Fuel

The U.S. average retail price of diesel dropped 2.1 cents to $3.049 a gallon, the Department of Energy reported Dec. 9.

Germany has pulled ahead of Norway for sales of all-electric cars since the start of the year, putting Europe’s biggest auto market in position to become the regional leader on an annual basis for the first time.

The introduction of electric-powered commercial trucks continued to gain momentum in 2019 with more investment, more prototypes unveiled and more deployments in real-world freight operations. Read our Special Report.

The OPEC oil-producing countries and ally Russia said Dec. 6 they have agreed to cut their crude production by an extra 500,000 barrels a day as they try to support global energy prices.

WASHINGTON — The Trump administration rushed to exempt glider trucks from clean air rules without conducting a federally mandated study on how it would impact public health, the Environmental Protection Agency’s inspector general said Dec. 5.

DUBAI, United Arab Emirates — Saudi Arabian oil company Aramco on Dec. 5 set a share price for its IPO — expected to be the biggest ever — that puts the value of the company at $1.7 trillion, more than Apple or Microsoft.

Toyota Motor Corp. has a problem with selling its hybrids — it can’t get enough of them.

General Motors Co. and its battery partner, South Korea’s LG Chem Ltd., will jointly invest $2.3 billion in a new electric vehicle battery plant to be built in Lordstown, Ohio, the same city where the automaker controversially idled and then sold a 53-year-old compact-car factory.

California’s rebate program to coax more drivers to buy electric vehicles just got less generous, especially for those looking to spend on a luxury model.

White House economic adviser Larry Kudlow is developing a new plan to bolster biofuel-blending requirements after ethanol allies in politically important farm states complained the current proposal doesn’t do enough to compensate for waivers exempting some small refineries from the mandates.