Fuel

The price of diesel remained essentially flat the past week, dipping one-tenth of a cent to $2.427 a gallon, the Energy Information Administration reported Aug. 17.

The Trump administration on Aug. 17 took another step to opening Alaska’s Arctic National Wildlife Refuge to drilling for oil and gas, potentially fulfilling a decadeslong dream for Republicans.

The relentless rally in Tesla Inc. shares has driven its valuation close to the consumer product behemoth Procter & Gamble Co. as investors bet on the electric vehicle maker’s ability to dominate the automotive market of the future.

Penske Truck Leasing announced that dedicated fleet services company Black Horse Carriers has joined its electric vehicle program.

Oil fell below $42 a barrel in New York as OPEC+ gathered to assess its supply deal, with countries struggling to contain the virus that has hurt economies and fuel demand globally.

California’s South Coast Air Quality Management District has approved the first installment of $27 million in a program that ultimately will provide up to $90 million to replace higher-polluting Class 8 trucks and port drayage trucks with zero-emission vehicles.

Navistar announced its NEXT eMobility business unit will be located in a new facility in Rochester Hills, Mich.

The U.S. seized four tankers carrying Iranian gasoline bound for Venezuela in an unprecedented move by the Trump administration that carries the potential to destabilize global oil shipments if Iran retaliates.

Oil is poised to post a second straight weekly gain, buoyed by an improving global economic picture and rising U.S. gasoline demand.

ExxonMobil announced an agreement with Global Clean Energy Holdings to purchase 2.5 million barrels of renewable diesel per year for five years.