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鈥檚 fuel ecosystem extensively. Topics include green house gas regulation, fuel prices, equipment costs, fuel infrastructure, surcharge and more.

GovernmentBusinessFuelTCA

Lordstown Motors Poised for Tax Exemptions Under Ohio Bill

COLUMBUS, Ohio 鈥 The Ohio House passed a bipartisan bill that would give Lordstown Motors a four-year sales tax exemption on engines, transmissions, batteries, brakes and other components that are unique to the production of electric vehicles.

November 19, 2021
BusinessTechnologyEquipmentFuelTCA

Merchants Fleet Expands Order of BrightDrop EVs

DETROIT 鈥 BrightDrop, a General Motors Co. startup making electric delivery vehicles, said Nov. 18 that Merchants Fleet is planning to expand its purchase order to receive a total of 18,000 BrightDrop EVs.

November 19, 2021
BusinessSafetyFuel

Texas, Midwest at Risk of Blackouts if Winter Brings Deep Freeze

Power grids from Texas to the Midwest are at risk of blackouts if a prolonged deep freeze sets in this winter, regulators warned Nov. 18.

November 18, 2021
BusinessFuel

Russian Fleet Heading to New York May Help Ease Diesel Pain

A fleet of tankers laden with Russian diesel heading to the U.S. East Coast may help to alleviate the most expensive retail prices for the fuel in seven years.

November 18, 2021
BusinessTechnologyEquipmentSafetyFuel

Electric Vehicles Rank Low in Consumer Reports Reliability Study

Electric vehicles fare poorly in the latest reliability study from Consumer Reports, with Tesla Inc. and its battery-powered lineup finishing second-to-last for the second straight year. Only Ford Motor Co.鈥檚 Lincoln division was worse, the publisher said Nov. 18.

November 18, 2021
GovernmentBusinessEquipmentFuel

Biden Pushes Electric Vehicle Chargers, Infrastructure

DETROIT 鈥 President Joe Biden punched the accelerator on a battery-powered Hummer on Nov. 17, causing the wheels to squeal and the truck to jet forward as he tried to drive the country toward an electric vehicle future.

November 17, 2021
GovernmentBusinessFuel

Tapping US Oil Reserve Would Have 鈥楽hort-Lived鈥 Impact, EIA Says

Releasing oil from the U.S. government鈥檚 strategic reserve would have a 鈥渟hort-lived鈥 impact on soaring fuel prices, according to the U.S. Energy Information Administration.

November 16, 2021
GovernmentBusinessTechnologyEquipmentFuel

October Classes 4-7 Sales Stall

U.S. retail sales in October of Class 4 through Class 7 medium-duty commercial vehicles were almost flat compared with a year earlier at just above 21,000, WardsAuto .com reported.

November 16, 2021
BusinessTechnologyFuel

Rivian Leaps Past Volkswagen鈥檚 Valuation Amid EV Mania

A searing five-day rally in the shares of Rivian Automotive Inc. has led the electric truck startup to more than double in value since last week鈥檚 trading debut, with its market capitalization now surpassing Volkswagen AG.

November 16, 2021
GovernmentFuel

Diesel Continues Slow Climb, Rises 0.4垄 to $3.734

The national average price for diesel continued to climb at a slower pace, rising four-tenths of a cent to $3.734 a gallon, according to Energy Information Administration data released Nov. 15.

November 15, 2021