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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.

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.

Oil fell as the market’s focus shifted from the shock of Donald Trump’s U.S. presidential election victory to questions about OPEC’s ability to rebalance crude supply and demand.

Oil losses eased as global markets weighed the implications of Republican Donald Trump’s election as the 45th U.S. president.

TravelCenters of America reported third-quarter income rose as revenue dipped amid gains in fuel volume, fuel gross margin, nonfuel gross margin and continued improvements in site level operating expense controls, it said. 

The U.S. average retail price of diesel dipped 0.9 cent to $2.470 a gallon, according to the Department of Energy.

On Oct. 31, a construction crew in Alabama triggered a massive explosion when a track-hoe struck the biggest fuel pipeline in the United States.

As crude prices continue to get dragged down by a global glut that shows no signs of abating, oil traders may find some profit by going to sea.