Fuel

Oil rose to the highest price in more than 2 1/2 years as prospects of an imminent flood of crude exports from Iran and other major producers waned while the International Energy Agency warned of a deepening supply crunch.

BOISE, Idaho — Airport officials facing jet fuel shortages are concerned they’ll have to wave off planes and helicopters that drop fire retardants during what could be a ferocious wildfire season, potentially endangering surrounding communities.

SILVER SPRING, Md. — Electrify America, an electric vehicle charging network funded with money paid by Volkswagen as punishment for its emissions cheating scandal, said it plans to more than double its number of charging stations throughout the United States and Canada.

Battery maker SES Holdings Pte has agreed to go public by merging with Ivanhoe Capital Acquisition Corp. in a deal that will value the combined company at about $3.6 billion.

The national average price for a gallon of diesel rose seven-tenths of a cent to $3.338 a gallon, the Energy Information Administration reported July 12.

A leading private carrier and a tier one supplier recently each announced additional sustainability goals.

Helsinki-based Neste Corp. announced its renewable diesel brand, Neste MY Renewable Diesel, is the first to receive the industry’s Top Tier Diesel Fuel certification for its quality and performance.

The European Union is set to propose a switch to zero-emission vehicles and boost its renewable energy target in an unprecedented push to align its economy with more ambitious climate targets.

Stellantis CEO Carlos Tavares said that by 2025, 98% of its models in Europe and North America will have fully electric or plug-in gas-electric hybrid versions.

The Virginia Department of Transportation on July 7 introduced a new feature to help drivers locate electric vehicle charging stations.