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California Attorney General Rob Bonta said the state reached a settlement with Vitol and SK Energy Americas after it alleged the firms acted together to manipulate local gasoline markets.

The Biden administration will likely need to tap oil from the country’s emergency reserves to counter a spike in gasoline prices and amid inflation fears during the summer driving season.

WASHINGTON — Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans’ outlook largely unchanged this year.

Disruptions on the world’s major trade routes, refinery closures and resurgent demand are pushing up global fuel prices in the run-up to a U.S. presidential election.

With gasoline prices dropping, a new study suggests gas-powered vehicles may be more economical to fuel up versus an equivalent electric vehicle.

Program Aired: December 7, 2 p.m. ET Recently released results from an American Transportation Research Institute survey shows the economy, truck parking, fuel prices and zero-emission vehicles are some of the most critical issues in trucking, among others. Register for this webinar, presented by PrePass and Geotab, and learn new ways your fleet can use technology to better address these important concerns.

Georgia Gov. Brian Kemp suspended through Oct. 12 its excise tax on diesel and gas to help residents offset 40-year high “rampant inflation."

The national average price for diesel marked its eighth consecutive weekly drop, shedding another 5.7 cents to dip to $4.128 a gallon, the Energy Information Administration reported.

SACRAMENTO, Calif. — Furious about oil companies’ supersized profits after a summer of record-high gas prices, California Gov. Gavin Newsom on Dec. 5 will formally start his campaign to punish big producers by asking the Legislature to fine them and give the money back to drivers.

Diesel supplies are so tight heading into winter that profits for producing the heating and trucking fuel are nearing a record high.