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EIA: Energy prices rose more than other commodities in 2021; up 59% over the year

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Energy prices used in the S&P Goldman Sachs Commodity Index (GSCI) ended 2021 59% higher than the first trading day of the year, according to the US Energy Information Administration (EIA). Price increases were largely driven by increased demand from the initial phase of global economic recovery from the COVID-19 pandemic.

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Diesel and gasoline prices drop in early 2020, but diesel drops substantially less

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Although both diesel and gasoline are made from oil, the trends in their prices do not always go in parallel. While personal driving (which uses primarily gasoline) is down greatly because of various stay-at-home mandates, commercial truck transport (which uses primarily diesel) has been substantially less affected.

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2020 Thanksgiving week gasoline consumption in US lowest since 1997

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Gasoline sales fell 8.4% (nearly 185 million less gallons) from the previous week for the seven-day period ending 28 November, bringing consumption to the lowest level for a Thanksgiving Week in 23 years, going back to 1997. Northeastern gasoline sales dropped 10.1% —Tom Kloza, executive director, IHS Markit.

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API reports record US petroleum production in April: 10.543 million b/d; strongest April demand since 2007

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April saw the US produce a record 10,543,000 barrels per day (MBD) of oil, according to data from the American Petroleum Institute. The first four months of this year also saw US petroleum demand average 750,000 barrels a day above the same period in 2017 despite higher prices. Domestic WTI crude oil prices averaged $66.25

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DOE launches “eGallon” to help compare cost of fueling with electricity vs. gasoline

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The US Department of Energy (DOE) launched the “ eGallon ” as a quick and simple way for consumers to compare the costs of fueling electric vehicles vs. driving on gasoline. Today’s national average eGallon price is about $1.14, meaning that a typical electric vehicle could travel as far on $1.14 For example, if gasoline costs $3.60

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DOE researchers investigate economic and environmental impacts of converting wet waste to renewable diesel

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Meanwhile, wet waste feedstocks, such as animal manure and fats, oils, and greases (FOG), represent another important category of resources that could be utilized to produce MCCI bioblendstocks due to its abundant availability. Among their findings: The estimated minimum fuel selling prices were $1.22/gasoline Skaggs et al. GLE and $0.9/GLE.

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CMU study finds small battery PHEVs and gasoline hybrids the least-cost policy solution to reducing gasoline consumption

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Comparison of current federal subsidy to base case assumptions showing lifetime fuel savings (HomeEve charging scenario). An EPA estimate based on the Chevy Volt’s reported efficiency is also included for comparison. Earlier post.). per gallon saved while subsidizing 16 kWh battery PHEVs at roughly $4.50

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