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Transportation accounted for nearly 16% of household expenditures in 2018

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The average household spent about $60,000 in 2018, with $9,800 of that on transportation (16%), according to the US Department of Labor. The largest portion of transportation expenditures was for vehicle purchases. Transportation expenditures were second only to housing (33%). were also included in the transportation category.

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Study estimates fuel economy improvements to US light-duty vehicles from 1975–2018 saved 2T gallons of fuel, 17B tons of CO2

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gasoline demand would have put upward pressure on world oil prices. Second, the full effects of fuel economy improvements are conditional on how consumers value fuel economy in their vehicle purchase decisions and whether the improvements made have been cost effective or not. Greene, Charles B. 2020.111517.

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NEXT Renewable Fuels and Shell Trading (US) enter renewable diesel purchase and sale agreement

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NEXT) and Shell Trading (US) Company (Shell) have entered a long-term purchase and sale agreement for the purchase of renewable diesel from NEXT’s planned Port Westward, Oregon facility. NEXT Renewable Fuels , Inc.

Renewable 268
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Audi first car manufacturer to introduce second-generation prelube oils; start with Q6 e-tron electric SUV in 2022

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With the conventional lubrication Prelube I (left), one gram of oil is applied over every square meter of sheet steel. grams of oil are required for every square meter. The new oil class creates a protective film on the surface of a metal sheet that is thicker and does not run off. grams of conventional oil.

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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

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Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ —Gabriel Collins.

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ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

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billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. billion oil-equivalent barrels at year-end 2017. During 2017, proved additions at Upper Zakum in Abu Dhabi totaled more than 800 million barrels of crude oil. Exxon Mobil Corporation added 2.7 Resource Base.

2017 186
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Baker Institute team says fossil fuel subsidies need global reform

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In 2018, eight member states maintained $207 billion in fossil fuel subsidies, International Energy Agency (IEA) data show. Advanced countries were still spending some $800 billion per year to support purchases of fossil fuel products and services, versus $140 billion for all subsidies worldwide on renewable power generation.