[The stream has ended.] President Joe Biden on Wednesday called on Congress to create a three-month federal holiday for gas and diesel fuel taxes. Biden also asked individual states to suspend their own levies on gas and diesel. The move comes a week after the average price of a gallon of gasoline in the United
Month: June 2022
Fintoil and Neste Engineering Solutions have turned to Emerson’s automation software and tech to optimize a biorefinery being built at Hamina-Kotka port in Finland. The plant will be the third-largest crude tall oil (CTO) biorefinery in the world and produce advanced biofuel and biochemical feedstocks that help lower emissions and reduce reliance on fossil-based fuels.
By Joey Klender Posted on June 22, 2022 Elon Musk confirmed in a recent interview that Tesla has finalized the design of the Cybertruck and it is locked ahead of production, which is slated for 2023. Musk sat down with members of Tesla Owners Silicon Valley, as well as Eli Burton and Ryan Levenson of the Kilowatts
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
U.S. President Joe Biden stands with former President Barack Obama during an event on the Affordable Care Act, the former president’s top legislative accomplishment, in the East Room at the White House in Washington, U.S., April 5, 2022. Leah Millis | Reuters Former President Barack Obama called opposing a federal gas tax holiday “one of
Coal and a wind turbine in Hohenhameln, Germany, on April 11, 2022. A number of major economies have formulated plans to reduce their reliance on Russian hydrocarbons in recent months. Mia Bucher | Picture Alliance | Getty Images Global energy investment is on course to jump by more than 8% in 2022 and hit $2.4
Fuel prices at a Chevron gas station in San Francisco June 9, 2022. Bloomberg | Bloomberg | Getty Images For months, drivers across the U.S. face have faced eye-popping prices when they fill up their gas tanks. Now, President Joe Biden is weighing a new remedy — a federal gas tax holiday. A gallon of
The joint venture between Proman and Stena Bulk, Proman Stena Bulk, has taken delivery of the first methanol-powered newbuild vessel under its partnership. The methanol producer and the shipper have said the vessel is being readied for commercial operation. The methanol-powered 49,990 DWT Stena Pro Patria is the first of six state-of-the-art, IMOIIMeMAX dual-fuel mid-range
By Joey Klender Posted on June 21, 2022 Tesla (NASDAQ: TSLA) stock spiked nearly 12 percent on Tuesday during trading hours as CEO Elon Musk commented on the automaker’s substantial demand and growing order log for its products. Tesla was not the only EV stock to bounce back from a troublesome few months due to
German Economy Minister Robert Habeck has warned that the situation is going to be “really tight in winter” without precautionary measures to prevent a supply shortage. Ina Fassbender | Afp | Getty Images Reduced flows of Russian gas and the specter of a full supply disruption have prompted some European governments to reconsider coal, one
In this article DTG-DE TSLA According to Volvo Trucks, fuel cells for the vehicles will be provided by cellcentric, a joint venture with Daimler Truck that was established in March 2021. Tomohiro Ohsumi | Bloomberg | Getty Images Volvo Trucks said Monday that it had begun to test vehicles that use “fuel cells powered by
Gas prices are advertised at a Chevron station as rising inflation and oil costs affect the consumers in Los Angeles, California, June 13, 2022. Lucy Nicholson | Reuters President Joe Biden said Monday that he is seriously considering a temporary halt in the federal gas tax as the White House looks to take steps to
Eagle LNG will be providing liquefied natural gas (LNG) bunkering services for the Royal Caribbean Group’s LNG-fueled cruise ships. The first in the fleet of these LNG-fueled vessels will have its debut in 2023. Named Icon of the Seas, it will be the first ship in the Icon Class for the company’s Royal Caribbean International
By Joey Klender Posted on June 20, 2022 When dealing with the unfortunate reality that is a road rage situation, plenty of options are available to keep you safe. Locking your doors or attempting to de-escalate the situation before anything major starts are two logical solutions, but a new one might be to buy a
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
In this article TSLA F GM Charging port for a Ford Motor Co. Mustang during the Washington Auto Show in Washington, D.C., on Friday, Jan. 21, 2022. Al Drago | Bloomberg | Getty Images More people than ever are buying electric vehicles. There are about 2 million EVs on the road in the U.S., up
With gasoline prices in America topping $5 a gallon for the first time, the one vehicle that can alleviate pain at the pump — an electric car — is experiencing its own bout of runaway inflation. Automakers pressed by consumer demand and rising material costs are charging more for electric vehicles across the board. Market
By Joey Klender Posted on June 18, 2022 Tesla is continuing to tease everyone excited about its upcoming Class-8 heavy-duty electric truck, the Semi. The truck has now made its third appearance this week, and despite CEO Elon Musk’s plead for patience regarding the company’s product roadmap, the Semi is making more appearances more often,
Francesco Carta Fotografo | Moment | Getty Images Carnage in the crypto market won’t let up, as token prices plummet, companies lay off employees in waves, and some of the most popular names in the industry go belly up. The chaos has spooked investors, erasing more than $2 trillion in value in a matter of
Bitcoin plunged to $18,248, and ether fell to $944 as of mid-afternoon on Saturday, as the sell-off in the crypto market accelerates. The world’s two most popular cryptocurrencies are down more than 35% in the past week, as both breach symbolic price barriers. Carnage in the crypto market is partly to do with pressure from
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