interpret rules governing the origin of vehicle parts.

The U.S. Energy Department awarded a second batch of crude oil from the strategic reserve to Marathon Petroleum Corp. as part of the Biden administration’s effort to lower energy costs.

ExxonMobil Corp. said it will adjust its rates following a Dec. 23 fire at its Baytown, Texas, refinery that injured four people.

Commercial vehicle manufacturers Daimler Truck, Traton Group and Volvo Group announced they signed a binding agreement to create a joint venture to install and operate a high-performance public charging network for battery-electric, heavy-duty longhaul trucks and coaches across Europe.

The U.S. government has authorized Petroleos Mexicanos’ bid to take over Royal Dutch Shell Plc’s Deer Park refinery, according to Mexico President Andres Manuel Lopez Obrador.

State Environmental Protection officials adopted Advanced Clean Truck rules Dec. 20 that would make New Jersey the first East Coast state to require phasing in of electric commercial trucks to reduce air pollution and the diseases it causes.