Fuel News

About Fuel News...

Transport Topics fuel coverage looks closely at what powers trucks. From the latest on battery, diesel and alternative fuel technology to the costs and prices associated with each, this news category covers today’s fuel ecosystem extensively. Topics include green house gas regulation, fuel prices, equipment costs, fuel infrastructure, surcharge and more.

GovernmentBusinessFuel

Schumer Wants FTC to Examine Exxon, Chevron Acquisitions

Senate Majority Leader Chuck Schumer is urging the Federal Trade Commission to look into whether Exxon Mobil and Chevron’s proposed oil and gas acquisitions could violate antitrust laws.

November 1, 2023
BusinessFuel

BP Profit Misses Estimates on Weak Gas Trading

BP Plc’s third-quarter profit rebounded from the prior period but fell short of estimates as weak results in gas marketing offset a strong performance in oil trading.

October 31, 2023
GovernmentFuel

Diesel Price Drops 9.1¢ to $4.454 a Gallon

The national average diesel price fell by nearly the same amount it increased a week ago, shedding 9.1 cents to $4.454 a gallon, according to Energy Information Administration data released Oct. 30.

October 30, 2023
BusinessFuelLogisticsPrivate

ADM Strikes Supply Deal for US Plant-Based Chemical Factory

Archer Daniels Midland Co. has agreed to supply biochemical maker Solugen Inc. with raw materials needed to make plant-based acids at a plant to be built in southwest Minnesota.

October 30, 2023
BusinessFuel

Haslams, Buffett Tangled in Accounting Spat Over Pilot

The Haslam family says majority owner Berkshire Hathaway is trying to artificially depress Pilot Travel Centers' value to lower the price it has to pay to get the remaining 20% of the company. 

October 27, 2023
GovernmentBusinessTechnologyFuelLogistics

Ports Consider Digitization Strategies to Track Cargo

AURORA, Colo. — Ports and shippers are exploring ambitious port digitization and tracking system projects that allow stakeholders across the supply chain to track cargo in real time.

October 26, 2023
BusinessEquipmentFuelLogistics

Congestion Cost Trucking a Record $94.6 Billion in 2021

Snarled traffic added $94.6 billion in costs to the trucking industry in 2021, up from $74.5 billion in 2016, according to a study by the American Transportation Research Institute.

October 25, 2023
BusinessTechnologyEquipmentFuel

Honda Halts Plans With GM to Develop Smaller EVs

Honda Motor Co. is shelving plans to jointly develop affordable electric vehicles with General Motors Co. due to a changing business environment, CEO Toshihiro Mibe said.

October 25, 2023
GovernmentBusinessTechnologyFuel

EV Battery-Recycling Pioneer Li-Cycle Pauses Construction

Li-Cycle Holdings Corp., which is in line for $375 million in federal funding, announced it would pause construction on a first-of-its-kind lithium-ion-battery recycling plant.

October 23, 2023
GovernmentFuel

Diesel Price Rises 10.1¢ to $4.545 a Gallon

The national average price for a gallon of diesel climbed 10.1 cents to $4.545 a gallon after a recent downswing, according to Energy Information Administration data released Oct. 23.

October 23, 2023