U.S. Diesel Prices Continue Upward Trend
Diesel fuel prices in the U.S. have increased for the third consecutive week, averaging $3.81 per gallon as of July 1, 2024. This marks a rise of over 4 cents from the previous week and nearly 5 cents from last year, though prices are still lower than in April 2024. Regional prices vary, with Hawaii at $5.48 per gallon and Oklahoma at $3.36 per gallon.
Gas Prices Rise but Remain Lowest for July 4 Since 2021
Gasoline prices have risen in recent weeks, with a national average of $3.47 per gallon as of July 1, up 4 cents from the previous week. Despite this, prices are the lowest for early July since 2021. GasBuddy projects a July 4 average of $3.50, similar to last year but much lower than 2022’s $4.80.
Automakers Challenge New AEB Requirements Amid Technological and Safety Concerns
In 2016, the top 20 automakers pledged to make automatic emergency braking (AEB) standard by the end of 2023, aiming to prevent 42,000 crashes and 20,000 injuries by 2025. By April 2024, the Department of Transportation mandated AEB in all light-duty vehicles by 2029. However, the Alliance for Automotive Innovation (AAI) argues this is "practically impossible" with current technology, citing issues like the need for AEB to function at higher speeds and detect pedestrians in various conditions. AAI suggests adjustments to the rule and points to controversies like "phantom braking," where AEB systems unexpectedly engage. Despite these challenges, AEB is seen as vital, with ongoing efforts to refine and improve the technology by 2029.