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A Florida man is facing up to five years in federal prison after pleading guilty to wire fraud and filing false claims after overstating biodiesel credits that were reported to the IRS and EPA.

Voltera also raised $100 million in debt financing in August. The funds will also be used for building out the company’s planned network of charging sites.

President-elect Donald Trump’s vows to “frack, frack, frack” are about to collide with a global crude glut that’s set to, finally, temper record shale production.

The national average diesel price dropped 3 cents to $3.491 a gallon in its third straight decline, according to U.S. Energy Information Administration data released Nov. 18.

U.S. Gulf Coast refineries are operating at their highest capacity for this time of year since 1992 as they capitalize on strong fuel demand from Mexico and Brazil.

U.S. average gasoline prices are set to fall below $3 a gallon, just in time for Thanksgiving, when holiday travel is expected to climb back to pre-pandemic levels.

The Biden administration won’t decide on any natural gas-export permits before the presidential term ends in late January, Energy Secretary Jennifer Granholm signaled.

U.S. auto stocks and Asian battery makers fell after Reuters reported President-elect Donald Trump plans to eliminate a key consumer tax credit aimed at boosting electric-vehicle adoption.

Truck maker Nikola recently reduced staffing levels as it seeks to control costs.

Zero-emission vehicle sales in California over the past two years have been better than anticipated, but the transition to EVs has left some dealers challenged to obtain new diesel trucks.