Fuel

The trucking industry needs to continue adopting electric technologies such as fuel cells in order to combat pollution, experts said April 14.

Five American governors are asking the Trump administration to waive U.S. biofuel-blending requirements, arguing the cost of complying with the mandates on top of coronavirus-spurred lockdowns pose a “severe economic harm” to the country.

Oil plunged to the lowest in two decades amid a record collapse in U.S. fuel demand and the biggest-ever weekly build in domestic crude supplies.

Saudi Arabia and other Gulf suppliers may have agreed to cut oil production again starting next month, but by all indications the taps are set to remain wide open until then — swelling stockpiles for at least a few more weeks.

Industry supplier Stemco has discontinued production of its TrailerTail product, which helped pioneer improved aerodynamics at the rear of the trailer.

The U.S. Energy Department is negotiating with nine companies to rent about 23 million barrels of oil storage capacity in its Strategic Petroleum Reserve as part of a Trump administration bid to help drain the country’s growing glut of crude.

Diesel fuel prices continued their steady downward slide April 13, according to the Energy Information Administration.

OPEC, Russia and other oil-producing nations on April 12 finalized an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes of boosting crashing prices amid the coronavirus pandemic and a price war, officials said.

Mexico says it has reached an agreement with the United States that will allow it to agree to a deal on production cuts with OPEC, Russia and other countries.

The nationwide average retail price of diesel fuel declined by almost 4 cents per gallon on April 6, knocking trucking’s main fuel more than 50 cents lower than the same time a year ago.