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…...

retail gasoline price

Regional Gasoline Prices Rise Due to Midwest Refinery Outages: EIA

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…...

diesel and gasoline

Gasoline and Diesel Average Taxes Remained Nearly Flat Since January 2024: EIA

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…...

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

Texas Commission Proposes Revisions to Oil and Gas Waste Management Rules

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…...

Trump Signs Orders to Expedite Oil, Gas Pipeline Approvals

Biden Administration Announces $775 Million to Plug Orphaned Oil, Gas Wells Across States

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…...

oil and gas

Proved Reserves of Oil and Natural Gas Saw Slight Increase Last Year: EIA

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…...

renewable diesel

Higher U.S. Imports of Renewable Diesel During First Five Months of 2024: EIA

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…...

canada crude oil

U.S. Refineries Increasingly Reliant on Canadian Crude Oil: EIA

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…...

oil refining

Expansions to Existing Facilities Drive U.S. Refinery Capacity Growth: EIA

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…...

Maryland Enacts Law Allowing Participation in Regional Program to Cut Transportation Emissions

California Gas Prices on Three-Month Decline: Energy Commission

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…...