Fuel

A leading trucking official said “there is definitely a shift going on” for the industry to address its critical shortage of technicians.

Oil traded near a seven-week high as supply risks from a storm in the Gulf of Mexico and falling U.S. stockpiles were countered by a weak market outlook from OPEC in 2020.

QuikQ, a provider of fuel payment solutions, announced Love’s Travel Stops and TravelCenters of America each has invested in the company, with TA providing about $20 million. The Love’s amount was not disclosed.

Day cabs — especially those with a high roof and pulling a box trailer — can qualify for SmartWay designation that signifies the equipment significantly lowers fuel use and reduces air pollution, the Environmental Protection Agency said.

Oil and natural gas producers in the Gulf of Mexico began evacuating workers and shutting in output as a storm gathers strength off the coast of Florida.

Canada’s oil-sands producers are offering to commit to shipping a certain amount of their crude by rail in return for the Alberta government raising its production limits.

Absent a settlement before EQT Corp.’s annual meeting in Pittsburgh on July 10, shareholders will decide between competing rosters of candidates for the board of directors.

The U.S. average retail price of diesel rose 1.3 cents to $3.055 a gallon, the Department of Energy reported July 8. Crude slid to less than $58 a barrel, then rebounded later in the week to just above $60.

Wrapping up an investigation begun four years ago, the California Air Resources Board announced July 1 it fined brewing company Anheuser-Busch $500,000 for medium- and heavy-duty trucks that violated the state’s air pollution laws.

Oil held above $57 a barrel as rising tension in the Middle East kept investors wary of potential supply disruptions. Futures were little changed in New York after rallying 2.2% since July 3.