Fuel

A new government report says gas mileage for new vehicles dropped and pollution increased in model year 2019 for the first time in five years.

The U.S. didn’t import any Saudi crude the week of Dec. 28 for the first time in 35 years, a reversal from just months ago when the Kingdom threatened to upend the American energy industry by unleashing a tsunami of exports into a market decimated by the pandemic.

Exxon Mobil Corp. released emissions data on customers’ use of its petroleum products for the first time after coming under pressure from investors.

The last days of 2020 and the first few of 2021 continued the same trend, with diesel prices rising nationwide.

Saudi Arabia urged caution as OPEC+ gathered to discuss whether to hike supply again in February, with many countries wary of undermining a fragile recovery.

As the COVID-19 pandemic stretches into 2021, the trucking industry will continue to address coronavirus-related challenges while confronting issues that existed long before most people had ever touched a face mask.

Oil advanced with support from a weaker dollar and expectations of declining U.S. crude inventories.

The U.S. average retail price of diesel rose 1.6 cents to $2.635 a gallon and notched a new nine-month high after first reaching that peak a week earlier, the Energy Information Administration reported Dec. 28. The average price of diesel was $2.659 on March 23.

A brief rally in crude oil deflated Dec. 28 as investors ignored a broader market surge that pushed equities to an all-time high and focused instead on looming new supply from OPEC+.

Volkswagen AG CEO Herbert Diess said cash-rich technology giants invading the auto industry pose a much bigger challenge for the German manufacturer than traditional rivals like Toyota Motor Corp.