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

Green Car Congress

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). Data source: US Energy Information Administration, federal and state motor fuels taxes table. These Superfund taxes include a $0.09

Tax 273
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USDA providing $9.6M to create 9,000 acres of BCAP project areas for non-food energy crop production

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million for the creation of two new Biomass Crop Assistance Program ( BCAP ) project areas in New York and North Carolina, and the expansion of an already established BCAP project area in Arkansas. Enrolled producers will receive establishment assistance and five years of annual production support under BCAP.

Arkansas 218
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DOE awards $19M to 13 initiatives in fossil-fuel areas to produce rare earth elements and critical minerals

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The US Department of Energy (DOE) awarded $19 million for 13 projects in traditionally fossil-fuel-producing communities across the country to support production of rare earth elements and critical minerals essential to the manufacturing of batteries, magnets, and other components important to the clean energy economy.

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Plains All American to build $900M, 200K bpd pipeline from Cushing to Memphis

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will construct the Diamond Pipeline, a 440-mile (708 km), 20-inch crude oil pipeline that will provide capacity of up to 200,000 barrels per day of domestic sweet crude from the Plains Cushing, Okla. terminal to the Valero Memphis Refinery, and the ability to access Valero Energy Partner’s Collierville pipeline.

Memphis 236
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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

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Exxon Mobil Corporation is acquiring XTO Energy Inc. The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources. in an all-stock transaction valued at $41 billion.

Oil 186
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DOE Awards Up to $6.9M to Nine Projects for Shale Gas and Coalbed Methane Production

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The Office of Fossil Energy’s National Energy Technology Laboratory (NETL) has selected nine new projects targeting environmental tools and technology for shale gas and coalbed methane (CBM) production. University of Arkansas, Fayetteville, Ark. DOE share: $609,619; recipient share: $390,381; duration 32 months).

Gas 210
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USDA establishes four additional Biomass Crop Assistance Program project areas

Green Car Congress

The US Department of Agriculture (USDA) has established four additional Biomass Crop Assistance Program ( BCAP ) project areas to promote the cultivation of crops that can be processed into renewable energy. A project area must have specific boundaries that are approved by the Secretary of Agriculture.

Missouri 186