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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 that the European benchmark Brent crude oil price will average less than $80 per barrel in 2024, more than 20% lower than in 2022. per gallon in 2024.

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Prometheus CEO outlines tech advances that could make CO2-to-fuels renewable gasoline and jet price-competitive with fossil fuels

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In a commentary in the journal Joule , Rob McGinnis, founder and and CEO of Prometheus , a company that is developing technology to remove carbon dioxide from the air and turn it into fuels, discusses the technology advances that could lead to the potential price-competitiveness of renewable gasoline and jet with fossil fuels.

Gasoline 357
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DOE: all-electric vehicles have the lowest estimated average annual fuel cost of all light-duty vehicles

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The estimated annual fuel costs for model year (MY) 2019 all-electric light-duty vehicles are the lowest of all the different vehicle technologies, ranging from a low of $500 to a high of $900 per year, according to the US Department of Energy (DOE). regular gasoline; $3.00 premium gasoline; $2.85 diesel; and $0.13

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EIA: fuel economy improvements bring diminishing returns in fuel savings

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Improving fuel economy exhibits diminishing returns in fuel savings, according to a brief analysis by the US Energy Information Administration (EIA). Similarly, the fuel and cost savings of improving fuel economy from 12 mpg to 15 mpg are the same as increasing from 30 mpg to 60 mpg.

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New report finds global CO2 vehicle emission reduction measures falter; dropping diesels, increasing SUVs

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Vehicle fuel economy improvements have slowed globally, according to the latest report from the Global Fuel Economy Initiative (GFEI): Fuel Economy In Major Car Markets: Technology And Policy Drivers 2005-2017. Overall, global fuel economy has improved by an average of 1.7% in the past two years. L ge /100 km.

Global 308
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Groupe Renault creating first European factory dedicated to the circular economy of mobility in Flins

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Groupe Renault is creating the REFACTORY in Flins, the first European circular economy site dedicated to mobility. It will be based on a wide network of partners from all sectors and will revolve around 4 poles of activity, putting into practice the principles of the circular economy at each stage of the vehicle life cycle and mobility.

Economy 397
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President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

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President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. The average price of US on-highway diesel was $5.718 per gallon, up $2.432 from a year ago.

Congress 259