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Business, Technology, Equipment, Fuel

Flotilla of Diesel Ships Heads to Europe Amid Energy Crisis

Flotilla The Sunny Liger, a Marshall Islands-flagged tanker with a consignment of Russian diesel, anchored in the North Sea, near IJmuide. (Paul Martens/AFP/Getty Images)

A fleet of ships carrying diesel, one of the world’s most important fuels, is heading for European markets facing energy-security threats from high temperatures, soaring gas prices and Russian disruption.

Elizabeth Low | Bloomberg News
August 18, 2022
Government, Fuel

Minnesota Governor Extends Driving Hours for Fuel Transportation

Minnesota Gov. Tim Walz Minnesota Gov. Tim Walz says the state's petroleum providers continue to report a shortage of qualified truck drivers. (Fox 9 Minneapolis-St. Paul via YouTube)

With lower fuel inventories and harvest season expected to increase demand, Minnesota’s governor extended for another month an order enabling more driving hours to transport fuel.

Noël Fletcher | Staff Reporter
August 18, 2022
Business, Technology, Equipment, Fuel

Paccar to Offer Cummins X15 Natural Gas Engine

Cummins X15N An overhead view of the Cummins X15N engine (Cummins Inc.)

Paccar Inc. announced it will offer the new Cummins Inc. X15N natural gas engine in its Kenworth and Peterbilt truck brands.

August 17, 2022
Government, Business, Fuel

Retail Sales Were Flat in July

gas pump Gasoline sales plunged 1.8%, reflecting a drop in pump prices. (Daniel Acker/Bloomberg)

WASHINGTON — The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many households to spend more cautiously.

August 17, 2022
Business, Equipment, Fuel

International Truck Launches Updated Powertrain

Navistar S13 Integrated Powertrain Navistar's S13 Integrated Powertrain consists of three distinct components – an engine, a transmission and an aftertreatment system. (Navistar Inc.)

LAS VEGAS – Navistar Inc. premiered a new, integrated powertrain as part of an update for its International LT Series truck line Aug. 16.

Michael Freeze | Features Editor
August 16, 2022
Government, Fuel

Diesel Falls 8.2¢ to Reach $4.911 a Gallon

Fuel delivery at a service station Diesel fell by the most, 17.6 cents, in New England. The average price for a gallon in the region is $5.175. (David Paul Morris/Bloomberg News)

The national average price of diesel continued on its downward path, dropping 8.2 cents to settle at $4.911 a gallon, according to Energy Information Administration data released Aug. 15.

August 15, 2022
Government, Business, Fuel

Average Gasoline Price Falls 45 Cents to $4.10 per Gallon

gas nozzle David Paul Morris/Bloomberg News

CAMARILLO, Calif. — The average U.S. price of regular-grade gasoline plummeted 45 cents over the past three weeks to $4.10 per gallon.

August 15, 2022
Business, Technology, Equipment, Fuel

Stellantis May Invest Billions to Make EVs in Mexico

Stellantis Stellantis Maserati Ghibli luxury automobiles travel along the production line at the Grugliasco factory in Turin, Italy. (Alessia Pierdomenico/Bloomberg News)

Stellantis NV is considering renovating a plant in Mexico to build hybrid and electric vehicles as it transforms its lineup to meet surging demand for battery-powered transport.

August 12, 2022
Government, Business, Technology, Equipment, Fuel

Tesla, Nikola Race for Up to $40,000 Incentives

Nikola Tre Nikola Tre by Nikola Motor Co. via YouTube

The Inflation Reduction Act would give up to $40,000 tax credits per heavy-truck purchase, suggesting that competition to get the Tesla Semi to compete with Nikola will heat up.

David Welch | Bloomberg News
August 12, 2022
Business, Fuel

Rivian Cuts Annual Earnings Forecast on Inflation, Supply Woes

The Rivian R1T interior The interior of the Rivian R1T electric pickup truck. (Jamie Kelter Davis/Bloomberg News)

Rivian Automotive Inc. posted quarterly sales above Wall Street’s expectations and reaffirmed its delivery forecast, but the electric vehicle maker trimmed its full-year earnings expectations as it continues to grapple with supply chain snags, high costs and economic volatility.

Ed Ludlow | Bloomberg News
August 11, 2022

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