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.

BusinessFuel

After Blowing $300 Billion, US Shale Finally Makes Money

After years of booms and busts that produced astronomical losses along with a whole lot of oil, the fracking industry seems to have found a sweet spot. It’s poised to generate more than $30 billion of free cash this year.

June 18, 2021
BusinessTechnologyFuelAutonomous

In Reversal, Lordstown Motors Says It Has No Firm Truck Orders

TOLEDO, Ohio — Struggling electric truck maker Lordstown Motors said June 17 it doesn’t have any firm orders for its vehicles, just days after its president said the company had enough to maintain production through 2022.

June 18, 2021
BusinessTechnologyFuel

Ford Acquires Battery-Management Startup to Charge EV Fleets

Ford Motor Co. has acquired a startup that specializes in managing charging networks for commercial electric vehicles, a business the automaker hopes could generate as much as $1 billion in revenue by 2030.

June 17, 2021
GovernmentBusinessFuelTCA

Sen. Manchin Cites ‘Grave Concerns’ About US ‘Going to the EV’

WASHINGTON — U.S. Sen. Joe Manchin, a conservative Democrat whose vote is key to any infrastructure deal in the narrowly divided Senate, expressed “grave concerns†June 15 about the Biden administration’s drive to boost adoption of electric vehicles.

June 16, 2021
GovernmentBusinessSafetyFuel

Democrats Prepare Go-It-Alone Approach on Infrastructure

WASHINGTON — Patience running thin, Democratic leaders are laying the groundwork for a go-it-alone approach on President Joe Biden’s big jobs and families infrastructure plans even as the White House continues negotiating with Republicans on a much more scaled-back $1 trillion proposal.

June 16, 2021
BusinessTechnologyEquipmentFuelAutonomous

GM to Spend More on Electric Vehicles, Add Battery Plants

DETROIT — General Motors will raise its spending on electric and autonomous vehicles and add two U.S. battery factories as it gambles that consumers will eagerly switch from gasoline to the new technology.

June 16, 2021
BusinessTechnologyFuel

Lordstown Motors Jumps on Forecast for 11 Months of Cash on Hand

Lordstown Motors Corp. jumped after saying it has enough money to make its battery-powered trucks through May of next year, paring a record decline the previous day following the departure of two top executives.

June 15, 2021
GovernmentBusinessTechnologyFuel

John Kerry: Carbon Capture ‘Key Tool’ to Curb Factory Emissions

Carbon capture is emerging as a key strategy for curbing greenhouse-gas emissions from heavy industry, according to U.S. climate envoy John Kerry.

June 15, 2021
BusinessTechnologyFuelLogistics

GM, Wabtec Agree to Make Electric and Hydrogen-Powered Trains

General Motors Co. and Wabtec Corp. have signed a nonbinding agreement to build locomotive engines using the automaker’s Ultium electric battery and its Hydrotec hydrogen fuel-cell system, the companies said June 15.

June 15, 2021
GovernmentBusinessFuel

Diesel Average Is Up 1.2¢ in Seventh Consecutive Increase

The nationwide average price of diesel fuel increased by 1.2 cents over the past week to $3.286 a gallon, according to data released June 14 by the Energy Information Administration.

June 14, 2021