Fuel

A sharp decline in registrations of new trucks is taking the air out of what has been a remarkably robust period of growth in the size of the nation’s Class 8 fleet.

The U.S. average retail price of diesel fell 2.2 cents to $2.421 a gallon, according to the Department of Energy, as crude oil prices crept higher.

Trucks used in oil and gas fields are a breed apart from highway trucks, and the drivers who operate them need additional skills beyond those required of over-the-road truckers, executives in this sector said.

Before leaving town for Thanksgiving, House Speaker Paul Ryan reaffirmed his stance that federal regulators relax their rulemaking until the start of President-elect Donald Trump’s administration.

New Jersey’s bond rating was downgraded from “A” to “A-“ on Nov. 14 by S&P Global Ratings in the wake of the state’s massive fuel tax hike that became law last month.

Gasoline exports have risen above imports for three consecutive weeks as recurring pipeline outages and higher production levels by refiners caused Gulf Coast inventories to grow.

The U.S. average retail price of diesel fell 2.7 cents to $2.443 a gallon, according to the Department of Energy, as crude oil prices continued their slide since the presidential election.

Voters in Illinois and New Jersey approved lockboxes for transportation funding while those in Washington State rejected what would have been the nation’s first statewide carbon emissions tax.