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Diesel Price Sheds 3.9¢ to Settle at $3.826 a Gallon

The national average diesel price dropped 3.9 cents to $3.826 a gallon, its first decline after four straight gains, according to Energy Information Administration data released July 15.

July 15, 2024

Electric TRUs, Diesel Hybrids Pave Path for Reefer Transport

As its technology advances, the omnipresent transport refrigeration unit remains the workhorse of the refrigerated transportation market with room to grow.

July 15, 2024

Perspective: The US Needs Lithium Independence

The race for lithium, the lifeblood of modern batteries, is on. Spurred by the adoption of electric vehicles, the use of lithium has extended to the trucking industry.

July 15, 2024

World’s First Hydrogen-Powered Ferry to Run in San Francisco

SAN FRANCISCO — The world’s first hydrogen-powered commercial passenger ferry will start operating on San Francisco Bay as part of plans to phase out diesel-powered vessels.

July 15, 2024

Maersk Tankers Bet Billions on Ammonia Fuel Carriers

Some of the biggest names in shipping are betting billions on tankers to transport a type of ammonia that’s scarcely being produced today, wagering it will become integral to decarbonization.

July 15, 2024

Biden Faces Frustration From US Farmers Over Biofuel Policy

President Joe Biden’s re-election campaign has had a tough week. Lingering in the background is a boom he touted for American farmers that hasn’t panned out.

July 12, 2024

FTC Delays Chevron-Hess Decision to After Exxon Arbitration

The FTC plans to delay its decision whether to block Chevron.’s $53 billion takeover of Hess until after an arbitration case with Exxon Mobil is settled, Bloomberg reports.

July 11, 2024

Global Oil Demand Growth Slows Further as China Cools

Global oil demand growth slowed to its weakest in more than a year last quarter as the post-pandemic rebound in China fades, the International Energy Agency said.

July 11, 2024

Vitol, SK Settle California Fuel Rigging Probe for $50M

California Attorney General Rob Bonta said the state reached a settlement with Vitol and SK Energy Americas after it alleged the firms acted together to manipulate local gasoline markets.

July 10, 2024

OPEC Data Shows Oil-Cut Laggards Still Exceeding Limits

Key OPEC+ nations Iraq, Kazakhstan and Russia continue to pump above output limits intended to shore up global oil prices, the group’s data showed.

July 10, 2024