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The U.S. average retail price of diesel fell 3.1 cents to $2.348, the Department of Energy said, amid high fuel inventories plus falling crude oil prices that are approaching a bear market.

Daimler subsidiary Mercedes-Benz outlined plans to start selling an electric heavy-duty truck in about five years, a week after Tesla Motors Inc.’s initial sketch on battery-powered commercial vehicles failed to impress investors.

The global oil market is "severely oversupplied" with gasoline — with stocks at a five-year high — serving as a blow to crude prices from next month, reckon Morgan Stanley analysts led by Adam Longson.

The U.S. average diesel retail price declined 2.3 cents to $2.379, the Department of Energy reported.

Oil dropped to the lowest close in more than two months as the United States heads to the end of the summer-driving season with ample inventories.

WASHINGTON — Shell Rotella has unveiled its new lineup of lubricating oils, products designed to maintain the hotter-burning diesel engines coming in January 2017 and beyond.

Growing corridors of natural-gas fueling stations, together with a scattering of other ways to power heavy-duty trucks, make up an expanding infrastructure providing alternatives to traditional diesel.

WASHINGTON — Manufacturer Shell Rotella rolled out its new lineup of lubricating oils designed to maintain the hotter-burning diesel engines coming in January 2017 and beyond.

Fleet-tracking companies Teletrac Inc. and Navman Wireless announced a new telematics platform that combines their two product lines into one offering for customers. 

The U.S. average diesel retail price slipped 1.2 cents to $2.402 as inventories of crude oil and refined products remain high, the Department of Energy reported.