Fuel

The U.S. is committed to replenishing the Strategic Petroleum Reserve but won’t rush to do so despite the recent decline in oil prices, Biden administration adviser Amos Hochstein said.

The premium paid by drivers of luxury cars and large SUVs over regular fuel is increasing due to a number of industry factors, including environmental regulations and refining capacity.

California Gov. Gavin Newsom said March 15 he wants state regulators to decide whether to impose the nation’s first penalty on oil companies for price gouging.

Purolator Inc. will make its largest investment at $1 billion to electrify its Canadian network over the next seven years, the company announced March 9.

Electric vehicle manufacturer Rivian and Amazon are in active discussions about ending the exclusivity provision of their delivery van deal, according to multiple media reports.

The national average price for diesel slipped 3.5 cents to $4.247 a gallon, according to Energy Information Administration data released March 13.

GRAPEVINE, Texas — Like other sectors of the trucking industry, truck stop plazas are learning firsthand the challenges and opportunities they will face as hydrogen, battery-electric and other alternative fuel sources become more widespread.

A U.S. probe into the 13,000-barrel oil spill on TC Energy’s Keystone pipeline is expected to cut into crude flows ahead of the summer driving season.

Love’s Travel Stops & Country Stores founder Tom Love, who grew the company from a single service station to a chain of more than 600 truck stop locations nationwide, died March 7, the company announced. He was 85.

Michigan has an annual funding gap of roughly $2.1 billion to $3.9 billion when it comes to money to maintain the state’s crumbling roads and bridges — even after record federal aid and state bonding is taken into account, according to a new study of the state’s infrastructure costs.