Gasoline prices in the U.S. have hit fresh peaks for the past 10 days, the longest run of consecutive records just as travel is expected to approach levels seen before the pandemic, according to auto club AAA.
May 19, 2022Search
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Diesel’s High Cost Due to Refining Capacity Shortage, Exports, Experts Say
With record-high diesel and gasoline prices across the country, oil industry analysts told Transport Topics the runaway energy market isn’t being caused exclusively by higher crude prices or the U.S. economy driving demand for petroleum products.
May 19, 2022California to Join $8 Billion Hydrogen Hub Race
California will seek some of the $8 billion President Joe Biden set aside for building hydrogen production hubs, joining a crowded race among states angling for the money.
May 18, 2022Supply Chain Woes Threaten Electric Grid
A vast swath of North America from the Great Lakes to the West Coast is at risk of blackouts this summer as heat, drought, shuttered power plants and supply chain woes strain the electric grid, according to a report.
May 18, 2022Europe’s Push to Cut Russian Gas Faces Race Against Winter
While Europeans bask in the warmth of spring, governments are in a race against winter.
May 18, 2022Region Results Mixed, Leading to 1¢ Diesel Drop Nationwide
The national average price of diesel dipped after a two-week surge, dropping 1 cent to $5.613 a gallon, the Energy Information Administration reported May 16.
May 16, 2022OPEC+ Ministers Say Pumping More Oil Wouldn’t Ease Gas Prices
Saudi Arabia’s energy minister said a dearth of refining capacity meant that gasoline and other oil products would remain expensive even if the world’s biggest exporters pumped more crude.
May 16, 2022Diesel, Gas Refining Capacity Too Low to Meet Demand
From record gasoline prices to higher airfares to fears of diesel rationing ahead, America’s runaway energy market is disquieting both U.S. travelers and the wider economy. But the chief driver isn’t high crude prices or even the rebound in demand: It’s simply too few refineries turning oil into usable fuels.
May 13, 2022Hyundai Expected to Announce $7 Billion EV Plant in Georgia
ATLANTA — South Korean automaker Hyundai Motor Group is expected to announce next week that it is building an electric vehicle plant near Savannah, Ga., according to a U.S. official familiar with the anticipated announcement.
May 13, 2022More Steps Needed to Reach Zero-Emission Future, Executives Say
LONG BEACH, Calif. — Top executives at some of the largest companies in trucking said many factors must come together before the industry can fully advance toward a zero-emission future.
May 12, 2022