Gasoline, Oil Prices, Tax and United States

How crude-oil prices influence gasoline prices

Green Car Congress

MAY 30, 2018

Gasoline is one of the products refined from crude oil. Thus, the price of crude oil should have a strong influence on the price of gasoline. However, the retail price of gasoline includes other costs as well. Gasoline prices are also influenced by gasoline demand relative to gasoline supply.

Oil Prices

Oil Prices Gasoline Oil Price

ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry

Green Car Congress

DECEMBER 22, 2013

Minor changes to an existing Federal tax incentive for second-generation biofuels (i.e., Minor changes to an existing Federal tax incentive for second-generation biofuels (i.e., Environmental Protection Agency drastically lowering the amount of cellulosic biofuel that must be blended into gasoline and diesel each year.

Tax

Tax Tax Credit Industrial Industry

Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

Green Car Congress

AUGUST 31, 2011

High oil prices, a global economic rebound, and new laws and mandates in Argentina, Brazil, Canada, China, and the United States, among other countries, are all factors behind the surge in production, according to research conducted by the Worldwatch Institute’s Climate and Energy Program for the website Vital Signs Online.

2010

2010 Brazil Global Argentina

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

Green Car Congress

APRIL 14, 2015

AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. The United States has been a net importer of energy since the 1950s.

2020

2020 Energy Transportation Oil Prices

Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

AUGUST 30, 2009

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. by Brian J.

Transportation

Transportation Fuel Renewable Gasoline-Electric

IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

FEBRUARY 3, 2015

IHS Automotive projects regional light vehicle sales volume in North America to hit more than 20 million units in 2015, up 2.5% In the United States, IHS Automotive analysts continue to believe the upside risks for auto demand are more apparent than the downside risks. million units. million units. million units.

2015

2015 Light Market Global

UC Berkeley Study Concludes Battery Switching Model Would Accelerate Mass-Market Adoption of Electric Cars; Baseline Scenario Projects EVs Reaching 64% of New LDV Sales in 2030

Green Car Congress

JULY 14, 2009

In two other scenarios considered, a high oil price scenario (using EIA projections) and a battery swap operator-subsidzied scenario, EV new vehicle sales penetration reaches 85% and 86% respectively by 2030. Electric Cars in the United States: A New Model with Forecasts to 2030” was written by Thomas Becker, a Ph.D.

Electric Cars

Electric Cars Batteries Battery Market

EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

DECEMBER 16, 2013

Energy consumption by light-duty vehicles in the United States, AEO2013 and AEO2014, 1995-2040 (quadrillion Btu). The fuel economy of gasoline-powered LDVs continues to increase, and advanced technology fuel efficiency subsystems are added, such as micro hybridization, which is installed on 42% of gasoline LDVs in 2040.

Oil

Oil Light Energy Vehicles

National Research Council report finds it unlikely the US will meet cellulosic biofuel mandates absent major innovation or a change in policies

Green Car Congress

OCTOBER 4, 2011

In the absence of major technological innovations or policy changes, the United States is unlikely to meet cellulosic biofuel mandates under the current Renewable Fuel Standard (RFS2) by 2022, according to a new report from the National Research Council.

Renewable

Renewable Tax Credit Conversion Standards

Sandia Labs/GM Biofuels Systems Study Concludes Large-Scale Production of Advanced Biofuels is Achievable and Sustainable

Green Car Congress

FEBRUARY 10, 2009

The study, said Robert Carling, Director, Transportation Energy Center at Sandia, represents the first true value-chain approach to assessing the feasibility, implications, limitations, and enablers of large-scale production of biofuels in the United States. This is about 4 times the net energy ratio for gasoline (0.8).

GM

GM Production Conversion Oil Prices

Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

Green Car Congress

FEBRUARY 4, 2011

Recent public policies in the United States and other countries have improved the prospects for initial commercialization of PEVs. However, consumer demand for PEVs is quite uncertain and, barring another global spike in oil prices, may be limited to a minor percentage of new vehicle purchasers (e.g., Policy Instruments.

Plug-in

Plug-in 2015 Plug Recharge

State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

Green Car Congress

MARCH 2, 2013

Gulf Coast refiners use both domestic crude oil produced in the United States, and crude oil imported from foreign countries to create various petroleum products. The crude oil from the WCSB is produced as raw bitumen, a viscous material that has the consistency of soft asphalt. Click to enlarge. —Draft SEIS.

Climate Change

Climate Change Oil-Sands Nebraska Climate

State Department releases Keystone XL Final Supplemental Environmental Impact Statement

Green Car Congress

FEBRUARY 1, 2014

However, demand persists for imported heavy crude by US refineries that are optimized to process that kind of oil. Meanwhile, Canadian production of bitumen from the oil sands continues to grow, the vast majority of which is currently exported to the United States to be processed by US refineries that want heavy crude oil.

Oil-Sands

Oil-Sands Nebraska Oil Montana

National Low Carbon Fuel Standard study releases major Technical Analysis and Policy Design reports; providing a scientific basis for policy decisions

Green Car Congress

JULY 19, 2012

Very broadly, they found that an LCFS would buffer the economy against global oil price spikes, trim demand for petroleum, and lessen upward pressure on gas prices. Set a target of reducing the carbon intensity of gasoline and diesel by 10 to 15 percent by 2030. Create separate fuel pools for gasoline and diesel.

Carbon

Carbon Oil-Sands Standards Design

Nissan’s Big Gamble

Revenge of the Electric Car

JULY 14, 2009

The best thing about the Nissan is the expected price range of $25K- $34K. This is before the $7,500 federal tax credit. The vehicles will be made in the United States, Japan and Europe. – BMW AG’s Mini brand is testing a plug-in model in the United States. – Toyota Motor Corp.

Nissan

Nissan Japan United States Gasoline-Electric

Report: California Gasoline No Longer the Most Expensive

The Truth About Cars

JUNE 22, 2023

Washington has officially managed to surpass California as the state with the highest fuel prices and looks as though it’s on track to compete for that dubious honor indefinitely.& Washington’s fuel pricing isn’t a matter of it being isolated in the middle of the ocean. The national average is presently $3.58 per gallon.

Gasoline

Gasoline California Seattle Washington

EV Driven

How crude-oil prices influence gasoline prices

ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry

Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

UC Berkeley Study Concludes Battery Switching Model Would Accelerate Mass-Market Adoption of Electric Cars; Baseline Scenario Projects EVs Reaching 64% of New LDV Sales in 2030

EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

National Research Council report finds it unlikely the US will meet cellulosic biofuel mandates absent major innovation or a change in policies

Sandia Labs/GM Biofuels Systems Study Concludes Large-Scale Production of Advanced Biofuels is Achievable and Sustainable

Expert panel report finds achieving 1M plug-in vehicles in US by 2015 would require concentrated action to overcome barriers

State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

State Department releases Keystone XL Final Supplemental Environmental Impact Statement

National Low Carbon Fuel Standard study releases major Technical Analysis and Policy Design reports; providing a scientific basis for policy decisions

Nissan’s Big Gamble

Report: California Gasoline No Longer the Most Expensive

Stay Connected