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President Joe Biden announced the drawdown of an additional 15 million barrels of oil from U.S. emergency reserves, as well as what he called a “ready and release plan” aimed at driving down gasoline prices.

The Biden administration is moving toward a release of at least another 10 million to 15 million barrels of oil from the nation’s emergency stockpile in a bid to balance markets and keep gasoline prices from climbing further.

The national average price of diesel climbed 11.5 cents to $5.339 a gallon, marking the second straight double-digit increase after five straight weeks of declines, according to Energy Information Administration data released Oct 17.

California Gov. Gavin Newsom has established a broad statewide alliance to apply for a stake of $7 billion in federal grants earmarked for national hydrogen hubs rather than forming regional partnerships with other governors.

Nikola Corp. founder Trevor Milton was convicted of fraud Oct. 14 for misleading investors in the electric truck company.

A five-day unannounced hazardous materials and dangerous goods inspection special enforcement effort in June netted 1,774 violations in the United States and Canada, the Commercial Vehicle Safety Alliance reported Oct. 12.

Senate Republicans critical of President Joe Biden’s policies and prices at the pump are pressing the administration on economic relief and to focus on domestic oil and gas production.

DUBAI, United Arab Emirates — Saudi Arabia said Oct. 13 that the U.S. had urged the kingdom to postpone a decision by OPEC and its allies — including Russia — to cut oil production by a month.

TOKYO — A new electric car company that brings together two big names in Japanese business, Honda and Sony, officially kicked off Oct. 13.

The governor of California is strengthening a clear energy partnership with two neighboring states and British Columbia.