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Truck Makers Launch Zero-Emission Infrastructure Coalition

A coalition of truck manufacturers is launching a joint initiative to work with stakeholders to accelerate construction of charging infrastructure for medium- and heavy-duty ZEVs.

January 30, 2024

Diesel Price Increase of 2.9¢ Lifts National Average to $3.867

The diesel price pendulum has swung forward this week with a 2.9-cent national average increase, according to data released Jan. 29 by the Energy Information Administration.

January 30, 2024

Europe’s Diesel Supply Chain Threatened by High Freight Costs

A surge in shipping costs due to turmoil in the Red Sea is pressuring Europe’s diesel supply chain, contributing to a sharp jump in fuel prices.

January 26, 2024

Biden Freezes Approvals of New Licenses for LNG Exporters

The Biden administration on Jan. 26 halted the approval of new licenses to export U.S. liquefied natural gas — a moratorium likely to disrupt plans for billions of dollars in projects.

January 26, 2024

Daily Fuel Tanker Costs Eclipse $100,000 for Some in Red Sea

Some oil tanker earnings have soared above $100,000 a day as the disruption of shipments through the Red Sea persists.

January 25, 2024

Hydrogen Company Plug Power Closes In on $1.6 Billion Loan

Plug Power Inc. surged the most in three years after the hydrogen company said it’s getting close to finalizing a $1.6 billion loan from the U.S. Energy Department.

January 23, 2024

Red Sea Chaos Starting to Impair Profits Across Industries

With the Red Sea crisis roiling shipments of everything from cars to energy, it’s a matter of time before soaring costs and supply chain strains show up in companies’ earnings reports.

January 23, 2024

Diesel Price Sheds 2.5¢ a Gallon to $3.838

The national average diesel price fell for the third time in the first four reporting periods in January, dipping 2.5 cents to reach $3.838 a gallon, according to Energy Information Administration data for the week ending Jan. 22.

January 22, 2024

USDA Awards $8.8 Million in Grants to Expand Biodiesel Sales

Nearly half of $18.89 million in U.S. Department of Agriculture biofuel grants recently awarded to 22 states will be funneled to projects that increase biodiesel storage, distribution and dispensing.

January 22, 2024

Pennsylvania Diesel Tax Drops 4.4¢, Still Among Highest in US

Pennsylvania truckers are paying slightly less for diesel this year, thanks to lower average wholesale fuel prices last year that led the state to drop the motor fuel tax rate.

January 22, 2024