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BYD’s Growth Slows as China’s Auto Price War Takes Its Toll

BYD Co. reported its weakest revenue growth in more than a year in a potential sign of the damage discounting has done in China, the world’s biggest auto market.

August 28, 2023

Marathon to Shut Third-Largest US Oil Refinery After Fire

Marathon Petroleum Corp. is in the process of shutting the third-largest oil refinery in the U.S. after a blaze at a storage tank.

August 25, 2023

Oil Production Boosts Government Income in New Mexico

SANTA FE, N.M. — Record-breaking oil production in New Mexico is likely to provide state government with a new multibillion-dollar surplus during the upcoming budget year.

August 24, 2023

Mullen Launches Production of Class 3 EV Truck

Mullen Automotive says its first Mullen Three, a Class 3 commercial electric truck, has rolled off the assembly line at the company’s plant in Tunica, Miss.

August 23, 2023

Two Tankers Collide in Egypt’s Suez Canal

CAIRO — Two tankers carrying oil products and liquefied natural gas collided in the Suez Canal, briefly disrupting traffic through the global waterway, Egyptian authorities said Aug. 23.

August 23, 2023

Volvo Offers Fleets a Leg Up on Charging Infrastructure

Volvo Trucks North America launched a program Aug. 22 it believes will smooth fleet owners’ road to the installation of electric truck charging infrastructure.

August 22, 2023

Diesel Price Increase Eases

The national average diesel price showed a modest gain after four straight weeks of accelerated increases, going up 1.1 cents to reach $4.389 a gallon.

August 21, 2023

Buc-ee’s Continues to Expand Beyond Texas

For many years, Buc-ee's had kept its footprint largely south of Houston, where it was based. Now, it seems, it intends to become a national force in the highway convenience store industry.

August 21, 2023

Georgia Tax Revenue Rises on Restarted Motor Fuel Taxes

Georgia’s reinstatement this year of motor fuel taxes helped the state collect 13.1% more revenue to reach nearly $2.5 billion in July compared with the previous year.

August 18, 2023