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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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Low global oil inventories coupled with continued high demand for gasoline, diesel, and other petroleum products means that increased production likely won’t have much impact on prices in the short term. Other key findings from the May 2022 STEO forecast include: Solar and wind power will provide 11.1% in summer 2021.

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ICCT LCA study finds only battery and hydrogen fuel-cell EVs have potential to be very low-GHG passenger vehicle pathways

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Natural gas does not offer climate benefits compared to gasoline and diesel, and many biofuel pathways do not, either. Drivers of plug-in hybrid electric vehicles rely too much on the gasoline engine for this pathway to be a long-term climate solution, the ICCT said. Source: The ICCT.

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EIA: US energy-related CO2 fell by 2.8% in 2019, slightly below 2017 levels

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In 2019, CO 2 emissions from petroleum fuels—nearly half of which are associated with motor gasoline consumption—fell by 0.8%, and CO 2 emissions from the use of natural gas increased by 3.3%. The United States now emits less CO 2 from coal than from motor gasoline. Total net electricity generation fell by 1.5%

2019 273
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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

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The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. EIA forecasts US gasoline prices to average around $3.30 EIA forecasts that US refining margins for diesel will fall by 20% in 2023 and by 38% in 2024.

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EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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That price increase paired with an increase in gasoline and diesel demand will likely increase the cost of regular gasoline and diesel fuel this summer. EIA expects the retail price of regular-grade gasoline in the United States will average $2.78 For diesel fuel, EIA expects retail prices to average $2.91/gal

2019 186
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GE Energy Financial Services joins $8M investment round in biomass-to-gasoline startup

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Gas chromatograph traces of conventional 87 octane gasoline (top) and CoolPlanetBioFuels drop-in gasoline produced from corn cobs. Two fractionators in a module can produce one million gallons of gasoline per year, with capex of $0.50/gallon Source: CoolPlanetBioFuels. Click to enlarge. gallon to install—i.e.,

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JEC updates well-to-wheels study on automotive fuels and powertrains; electro-mobility, natural gas and biofuels

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They also note that large-scale production of synthetic fuels or hydrogen from coal or gas offers the potential for GHG emissions reduction—but only if CO 2 can be captured and stored. The hybridization option investigated brings an additional energy and GHG reduction of about 30% for gasoline and 20% for diesel hybrid vehicles.

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