Fuel

The U.S. Department of Transportation is seeking applicants for FASTLANE grants worth a total of $850 million for freight and highway projects, the department announced on Oct. 28.

Nationwide crude stockpiles fell 553,000 barrels in mid-October, according to the Energy Information Administration.

A rule aimed at reducing carbon dioxide and other greenhouse gas emissions from heavy- and medium-duty trucks will take effect in two months, federal regulators announced Oct. 25.

The U.S. average retail price of diesel dipped 0.3 cent to $2.478 a gallon, according to the Department of Energy.

Just six days after New Jersey Gov. Chris Christie signed the compromise gas-tax legislation into law, two of his fellow Republicans introduced a bill on Oct. 20 to repeal it.

Shell Chemicals Co. will operate a laydown yard in Aliquippa, Pennsylvania, to store materials for the construction of its ethane cracker plant, but two local officials are concerned about the route those trucks could take to get to the facility.

Omnitek Engineering Corp. said it signed a contract with a European customer to develop a heavy-duty 13-liter natural-gas engine for Class 8 trucks and certify the engine to EURO 6 emissions standards, utilizing its patented technology.

Houston-based investment firm EIV Capital has invested $20 million in Gazelle Transportation, a company based in Bakersfield, California, that provides crude oil transportation, water and waste hauling and portable storage tank rentals primarily within California.

The world should get used to oil prices between $50 and $60 a barrel as falling costs in America’s shale fields counteract OPEC’s renewed commitment to supply management.

The U.S. average retail price of diesel climbed again, rising 3.6 cents to $2.481 a gallon, according to the Department of Energy, amid signs crude production in some countries was on the rise.