The Energy Department's statistics arm on Wednesday sharply raised its forecast for U.S. diesel prices next year as tight global supplies keep domestic inventories unusually low.
Why it matters: The outlook suggests Americans could face elevated fuel costs well into 2027, as President Trump acknowledged Wednesday that oil prices may not fall until after November's midterm elections.
Tesla's traditional do-it-yourself instinct could be tested by its nationwide robotaxi ambitions.
The big picture: Manufacturing self-driving taxis is one thing. Financing, parking, charging, cleaning and maintaining enough of them to blanket the country is another — and Tesla is signaling that it might want entrepreneurs to help shoulder the load.
Major banks are upping their oil price estimates for the months and even years ahead.
Why it matters: Despite White House claims that it controls the Strait of Hormuz, the status of the vital energy chokepoint and other regional shipping could be messy for a long time.
Home heating oil bills are likely to be massive this winter in the Northeast — and as one such homeowner, I am terrified.
Why it matters: Beyond my ability to keep my daughter and dog alive through the long, dark suburban winter, the looming shadow of the oil delivery truck underscores the costs consumers are bearing as a result of parallel wars in Iran and Ukraine.
U.S. gasoline prices averaged $4.15 for a gallon of regular on Tuesday, according to AAA.
Diesel hit an all-time high price of $5.90 a gallon on Monday and stayed there on Tuesday.
Data: HERE Technologies-SBD Automotive 2026 survey; Chart: Jim Sergent/Axios
The chances of finding a public EV charger are much better in the Northeast compared to the Great Plains.
Why it matters: While U.S. public charging options grew 13% since last year, that growth hasn't been evenly distributed, according to HERE Technologies and SBD Automotive's annual ranking.
Bluecore Energy, a developer of small nuclear reactors on barges that could power ports, on Tuesday announced that it's raised $50 million in seed funding.
Why it matters: This could enable the startup to begin ordering nuclear fuel, thus charting a path toward criticality and helping to power the Port of Long Beach.
Famed rock climber Alex Honnold's solar-focused foundation on Tuesday is unveiling dozens of global partners across five continents that will receive a combined $11 million.
Why it matters: It's the largest outlay in the group's history, and the Honnold Foundation's model differs from many grant-makers by avoiding creation of an endowment.
As climate change makes extreme heat more frequent and dangerous, states are building systems to manage a hazard they weren't historically built to handle.
The big picture: In a growing number of states, officials are appointing heat officers, writing statewide plans, setting worker protections, funding cooling infrastructure, and coordinating responses across agencies.
