Fuel

Leaders of the effort to repeal California’s new gas tax increase are blasting Republican governor candidate Travis Allen for using money raised to repeal the tax to broadcast ads featuring himself.

The statute of limitations ended Monday without prosecutors filing new charges in the $56 million fraud committed by top executives of Pilot Flying J, the family business of Browns owner Jimmy Haslam.

The U.S. average retail price of diesel jumped 6.1 cents — the largest single increase of the year — to $3.104 a gallon as oil climbed past $68 a barrel amid signs the supply glut is fading.

Volvo Trucks on April 12 introduced its first all-electric truck for commercial use, with sales and production of its FL Electric model to start in Europe in 2019.

With cars becoming more fuel-efficient, the revenue from gasoline taxes is declining, leaving New Hampshire with inadequate funds to maintain roads and bridges, according to state Rep. Norman Major (R-Plaistow), chairman of the House Ways and Means Committee.

U.S. oil and gas producers expect their borrowing ability to increase over the next few months, leaving them open to invest in new shale assets, particularly the Eagle Ford in Texas.

Nikola Motor Co. moved to differentiate itself further from rival Tesla Inc. by no longer requiring deposits on its upcoming trucks and returning deposits it has collected as it prepares to announce a major new fleet customer in early May.

The Federal Motor Carrier Safety Administration has granted a five-year exemption from the 30-minute rest-break requirement for trucks hauling petroleum products and will allow fuel trucks to operate 12 hours a day without triggering the requirement under certain conditions.

The U.S. average retail price of diesel rose 0.1 cent to $3.043 as oil remained near $63 a barrel amid ongoing uncertainty over a U.S. trade war with China.