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.

GovernmentBusinessTechnologyFuel

Nikola Cannibalized a Ford for Hyped Badger Electric Pickup, Jury Told

A Nikola Corp. prototype of the electric vehicle startup’s planned Badger pickup truck was made partly of components from a Ford Motor Co. F-150 Raptor, the jury in the criminal trial of Nikola founder Trevor Milton was told.

September 15, 2022
BusinessFuel

Shell CEO to Step Down as Oil Giant Looks to Climate Goals

LONDON — Shell CEO Ben van Beurden is stepping down at the end of 2022 after nine years in charge, the energy giant said Sept. 15, a change that comes as oil and natural gas companies are under pressure to shift away from fossil fuels .

September 15, 2022
GovernmentBusinessTechnologyEquipmentFuel

States Get Early Green Light to Spend Federal EV Funds

Dozens of states from coast to coast will have early access to their share of $900 million in electric vehicle infrastructure funds thanks to the U.S. Department of Energy’s early approval of plans to locate chargers on more than 53,000 highway miles throughout the country.

September 14, 2022
GovernmentBusinessTechnologyFuel

Nikola Whistleblower Made $600,000 Off Short Sale, Jury Told

A former Nikola Corp. contractor whose allegations of fraud at the electric truck company helped spur a criminal investigation told a federal jury he made $600,000 off a short seller’s report on Nikola.

September 14, 2022
GovernmentBusinessTechnologyFuel

Biden Touts EVs at Detroit Auto Show

DETROIT — President Joe Biden, a gearhead with his own vintage Corvette, is showcasing his administration’s efforts to promote electric vehicles during a visit Sept. 14 to the Detroit auto show.

September 14, 2022
GovernmentFuel

Biden Issues Offshore Drilling Rights Under Climate Mandate

The Biden administration on Sept. 14 issued oil and natural gas leases to companies that nabbed the Gulf of Mexico drilling rights in a government auction later invalidated by a federal court.

September 14, 2022
GovernmentBusinessFuel

Biden Officials Weigh Buying Oil at Around $80 to Refill Reserves

The U.S. may begin refilling its emergency oil reserve when crude prices dip below $80 a barrel, according to people familiar with the matter.

September 13, 2022
GovernmentBusinessFuel

US Inflation Falls for 2nd Straight Month on Lower Gas Costs

WASHINGTON — Sharply lower prices for gas and cheaper used cars slowed U.S. inflation in August for a second straight month, though many other items rose in price, indicating that inflation remains a heavy burden for American households.

September 13, 2022
GovernmentFuel

Diesel Drops 5.1¢ to $5.033 in Second Straight Decline

The national average price of diesel slid 5.1 cents to $5.033 a gallon, according to Energy Information Administration data released Sept. 12.

September 12, 2022
BusinessTechnologyFuel

Hyliion Names Jon Panzer Chief Financial Officer

Hyliion Holdings Corp. announced Jon Panzer joined the company as chief financial officer.

September 12, 2022