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EIA: US retail diesel prices increase to >$6 per gallon in the Northeast; nearly equal to California

Green Car Congress

On 16 May 2022, the average US on-highway retail diesel fuel price was $5.61 Although retail diesel prices have increased across the entire United States, prices in the Northeast have increased the most and are now among the highest in the country. On 16 May, the average retail diesel price was $6.43/gal

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GlobalData: Russian nickel sanctions would slow electric vehicle adoption

Green Car Congress

As nickel is used in the production of EV batteries, any sanctions placed on Russian nickel will cause EV manufacturing prices to increase further, threatening adoption and decarbonization. The evolving situation in Russia and Ukraine has already caused unprecedented increases in the price of nickel.

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T&E: Europe burns 19 million bottles of sunflower and rapeseed oil every day in cars

Green Car Congress

This has contributed to spiralling food price rises as well as empty supermarket shelves in the wake of Russia’s invasion of Ukraine, the organization says. Supermarkets have had to ration vegetable oils and prices are soaring. Food price inflation is pushing millions of people around the world into poverty.

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Tesla’s production expansion, surging oil prices bring stock upgrade from Daiwa Securities

Teslarati

Tesla’s ( NASDAQ: TSLA ) plans to expand its production capacity, along with other factors like surging oil prices that could sway consumers to electric vehicles, have contributed to Daiwa Securities analysts upgrading their outlook on the automaker’s stock. At the time of writing, Tesla shares were trading at $801.83, up just 0.13

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Australian thermal coal mine aims for Q4 restart on supply deal – ET Auto

Baua Electric

Surging prices for coal last year have led to some new coal mines ramping up after the war in Ukraine exacerbated a supply shortage brought on by growing reluctance from climate conscious investors to funding new fossil fuel projects. In March it had said it expected to restart in the second half of 2023.

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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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LKAB identifies Europe’s largest deposit of rare earth metals in Lapland; Per Geijer

Green Car Congress

This is good news, not only for LKAB, the region and the Swedish people, but also for Europe and the climate. We face a supply problem. Access is today a crucial risk factor for both the competitiveness of European industry and the climate transition. Without mines, there can be no electric vehicles. —Jan Moström.

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