A number of refinery shutdowns in Ohio and Chicago have increased Midwest prices for petroleum products relative to the U.S. average, most notably for gasoline, according to an Aug. 22 report published by the U.S. Energy Information Administration. The outages have led to an unusual reduction in refining activity during the high demand summer period…...
State taxes and fees for diesel and gasoline fuel averaged $0.35 per gallon (gal) of diesel fuel and $0.33 per gal of gasoline as of the start of July 2024, according to a Aug. 20 report published by the U.S. Energy Information Administration. Gasoline and diesel average taxes have been mostly flat since the start…...
The Texas Railroad Commission on Aug. 16 announced a proposal to amend rules regulating waste management facilities. This marks the first reexamination of the commission’s waste management rules in over 40 years. The amendments take into account historical rules to adapt to technological advancements in the Texas energy industry’s resource development. Moreover, groundwater protection is…...
The U.S. Interior Department has announced the availability of $775 million for 21 states to clean up legacy pollution, funded through the 2021 Infrastructure Investment and Jobs Act, or IIJA. The IIJA provides $11.3 billion to provide grants to states and tribes for abandoned coal mine land reclamation and $4.7 billion for orphaned well site…...
Global proved reserves of crude oil and natural gas that were held by 175 publicly traded exploration and production businesses rose by 2 billion barrels of oil equivalent, or one percent during 2023, according to an Aug. 12 report published by the U.S. Energy Information Administration. Proved reserves refer to the estimated volumes of hydrocarbon…...
U.S. imports of renewable diesel averaged 30,000 barrels per day (b/d) during the January to May 2024 period, according to an Aug. 6 report published by the U.S. Energy Information Administration. U.S. imports from renewable diesel come from Neste’s plants in Rotterdam and Singapore and are destined mainly for the U.S. West Coast, where the…...
U.S. crude oil imports from Canada are significantly imperative to U.S. oil refiners, accounting for the majority of total U.S. crude oil imports, according to an August 1 report published by the U.S. Energy Information Administration. As of Jan. 1, 2024 U.S. oil refining capacity was recorded at 18.4 million barrels per day (b/d). During…...
U.S. refining capacity rose during the start of 2024, according to a July 30 report published by the U.S. Energy Information Administration. U.S. operable atmospheric oil distillation capacity, the key benchmark of refinery capacity, was recorded at 18.4 million barrels per day (b/cd) during the beginning of 2024, up two percent in comparison to the…...
The average gas price in California has decreased by 78 cents per gallon during the last three months, according to the California Energy Commission. The decrease is attributed to the California Gas Price Gouging and Transparency Law, SBX 1-2, which took effect in June 2023. The law enhances transparency by exposing price manipulation in real…...
U.S. production capacity for sustainable aviation fuel (SAF) could rise from approximately 2,000 barrels per day (b/d) to around 30,000 b/d during 2024, if all planned capacity additions become operational, according to a July 17 report published by the U.S. Energy Information Administration. SAF is an alternative to petroleum jet fuel and is formed from…...
Energy trade value between the U.S. and Mexico declined by around 15 percent during 2023 compared to 2022, according to a July 15 report published by the U.S. Energy Information Administration. The energy trade value between the two nations during 2023 was recorded at $66.5 billion, adjusted for inflation. Energy trade value largely depends on…...
U.S. energy consumption declined one percent year-on-year during 2023 to 94 quadrillion British thermal units (quads), according to a July 3 report published by the U.S. Energy Information Administration. Fossil fuels, which consist of coal, natural gas and petroleum accounted for around 83 percent of total U.S. energy consumption. Non fossil fuels, which consist of…...