gasoline prices EIA

Gasoline Crack Spread Decreases Amid Low U.S. Demand: EIA

EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, Oil, PRODUCTS

Gasoline production has become less profitable due to low demand and the shift to winter-grade gasoline, according to a Nov. 1 report from the U.S. Energy Information Administration. As a result, the difference between gasoline blendstock and crude oil prices dropped to multiyear lows in October 2023. The difference in price between a wholesale petroleum…...

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U.S. Interior Approves Dominion Energy’s 2.6-Gigawatt Wind Project Off Virginia, Largest in the U.S.

Climate Change and Emissions, Electric Transmission, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, PRODUCTS, Wind

The Bureau of Ocean Energy Management on Oct. 31 announced its approval of the fifth commercial-scale, offshore wind energy project in the U.S., the Coastal Virginia Offshore Wind project, located about 23.5 nautical miles offshore Virginia Beach. The project, expected to add 2,600 megawatts (MW) of clean energy to the grid, would be capable of…...