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The U.S. average retail price of diesel dropped 2.7 cents to $3.043 a gallon, the Department of Energy reported June 24. Crude oil prices jumped about 10% to more than $57 a barrel amid increased tensions in the Persian Gulf, then climbed higher later in the week.

Gasoline futures jumped the most in more than three months after an explosion and fire at the Philadelphia Energy Solutions oil refinery, the largest on the U.S. East Coast and a key supplier to the New York gasoline market.

Houston-based Crane Worldwide Logistics has opened an office in Georgetown, Guyana, expecting to cash in on a boon in offshore oil and gas production by the small country situated next to Venezuela along the northern edge of South America.

A trade organization representing U.S. refiners is asking an appeals court to reject a Trump administration plan to expand nationwide the blending, distribution and year-round sale of E15 fuel.

The U.S. average retail price of diesel dropped 3.5 cents to $3.07 a gallon, the Department of Energy reported June 17.

Amazon.com, Exxon Mobil Corp. and Volvo are among more than 700 companies being targeted in a campaign backed by a large group of investors advocating for greater transparency when it comes to environmental impact.

Exxon Mobil Corp. and Saudi Arabia’s state-controlled petrochemicals company formally approved construction of a chemical complex in Texas that will process production from the Permian Basin’s booming oil and natural gas wells.

Hydrogen, which has been touted as the fuel of the future much of the past five decades, finally may be on the verge of converting its potential to reality.