article thumbnail

How crude-oil prices influence gasoline prices

Green Car Congress

Gasoline is one of the products refined from crude oil. Thus, the price of crude oil should have a strong influence on the price of gasoline. The Energy Information Administration (EIA) estimates that in the United States from 2008 to 2017, crude oil represented only 61% of the retail price of gasoline. for a 10-day lag.

article thumbnail

Texas installs another big solar + battery storage project

Baua Electric

Photo: Enel North America Power-hungry Texas needs solar and battery storage to help meet demand and balance the grid, so its largest utility-scale storage operator is delivering. Texas consumes more energy than any other state, and demand is growing. The project pairs a 186-megawatt (MW) solar farm with 115 MW/169 MWh battery storage.

Texas 52
article thumbnail

EIA: US average gasoline prices before Memorial Day highest since 2014

Green Car Congress

Texas continues to have the lowest gasoline price among the states included in the survey. Texas produces a relatively high amount of gasoline because it has more crude oil production and operating petroleum refining capacity than any other state, as well as relatively low state gasoline taxes.

Gasoline 243
article thumbnail

EIA: US renewable diesel capacity could more than double through 2025

Green Car Congress

EIA said that two factors behind growing US renewable diesel capacity are rising targets for state and federal renewable fuel programs and biomass-based diesel tax credits. The “Inflation Reduction Act” extended the biomass-based diesel tax credits through 2024.

Renewable 195
article thumbnail

Geothermal energy in US grew 5% in 2012; California the leader

Green Car Congress

This represents the second highest increase in geothermal power capacity over a calendar year since the production tax credit (PTC) was extended to geothermal in 2005, and a 5% percent increase over 2011 year-end data. In 2012, seven new geothermal projects and additions came online in three different states.

2012 303
article thumbnail

State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

Green Car Congress

The US Department of State (DOS) has released its Draft Supplemental Environmental Impact Statement (SEIS) in response to TransCanada’s May 2012 application for the Keystone XL pipeline that would run from Canada’s oils sands in Alberta to Nebraska. The pipeline would primarily transport crude oil from the WCSB and Bakken regions.

article thumbnail

Researchers suggest subsidies and policies targeting plug-ins with small battery packs would produce more benefits at lower cost

Green Car Congress

air emissions and oil displacement benefits) in the near term per dollar spent than PHEVs and battery-electric vehicles (BEVs) with large battery packs providing longer electric range. air emissions and oil displacement benefits of plug-in vehicles,” Proceedings of the National Academy of Sciences. Earlier post.). Michalek, J.J.,

Plug-in 319