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California Drivers Face Nation’s Steepest Fuel Tax Mountain

A new fuel analysis names California, Illinois and Pennsylvania as the states with this year’s highest diesel and gas taxes, while Alaska, Mississippi and Hawaii have the lowest.

August 14, 2024

Darling Ingredients Surges on California Proposal

Darling Ingredients soared the most in eight years after California signaled it may limit the use of seed oils in green diesel, which would be a boon to companies that use rival feedstocks.

August 13, 2024

Oil Surplus Looms if OPEC+ Hikes Supplies, IEA Data Shows

Global oil markets are poised to swing from a deficit to a surplus next quarter should OPEC+ proceed with plans to boost supplies, data from the International Energy Agency showed.

August 13, 2024

Diesel Price Declines 5.1¢ to $3.704 a Gallon

The national average diesel price dropped 5.1 cents to $3.704 per gallon, according to Energy Information Administration data released Aug. 12.  

August 12, 2024

Marathon Investor Sues to Block ConocoPhillips Acquisition

A Marathon Oil Corp. shareholder sued to block its proposed acquisition by ConocoPhillips, claiming the $17 billion deal “significantly undervalues” the target company.

August 12, 2024

Oil Refiners in US Slow Down, Stoking Global Glut Worries

Some of the top U.S. oil refiners are throttling back operations at their facilities this quarter, adding to concerns that a global glut of crude is forming.

August 12, 2024

EPA Probes Biodiesel Supply Chains as Fraud Concerns Mount

The Biden administration is following the paper trails of some biodiesel producers amid heightened concern the fuels are at times being made with deceptive ingredients, violating federal law.

August 7, 2024

Senate Republicans Ramp Up EV Resistance

Before leaving Washington for a six-week summer break, senior Senate Republicans again pushed back on the White House’s electric vehicle agenda.

August 7, 2024

Diesel Price Slips 1.3¢ to $3.755

Diesel’s national average price has decreased for the past four weeks, totaling 11 cents.

August 5, 2024

British Columbia Investing in Hydrogen Hub on Highway 16

Canada’s British Columbia will grant $108,000 to develop a regional hydrogen hub to support business development along its western Highway 16 freight corridor from central Prince George to the Pacific Coast.

August 2, 2024