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EIA: State tax rates for retail gasoline and diesel increased in 13 states in 2023

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In January 2023, state taxes and fees on gasoline and diesel fuel averaged $0.3163 per gallon (gal) of gasoline and $0.3388/gal of diesel fuel, according to the US Energy Information Administration (EIA). For example, New York State taxes for both diesel and gasoline rose $0.088/gal in January 2023 compared with July 2022.

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Omnitek Engineering completes $5M placement; financing to facilitate diesel to natural gas truck engine conversion sales

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Omnitek Engineering Corporation, a developer of natural gas engines and diesel-to-natural gas conversion systems, has entered into a definitive agreement with investors for a private placement of common stock and warrants to raise approximately $5.0 and warrants to a group of investors at an exercise price of $3.88, with a five-year term.

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REC to offer financing for 50,000 e-buses over the next 2-3 years | Autocar Professional

Baua Electric

According to information obtained from the company’s top officials, it intends to finance the OEM’s gross cost contracts (GCC model) originating from various state transport undertakings, the government of India’s PM E Bus Sewa program, and private transport operators seeking to add electric buses to their diesel-run bus fleet.

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Aemetis selects Worley to provide engineering for ‘Carbon Zero 1’ renewable jet and diesel production plant

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Aemetis awarded an engineering services contract to Worley for the Aemetis ‘Carbon Zero’ renewable jet and diesel plant in Riverbank, California. The Aemetis Carbon Zero renewable jet and diesel project is designed to hydrotreat renewable oils with hydrogen from orchard and forest wood waste. Earlier post.)

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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

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The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60

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EIA: At least 9 new refinery projects to come online before end of 2023 in Asia and Middle East; 2.9 MMb/d

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The new refinery projects would increase production of refined products, such as gasoline and diesel, and in turn, they might reduce the current high prices for these products. Net global capacity declined in 2021 for the first time in 30 years, according to the IEA.

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Audi offers up to €10,000 trade-in bonus for switching from Euro 1-4 diesels to Euro 6; biomethane benefit

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Audi AG is offering trade-in bonuses to customers who switch to an Audi with Euro 6 standard from diesel-powered cars with emission standards Euro 1 through Euro 4. The price advantage is scaled by model. The customers merely pay the regular price for CNG (compressed natural gas) at the filling station.

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