Repsol, Toyota, BMW, Bosch Begin Renewable Gasoline Vehicle Pilot in Spain

Spanish oil company Repsol (REP.MC), Toyota Motor (TYT.L), BMW (BMW.F), and Bosch launched a six-month pilot in Spain to test the use of 100% renewable gasoline in existing vehicles under real-world conditions.

The project, which began in July, will use 20 Toyota and BMW vehicles powered by Repsol's Nexa 95 renewable gasoline. Meanwhile, Bosch's Digital Fuel Twin system will track and verify fuel use through vehicle data, fuel stations, and fuel card transactions, according to a Wednesday release.

The companies said the pilot will assess the scalability of renewable gasoline using existing vehicles and refuelling infrastructure. Findings will be shared with European policymakers and industry stakeholders to support discussions on the inclusion of renewable vehicles in future regulation.

US Launches New Strikes on Iran as Trump Warns of Broader Attacks

The US launched a new wave of strikes against Iran on Wednesday, targeting military capabilities used to threaten shipping in the Strait of Hormuz, as President Donald Trump warned he could widen attacks unless the Islamic republic returned to talks, Bloomberg reported Wednesday.US Central Command said the strikes targeted Iranian military capabilities used to threaten vessels transiting the waterway and said US forces disabled an empty oil tanker attempting to break the naval blockade of Iranian ports after firing Hellfire missiles into its smokestack.Iranian state media reported explosions in several cities, while Iran's Revolutionary Guards said they targeted the US Fifth Fleet in Bahrain. Jordan's armed forces said they intercepted three Iranian missiles.

Kalshi Traders See 90% Odds Gas Tops $4 This Month

Kalshi traders now see a 90% chance that gas prices will exceed $4 per gallon by the end of this month, up from 56% two days ago, CNBC reported Wednesday.Traders see a 93% chance of prices topping $4 and a 63% chance of exceeding $4.10, with the contract verified by AAA, according to the report.CNBC reported that the national gas price stood at $3.89 on Wednesday, up about 3 cents from Tuesday, per AAA, while traders see less than a 5% chance prices will surpass $4.50 by month's end.The speculation comes as the US ended its ceasefire with Iran and relaunched strikes, with US Central Command saying it conducted a second wave of strikes Wednesday afternoon following an earlier round that morning, CNBC reported.

Repsol, Toyota, BMW, Bosch Begin Renewable Gasoline Vehicle Pilot in Spain

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Equities8h ago
US Launches New Strikes on Iran as Trump Warns of Broader Attacks
The US launched a new wave of strikes against Iran on Wednesday, targeting military capabilities used to threaten shipping in the Strait of Hormuz, as President Donald Trump warned he could widen attacks unless the Islamic republic returned to talks, Bloomberg reported Wednesday.US Central Command said the strikes targeted Iranian military capabilities used to threaten vessels transiting the waterway and said US forces disabled an empty oil tanker attempting to break the naval blockade of Iranian ports after firing Hellfire missiles into its smokestack.Iranian state media reported explosions in several cities, while Iran's Revolutionary Guards said they targeted the US Fifth Fleet in Bahrain. Jordan's armed forces said they intercepted three Iranian missiles.

Equities8h ago
Kalshi Traders See 90% Odds Gas Tops $4 This Month
Kalshi traders now see a 90% chance that gas prices will exceed $4 per gallon by the end of this month, up from 56% two days ago, CNBC reported Wednesday.Traders see a 93% chance of prices topping $4 and a 63% chance of exceeding $4.10, with the contract verified by AAA, according to the report.CNBC reported that the national gas price stood at $3.89 on Wednesday, up about 3 cents from Tuesday, per AAA, while traders see less than a 5% chance prices will surpass $4.50 by month's end.The speculation comes as the US ended its ceasefire with Iran and relaunched strikes, with US Central Command saying it conducted a second wave of strikes Wednesday afternoon following an earlier round that morning, CNBC reported.

Equities11h ago
EQT Keeps Quarterly Dividend at $0.165 Per Share, Payable Sept. 1 to Shareholders of Record on Aug. 5
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