Fuel

LONDON — British oil giant BP said Jan. 17 its interim chief executive, Murray Auchincloss, will be given the job on a permanent basis to replace Bernard Looney.

The CEOs of two leading freight carriers said they expect Red Sea threats to disrupt shipping for weeks or months longer.

The global LNG tanker fleets appear to have stopped using the Red Sea and Suez Canal, as continued Houthi attacks on ships reroute flows of the power-station and heating fuel.

The national average diesel price rose for the first time in 2024, climbing 3.5 cents to $3.863 a gallon, according to Energy Information Administration data for the week ending Jan. 15.

Classes 5-8 electric truck maker Xos obtained a $48.5 million capital infusion from serial e-mobility investor ElectraMeccanica, the companies said.

BALTIMORE — Maryland will use its share of $623 million in federal funding to develop 58 EV charging stations, some of which would be located in disadvantaged communities.

California drivers will experience worse highway and road conditions due to lost diesel and gasoline tax revenue in state coffers, according to legislative analysts.

In a slap to California, Ohio has a law taking effect in March banning agencies from adopting that state's emissions regulations and protecting the sale and use of diesel and gas vehicles.

WASHINGTON — The Biden administration is awarding $623 million in grants to help build an electric vehicle charging network across the nation.

California Gov. Gavin Newsom has proposed significant cuts to clean energy and transportation programs designed to help the state confront the worsening effects of climate change.