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Houthi militants attacked and damaged a Swiss-owned container vessel on March 4 in the Gulf of Aden, as the Iran-backed group continues to roil shipping in the region.

The national average diesel price took another step closer to the $4 mark with a 3.6-cent decline to reach $4.022 a gallon, per Energy Information Administration data released March 4.

OPEC+ extended its oil supply cutbacks to the middle of the year in a bid to avert a global surplus and shore up prices.

Canada’s biggest new oil pipeline in more than a decade will begin filling with crude within weeks, according to MEG Energy Corp.

With gasoline prices dropping, a new study suggests gas-powered vehicles may be more economical to fuel up versus an equivalent electric vehicle.

The national average for a gallon of diesel fell by 5.1 cents the week ending Feb. 26, the largest drop this year, according to data released by the Energy Information Administration.

Warnings from the oil tanker industry that too few of the ships are being built are haunting the market after Houthi attacks on shipping caused widespread diversions in petroleum trades.

The Biden administration granted a fuel policy change designed to boost sales of corn-based ethanol, but delayed the shift until 2025 to prevent gasoline price spikes this summer.

A wave of opposition is mounting in Illinois to a bill that would have the state mirror California’s strict emissions laws that would eventually prohibit sales of diesel-powered trucks.

The national average diesel price remained unchanged at $4.109, the first time there was no fluctuation since last summer, according to EIA data for the week of Feb. 19.