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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). These taxes have increased in 13 states since July 2022. gal), although that low tax rate will gradually increase through May 2023.

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Caelus confirms large-scale oil discovery on the North Slope of Alaska

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Caelus Energy Alaska, LLC, a privately held independent exploration and production company, announced that its subsidiary, Caelus Energy Alaska Smith Bay LLC, has made a significant light oil discovery on its Smith Bay state leases on the North Slope of Alaska. We’re proof that the credit programs work.

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IHS Markit: Alaska North Slope a super basin ready for resurgence; production to grow 40% in 8 years

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Based on recent discoveries, the IHS Markit Plays and Basins: Alaska North Slope (ANS) Basin; Resurgence in an Arrested, Late-emerging Super Basin analysis estimates that the ANS Basin offers 38 billion barrels of oil equivalent (BOE) in remaining recoverable resources (50 trillion cubic feet (TCF) of gas, and 28 billion barrels of oil).

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API releases latest report on US and state fuel taxes

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The American Petroleum Institute has released its January 2014 update report and maps on gasoline and diesel taxes for all 50 states in the US along with a national average; the information is updated quarterly. Gasoline taxes, January 2014. Diesel taxes, January 2014. The federal tax on gasoline is 18.40 Source: API.

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Aemetis, American Airlines sign $1.1B 280M gallon offtake agreement for sustainable aviation fuel blend

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billion, including LCFS, RFS, 45Q and tax credits. The below zero carbon intensity, cellulosic hydrogen then is used to hydrotreat vegetable or other renewable oils to produce aviation and diesel fuel. The process technology is licensed from Axens (France), a global technology provider to the oil and chemical industries.

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

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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.

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DoI cancels oil and gas leases in Arctic National Wildlife Refuge; proposes new protections in National Petroleum Reserve in Alaska

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In the Arctic National Wildlife Refuge (Arctic Refuge), US Secretary of the Interior Deb Haaland has authorized the cancellation of the remaining seven oil and gas leases issued by the previous administration in the Coastal Plain. Protections in the National Petroleum Reserve in Alaska.

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