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Government, Fuel

Diesel Bumps Up 1.9¢ to $3.274 a Gallon

Diesel fuel pump Diesel's 1.9-cent rise was the biggest since a 6.3-cent increase May 17. {Daniel Acker/Bloomberg News)

The national average price for a gallon of diesel rose 1.9 cents to $3.274, the Energy Information Administration reported.

Roger Gilroy | Senior Reporter
June 7, 2021
Government, Business, Technology, Fuel

US Recovers Millions in Ransom From Colonial Pipeline Hackers

 The entrance of Colonial Pipeline Company in Charlotte, N.C. (Chris Carlson/Associated Press) The entrance of Colonial Pipeline Company in Charlotte, N.C. (Chris Carlson/Associated Press)

The U.S. recovered almost all the bitcoin ransom paid to the perpetrators of the cyberattack on Colonial Pipeline Co. in May in a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation’s borders.

June 7, 2021
Government, Business, Fuel

Energy Chief Jennifer Granholm Cites Risk of Cyberattacks Crippling Power Grid

Jennifer Granholm Jennifer Granholm by Jacquelyn Martin/AP

WASHINGTON — Energy Secretary Jennifer Granholm on June 6 called for more public-private cooperation on cyber defenses and said U.S. adversaries already are capable of using cyber intrusions to shut down the U.S. power grid.

June 7, 2021
Government, Business, Technology, Fuel

ChargePoint CEO Sees Electric Pickups Winning Over Americans

ChargePoint Holdings Inc. CEO Pasquale Romano ChargePoint Holdings Inc. CEO Pasquale Romano by Alex Flynn/Bloomberg News

The largest vehicle charging network in the U.S. is counting on electric pickup trucks to finally win over American drivers for EVs.

David R. Baker | Bloomberg News
June 4, 2021
Business, Technology, Fuel

Workhorse Soars 83% in Three Days on Newfound Retail Fandom

The Workhorse C650 electric step van. (Workhorse Group) The Workhorse C650 electric step van. (Workhorse Group)

Troubled electric truck startup Workhorse Group Inc. has become the latest darling of retail traders, who have pushed its share price up 83% in just three trading sessions.

Esha Dey | Bloomberg News
June 3, 2021
Government, Business, Technology, Fuel

Rise of Electric Vehicles Presents Questions About Transportation Funding

EV charging Dania Maxwell/Bloomberg News

While electric vehicles and alternative fuels contribute to reducing greenhouse gas emissions, their continued adoption forces states to rethink transportation funding sources that currently come from taxes on diesel and gasoline.

Eleanor Lamb | Staff Reporter
June 3, 2021
Business, Technology, Fuel, Autonomous

Cheeseburger While You Charge? Musk Pursues Tesla Restaurant Concept

Tesla CEO Elon Musk In 2018, Elon Musk revealed plans to launch a tequila after registering for the “Teslaquila” trademark. (Getty Images)

Move over, In-N-Out Burger. Elon Musk, CEO of Tesla Inc., is one step closer to opening a diner.

Hannah Elliott | Bloomberg News
June 2, 2021
Government, Business, Fuel

American Travel Spree Proves Market Right to Be Bullish on Oil

Fuel Gasoline is delivered to a Shell station. (Daniel Acker/Bloomberg News)

From bustling U.S. airports to surging demand for gasoline, all signs from this past Memorial Day weekend reaffirm the oil market’s bet that Americans will be out traveling in force this summer.

June 2, 2021
Government, Fuel

Diesel Price Nearly Flat; Increase Is Only Two-Tenths of a Cent

Trucker filling up with gasoline A fuel truck driver checks the gas tank level at a United Oil station in in Los Angeles. The national average price for a gallon of gasoline rose seven-tenths of a cent to $3.027. (Damian Dovarganes/Associated Press)

The national average price of diesel barely moved this past week, inching up two-tenths of a cent, according to Energy Information Administration data released May 31.

Dan Ronan | Associate News Editor
June 1, 2021
Government, Business, Fuel

Oil Tops $70 a Barrel for First Time Since 2019

People fill vehicles with fuel at a Royal Dutch Shell gas station in Sumter, S.C. Customers fuel up at a Royal Dutch Shell gas station in Sumter, S.C. (Micah Green/Bloomberg News)

Oil resumed its advance, reaching the highest settlement in more than two years with the OPEC+ alliance forecasting a tightening global crude market and a nuclear deal with Iran still up in the air.

June 1, 2021

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