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Diesel Price Continues Climb, Rises 5.4¢ to $3.812 a Gallon

The national average diesel price increased for the third consecutive week, rising 5.4 cents a gallon to $3.812, according to U.S. Energy Information Administration data released July 22.

July 22, 2025

Chevron Gets Approval for $53 Billion Acquisition of Hess

Chevron has scored a critical ruling in Paris that has given it the go-ahead for a $53 billion acquisition of Hess and access to one of the biggest oil finds of the decade.

July 18, 2025

US to Impose 93.5% Tariff on Graphite From China

The Commerce Department imposed preliminary antidumping duties of 93.5% on Chinese imports of graphite, a key battery component.

July 17, 2025

Cheap US Biofuels May Lead to Beer, Meat Shortages in UK

A 1.4 billion-liter tide of cheap U.S. biofuels threatens to wipe out both of the U.K.’s domestic ethanol producers, and could affect British industries from meatpacking to making beer.

July 16, 2025

Diesel Price Nudges Up 1.9¢ to $3.758 a Gallon

The national average diesel price ticked up for the second straight week, rising 1.9 cents a gallon to $3.758, according to U.S. Energy Information Administration data released July 15.

July 15, 2025

Lucid’s CEO Warns of Price Hikes Even for American-Made Cars

The head of Lucid Group warned that President Donald Trump’s tariffs will drive up costs to build automobiles — even in the U.S.

July 14, 2025

Ford Recalls 850,000 Cars Due to Potential Fuel Pump Failure

Ford is recalling more than 850,000 of its cars because the low-pressure fuel pump inside the vehicles may fail — and potentially cause an engine stall while driving, increasing crash risks.

July 11, 2025

Transportation Panel Embraces ‘Back to Basics’ Highway Plan

Policymakers in the House of Representatives will prioritize traditional surface transportation projects when they kick off negotiations on a multiyear highway policy bill.

July 10, 2025

EIA Trims Forecast for 2025 US Crude Oil Output

The latest production forecast for this year represents a drop of about 50,000 barrels a day from the Energy Information Administration’s previous projections in June.

July 8, 2025

Ford Battery Plant Clears Hurdle With Tax Credit Win

A spokesperson said the Michigan facility is on schedule to open next year and will ultimately employ 1,700 workers as the company had projected when it downsized the project in late 2023.

July 8, 2025