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Rising Fuel Taxes to Hit Three States; California Warned

While no specific tax increase is taking effect in California, at least two state lawmakers are raising alarm about a set of regulatory and business circumstances that could send pricing soaring.

December 2, 2024

Exxon Exec Says Oil Output Won’t Surge Despite Trump Agenda

Oil and gas producers in the U.S. will not raise output significantly in the coming years despite calls from President-elect Donald Trump to “drill, baby, drill,” said an Exxon executive.

November 26, 2024

Newsom, Musk Clash Over California EV Incentive Plan

Gavin Newsom is positioning California as a foil to Donald Trump’s policies, laying the groundwork for resistance on everything from deportations to regulation rollbacks.

November 26, 2024

Rivian’s $6.6 Billion Loan Advances EV Factory Timeline

The loan would come from the U.S. Energy Department’s Advanced Technology Vehicle Manufacturing program.

November 26, 2024

Diesel Price Rises 4.8¢ to $3.539 a Gallon

The U.S. average diesel price rose 4.8 cents to $3.539 per gallon, according to data from the U.S. Energy Information Administration for the week ending Nov. 25.

November 25, 2024

OPEC+ Has Little Room to Revive Oil Supply, Official Says

OPEC+ has little scope to reverse its oil production cuts, which have triggered a wave of rival supply from the U.S. shale industry, Iran’s representative to the group said.

November 25, 2024

BP Optimistic About US Energy Future Under Trump

BP Plc anticipates strong growth in the U.S. as President-elect Donald Trump improves regulations on the oil and gas industry just as artificial intelligence boosts energy demand.

November 25, 2024

California EV Rebates May Omit Tesla Models

Gov. Newsom's office told Bloomberg News that the current proposal includes market-share limitations that would exclude Tesla’s popular EV models.

November 25, 2024

California Pledges State EV Credit if Federal Subsidies End

California Gov. Gavin Newsom is promising to step in with a state electric-car tax credit if President-elect Donald Trump repeals a federal subsidy after he takes office next year.

November 25, 2024