Trump Moves to Remove Restrictions on Higher Ethanol Fuels, Boost for Corn Ethanol Industry

California Announces Deal with Major Airlines to Boost Sustainable Aviation Fuel Consumption

The California Air Resources Board on Oct. 30 signed a deal with Airlines for America (A4A) to significantly increase the use of sustainable aviation fuel, or SAF, for Californian flights. The historic agreement between the two organizations will work towards California’s goal to ramp up the supply of SAF to 200 million gallons by 2035,…...

crude oil canada

U.S. Crude Oil Imports from Canada Hit Record High During July 2024: EIA

U.S. crude oil imports from Canada reached a record high of 4.3 million barrels per day (b/d) during July 2024, according to an Oct. 30 report published by the U.S. Energy Information Administration. The increase in U.S. crude imports can be attributed to the expansion of Canada’s Trans Mountain pipeline. Capacity at the Trans Mountain…...

EPA Releases Strategic Plan in Conjunction with President's Proposed $11.8 Billion Budget to Address Climate Change, Environmental Justice

Biden Administration Announces Over $244 Million to Address Legacy Pollution Across Pennsylvania

The U.S. Interior Department and the Office of Surface Mining Reclamation and Enforcement on Oct. 24 announced over $244 million funding for fiscal year 2024 to address hazardous and polluting abandoned mine lands, create jobs, and facilitate economic opportunity in Pennsylvania’s coal communities. This marks the largest annual state allocation under the Abandoned Mine Land,…...

liquids pipeline projects

Four New Petroleum U.S. Liquids Pipeline Projects Completed Since 2023: EIA

Pipeline companies have completed four new petroleum liquids pipelines projects across the U.S. since 2023, according to an Oct. 21 report published by the U.S. Energy Information Administration. The new pipeline projects consist of three crude oil and one hydrocarbon gas liquids. The South Bend Pipeline was completed during 2023 and is a 150,000 barrel…...

aviation fuel

U.S. Energy Department Offers Almost $3 Billion in Conditional Commitments to Two Sustainable Aviation Fuel Companies

The U.S. Energy Department on Oct. 16 announced conditional commitments for loan guarantees totaling almost $3 billion for two sustainable aviation fuel companies. Montana Renewables received a $1.44 billion conditional commitment from the department to expand its renewable fuels site in Great Falls. Gevo Net-Zero 1 received $1.46 billion in a conditional commitment from the…...

global refinery margins

Refinery Margins Hit Multiyear Seasonal Lows in September: EIA

Global refinery margins for petroleum refiners are declining, which has led to lower financial profitability from selling petroleum products and refining crude oil, according to an Oct. 15 report published by the U.S. Energy Information Administration. The reduction in refinery margins can be attributed to relatively low demand for petroleum products, despite the agency’s projection…...

High Costs, Infrastructure Challenges Hinder Electric Vehicle Penetration

California Enacts Legislation Requiring Oil Refiners to Maintain Fuel Reserves to Prevent Gas Price Spikes

California Governor Gavin Newsom on Oct. 14 signed legislation aimed to prevent future spikes in gas prices by requiring oil refiners to keep minimum fuel inventories in order to avoid shortages that could raise gas prices for consumers and boost industry profits. The bill intends to hold oil refiners accountable for manipulating gas prices, or…...

Oil Gas Methane

Biden Administration Releases Draft Guidance to Access $1.5 Billion Funding to Clean up Orphaned Oil, Gas Wells

The U.S. Interior Department on Oct. 1 issued the draft guidance for states on applying for up to $40 million each in Regulatory Improvement Grant funding to clean up polluting and unsafe orphaned gas and oil wells throughout the U.S. Through 2021 the Infrastructure Investment and Jobs Act, the department is funding the largest investment…...

U.S. Interior Department Announces Colorado Oil, Gas Lease Sale

Texas Commission Approves Permian Basin Reliability Plan

The Public Utility Commission of Texas on Sep. 27 approved a reliability plan for the Permian Basin Region to address the future electricity requirements of the area. The plan provides a comprehensive overview of required transmission upgrades to existing and new transmission lines that would help meet increasing electricity demand. The decision also details next…...

jet fuel

High Inventories Caused Decline in West Coast Jet Fuel Margins: EIA

High jet fuel inventories in the U.S. West Coast have led to Los Angeles regional crack spreads to an average of 5 cents per gallon (gal) in August, according to an Sept. 18 report published by the U.S. Energy Information Administration. The crack spread in August was its lowest level in five years. The low…...

gulf of mexico

New Fields in Gulf of Mexico Expected to Start Production During 2024 and 2025: EIA

Twelve new fields are expected to start production in the U.S. Federal Offshore Gulf of Mexico (GOM) during 2024 and 2025, according to an Sept. 16 report published by the U.S. Energy Information Administration. In the absence of production from these new fields, the agency would expect GOM production to decline. Crude oil and natural…...

EIA Labor Day Gasoline Price

U.S. Gasoline Prices 13 Percent Lower Than Last Year Heading into Labor Day Weekend: EIA

The U.S. retail price for all types of regular gasoline averaged $3.31 per gallon (gal) on Aug. 26, down 13 percent compared to the same time last year, ahead of the Labor Day weekend, according to an Aug. 29 report published by the U.S. Energy Information Administration. Lower gasoline prices heading into the holiday weekend…...