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WASHINGTON — American Trucking Associations President Bill Graves told House lawmakers June 17 increasing fuel taxes would ensure investments for highway programs are met for the next several years.

Oil supplies are abundant. America’s refiners are running the hardest in 10 years. So why isn’t the country awash in gasoline?

WASHINGTON — Rep. Earl Blumenauer (D-Ore.) called on colleagues to back legislation he introduced this year that would increase fuel taxes to pay for infrastructure projects during a House Ways and Means Committee hearing on June 17.

Oil supply has exceeded demand globally for the past five quarters, already the most enduring glut since the 1997 Asian economic crisis, International Energy Agency data show.

The average price of diesel dropped for a third week, falling 1.4 cents to $2.87 a gallon, the Department of Energy reported June 15.

Agility Fuel Systems has reached a seven-year agreement under which it will be the sole provider of natural-gas fuel systems for Freightliner Trucks.

The U.S. Environmental Protection Agency on June 10 declared airplanes as a significant contributor to global climate change, but said a final rule requiring cuts in emissions is still years away.

U.S. oil output will peak at a 43-year high in 2015 as producers work through a backlog of uncompleted wells before trailing off in the second half of the year.

The Department of Energy held its 2015 forecast for U.S. diesel prices at $2.88 a gallon but lowered its 2016 projection by 9 cents to $3.03.

Diesel fuel’s national average price fell for a second consecutive week, sliding 2.5 cents to $2.884 a gallon, the Department of Energy said June 8.