U.S. Senators Gary Peters (D-MI), Lamar Alexander (R-TN), and Debbie Stabenow (D-MI) have announced that they are reintroducing the Vehicle Innovation Act, which is aimed at encouraging investment, research, and development in clean vehicle and advanced safety technologies.
If you have been enjoying the recent drop in fuel prices, expect it to continue into next year, according to the U.S. Energy Department’s latest Short Term Energy Outlook.
According to its latest Short-Term Energy Outlook, diesel fuel prices, which averaged $3.92 per gallon in 2013, are projected to average $3.90 per gallon in 2014 and $3.78 per gallon in 2015.
Cummins and Peterbilt announced Tuesday their latest version of their SuperTruck demonstration tractor-trailer achieved 10.7 mpg last month under real-world driving conditions.
The U.S. Energy Department has updated its national eGallon price, which is a way to compare the costs of fueling electric vehicles with the cost of gasoline. The DOE said the price of fueling an electric vehicle rose to $1.18 per eGallon on July 19, up from $1.14 from earlier in the year.
The average U.S. cost of diesel has moved 1.6 cents per gallon lower over the past week to $3.977. according to new figures released by the U.S. Energy Department. The decline is the sixth consecutive one and puts the fuel at its lowest point since late January.
The U.S. Energy Department’s Energy Information Administration has released a new forecast in which it predicts diesel prices later this year will be lower than their current level.