Fuel

Routine fuel tax increases take effect July 1 in California, Illinois, Indiana, Missouri and Virginia, while an effort to boost fuel taxes and fees on EVs is causing controversy in New Jersey.

The national average diesel price extended its downward movement, shedding 3.2 cents a gallon to $3.726, according to Energy Information Administration data released June 3.

FRANKFURT, Germany — Saudi Arabia and allied oil producing countries on June 2 extended output cuts through next year, a move aimed at supporting slack prices.

U.S. diesel demand plummeted to its lowest seasonal level in 26 years in March, driven by slowing economic growth.

Hertz Global Holdings is exploring options to raise financing weeks after the company’s new CEO pledged to get it back on track following a failed bet on electric vehicles, according to people with knowledge of the matter.

OPEC+ is pressing on with informal talks aimed at finalizing an agreement on oil output cuts this weekend, officials said.

The American Transportation Research Institute Board of Directors has approved a diverse set of 2024 research priorities designed to address some of the trucking industry’s most critical issues.

Daimler Truck North America CEO John O’Leary says the scarcity of charging infrastructure continues to constrain the pace of the industry's adoption of battery-electric trucks.

Alternative power supplier Greenlane expects to have up to 20 sites lined up for development by the end of 2025, according to CEO Patrick Macdonald-King.

WASHINGTON — Senate Majority Leader Chuck Schumer and 22 other Democratic senators are calling on the Department of Justice to “use every tool” at its disposal to prevent and prosecute alleged collusion and price-fixing in the oil industry.