Government

As the Connecticut General Assembly’s legislative session draws to a close, Gov. Ned Lamont released a working draft of an infrastructure funding proposal that lawmakers will rely on during a special session focused solely on transportation and economic development.

The U.S. average retail price of diesel dropped 1.2 cents to $3.151 a gallon, the Department of Energy reported. Concerns over demand and supply pushed oil below $59 a barrel, a level not seen since mid-March.

Tesla Inc. is getting close to revealing new prices for the Model 3 in China as it nears local manufacturing of the car.

BEIJING — Stepping up Beijing’s propaganda offensive in the tariffs standoff with Washington, Chinese state media on May 24 accused the U.S. of seeking to “colonize global business” with moves against Huawei and other Chinese technology companies.

A group of industry stakeholders is urging the Trump administration to take action to ensure adequate supplies of fuel for freight and air travel and home heating in advance of a change in the type of fuel the maritime industry will use beginning next year.

A senator key to infrastructure and trucking policy negotiations on Capitol Hill has proposed modernizing the country’s transportation grid via green-centric initiatives.

Texas is considering whether to impose additional registration fees on electric and hybrid vehicles, following nearly half the states that assess higher fees on battery-powered vehicles to compensate for lost gasoline taxes used to maintain roads and highways.

Shares in the world’s biggest shipping company slumped May 24 after its CEO started discussing the fallout of global trade tensions on his industry.

WASHINGTON — Orders to U.S. factories for large manufactured goods fell sharply in April, pulled down by lower demand for commercial aircraft and cars.

Two federal agencies are seeking public comment that would help in crafting regulations related to automated driving systems.