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…...
Average weekly U.S. gasoline prices have lost 19 cents per gallon (gal) in value since the 2024 high recorded on April 22 to $3.48/gal on July 1, according to a July 2 report published by the U.S. Energy Information Administration. The price decline can be attributed to rising gasoline stocks, relatively subdued demand and comparatively…...
The U.S. Senate last week approved President Biden’s three nominees to serve on the Federal Energy Regulatory Commission (FERC) bringing the agency to its full complement of five commissioners. Industry and clean energy groups welcomed the move saying that a fully staffed commission is crucial to address challenges posed by an aging electric grid, the…...
Tensions in the Middle East have led to trade disruptions through the Red Sea and increased crude oil and oil product flows around the Cape of Good Hope, which is located at the southern tip of Africa, according to a June 11 report published by the U.S. Energy Information. The quantity of crude oil and…...
The U.S. Energy Department’s Office of Petroleum Reserves has announced plans to release one million gas barrels from the Northeast Gasoline Supply Reserve to help lower prices during summer. The department said the initiative is strategically timed to ensure sufficient supply for the tri-state and northeast regions during a period of high demand – between…...
The retail price of regular U.S. gasoline averaged $3.58 per gallon(gal) as of the Monday before Memorial Day, according to a May 23 report published by the U.S. Energy Information Administration. The retail price of U.S. gasoline is one percent higher compared to the same period last year. The price increase can be attributed to…...
Meteorologists are predicting a stronger hurricane season this year, which elevates risk for weather associated production disruptions in the U.S. natural gas and oil sectors, according to a May 22 report published by the U.S. Energy Information Administration. Reports from AccuWeather are forecasting around 20 to 25 storms this year, with a likelihood of around…...
Brent crude oil and petroleum product prices are projected to increase for the remainder of 2024, according to a March 21 report published by the U.S. Energy Information Administration. The projected price increase can be attributed to the announcement that OPEC+ will extend the current voluntary production cuts through the second quarter of 2024. The…...
A growing number of states across the U.S. are considering clean fuel programs to limit the carbon intensity of transportation fuels and to incentivize the production of…Read the full report …...
A growing number of states across the U.S. are considering clean fuel programs to limit the carbon intensity of transportation fuels and to incentivize the production of low-carbon and renewable alternatives.