The Department of Energy awarded oil sales contracts ahead of the summer and distributes 42 million gallons of gasoline to keep prices from surging. Recently, the Department of…
Read MoreFuel Economy
Administration to Release of 1 Million Barrels of Fuel from Northeast Reserve
The sale of the gasoline is intended to bring down consumer prices. The U.S. Department of Energy’s Office of Petroleum Reserves announced that 1 million barrels of gasoline…
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Treasury Moves to Make More EVs Eligible for Tax Credits
The department will use EPA consumer guide instead of the Corporate Average Fuel Economy. The Department of the Treasury has announced the expansion of the electric vehicles eligible…
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Administration Sets Higher Level Vehicle Fuel Standards
Passenger cars and light trucks must get 49 mpg by 2026. The U.S. Transportation Department is heightening fuel standards for new vehicles in line with EPA guidance. The department…
Read MoreFederal Gas Tax Suspension Under Consideration
Crude oil prices are at a seven-year high. In an effort to ameliorate rising prices, the White House and some congressional leaders are weighing a pause on federal…
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President’s Administration Pushes for Higher Fuel Efficiency
New Rule will apply to vehicles manufactured from 2023-2026. This week, President Biden and the Environmental Protection Agency (EPA) announced new federal fuel-efficiency standards for vehicles manufactured in…
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