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The U.S. average retail price of diesel dropped 4.4 cents to $3.077 a gallon, the U.S. Energy Information Administration reported, as crude oil prices lingered below $50 per barrel.

The U.S. oil industry is delivering a one-two punch to Middle East producers already reeling from a collapse in prices. A tussle is playing out in the market for so-called light oils, which have a lower sulfur content and are less dense than heavier varieties.

Diesel prices started off 2018 low, but as the year comes to a close, the average price of diesel is more than 20 cents higher than in 2017.

Daimler Trucks North America on Dec. 20 delivered to Penske Truck Leasing the first in a series of electric trucks Penske plans to deploy in California and the Pacific Northwest.

On our Dec. 19 LiveOnWeb program, we were “Plugging Into an Electric Future” as we assessed the rapid escalation of development and deployment of electric vehicle technology.

These are boom times in West Texas. Across the state, the robust shale industry is providing a lift to local economies and trucking companies that serve the region. It’s also a microcosm for the trucking industry overall when it comes to finding drivers to keep the wheels of growth turning.

China signaled its openness for business with a raft of deals that’ll give oil majors, including Royal Dutch Shell Plc, new opportunities to develop fields in partnership with the nation’s biggest offshore explorer.

The U.S. average retail price of diesel dropped 4 cents to $3.121 a gallon, the U.S. Energy Information Administration reported Dec. 17, as crude oil prices dropped below $50 per barrel.

Oil was boosted to near $52 a barrel by a weak U.S. dollar while investors weighed if OPEC and its allies can successfully re-balance the market.