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Continued sluggish oil refinery capacity may keep gasoline prices — and oil company profits — high this summer, the Wall Street Journal reported Tuesday.

A push for lower emissions from heavy-duty trucks, coupled with grants from state and localities in order to meet Southern California’s air-quality standards, are prompting interest in and sales of new trucks in the region, the Long Beach Press-Telegram reported Monday.

Existing homes sales fell in May to the lowest level in four years, while the median home price dropped for a record 10th consecutive month, the Associated Press reported.

By Andrea Fischer, Staff Reporter

By Andrea Fischer, Staff Reporter
This story appears in the June 25 print edition of Transport Topics. Click here to subscribe today.

An Alabama appeals court ruled Friday that a trucking company with headquarters in the state should not have been required to pay more than $900,000 in state use tax for trucks that were originally delivered to a terminal in Ohio, a state appeals court ruled Friday, the Associated Press reported.

The average price of gasoline across the country fell by 11 cents over the last two weeks, according to the latest Lundberg Survey released Sunday.

The Senate passed a comprehensive energy bill late Thursday that raises average auto fuel efficiency standards, but the measure did not include a tax on oil companies that would have boosted alternative fuel development, Agence France-Press reported.