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Large differences among the recent increases in the cost of powering gasoline, diesel, and electric vehicles

Green Car Congress

This post examines the recent changes in the costs of powering gasoline, diesel, and electric vehicles. The expectation was that the cost of electricity had recently increased much less than the costs of gasoline and diesel. Gasoline vs. diesel changes are now possible to calculate already for May. Month (2022). Electricity. $/g.

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EIA expects summer US real gasoline and diesel prices to be the highest since 2014

Green Car Congress

The US Energy Information Administration (EIA) forecasts that retail gasoline prices will average $3.84 After adjusting for inflation, this summer’s forecast national average price would mark the highest retail gasoline and diesel prices since 2014. Source: US Energy Information Administration, Short-Term Energy Outlook (STEO).

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Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months

Green Car Congress

In an effort to address the rapidly increasing cost of gasoline, President Biden authorized the release of 1 million barrels of oil per day for the next six months—more than 180 million barrels—from the Strategic Petroleum Reserve (SPR). The newly authorized drawdown will come from all four storage sites.

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Mitsubishi Motors to supply 635 Outlander PHEVs to National Police of Ukraine

Green Car Congress

Mitsubishi Motors Corporation (MMC) announced that through its local importer and distributor MMC Ukraine, MMC will supply the National Police of Ukraine with 635 units of the Outlander PHEV. The supply stems from an emissions trading agreement signed by a number of Japanese companies with the Government of Ukraine.

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Senators introduce bill to expand E15 sales, ban Russian petroleum products

Green Car Congress

introduced the Home Front Energy Independence Act. purchases of Russian oil until the president determines Russia recognizes the sovereignty and territorial integrity of Ukraine. A bipartisan group of senators led by Senators Joni Ernst (R-Iowa) and Amy Klobuchar (D-Minn.) Senators Chuck Grassley (R-Iowa), Tammy Duckworth (D-Ill.),

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EPA issues emergency fuel waiver for E15 sales

Green Car Congress

The US Environmental Protection Agency (EPA) is issuing an emergency fuel waiver to allow E15 gasoline to be sold during the summer driving season. The Clean Air Act (CAA) requires the use of low-volatility gasoline during the summer months in order to limit the formation of ozone pollution. Earlier post.). EPA provides a 1.0

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A Guide To Fuel Efficient Driving — Part Three (2022 Update)

CleanTechnica EVs

Thanks to Covid-induced supply chain issues and Russia’s war with Ukraine, oil prices have surged to over $100/barrel at times. That and the dearth of refining capacity (converting crude oil to gasoline/diesel) has pushed the price of gasoline and diesel to record highs.

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