AAA Daily Fuel Gauge Report for Friday, 12/29/23

National Average Price for Regular Unleaded Current: $3.164; Month Ago: $3.139; Year Ago: $3.657. National Average Price for Diesel Current: $3.561; Month Ago: $3.597; Year Ago: $4.024.

American Dollar to Canadian Dollar = 0.779917; American Dollar to Chinese Yuan = 0.156866; American Dollar to Euro = 1.132344; American Dollar to Japanese Yen = 0.008827; American Dollar to Mexican Peso = 0.048175.

Full electrification of the U.S. commercial truck fleet would require nearly $1 trillion in infrastructure investment alone, according to a new report from Roland Berger released today by the Clean Freight Coalition. The study forecasts a realistic infrastructure buildout for the electrification of medium- and heavy-duty commercial vehicles, exposing what the CFC calls a massive investment gap as state and federal policymakers mandate increased adoption rates of battery-electric commercial vehicles. Key findings: Preparing today’s commercial vehicle fleet for electrification would require the commercial vehicle industry to invest upwards of $620 billion in charging infrastructure alone, including chargers, site infrastructure and electric service upgrades. Utilities would need to invest $370 billion to upgrade their grid networks to meet the demands of just commercial vehicles. This nearly $1 trillion expenditure does not account for the cost of new battery-electric trucks, which according to market research can be two to three times more expensive than their diesel-powered equivalents.