The cost of Renewable Fuel Standard (RFS) compliance credits, specifically D6 renewable identification numbers (RINs), is out of control. Sales of D6 RINs for conventional ethanol recently registered above $1.90 (the highest trades in history).
Refineries are not the story when it comes to retail gasoline prices. Raw materials (in this case crude oil) account for the biggest share of the final price consumers pay.
Last week the Energy Information Administration (EIA) released its latest alternative energy update. Wind and solar power continue to lead this energy mix.
North America’s Building Trades Unions (NABTU) surveyed energy industry workers and examined existing BLSA data, and discovered several notable takeaways.
Although President Obama’s controversial Clean Power Plan (CPP) has been debated at length for several months, its legal failings finally came under the microscope during oral argument in W Virginia et al. v EPA et al. in the DC Circuit Court of Appeals on September 27.
By mid-January, news sources have thoroughly exhausted reports on American’s Yuletide spending and attention inevitably turns to the day of reckoning: Tax Day.
First commissioned a century ago, the Toledo, Ohio, refinery has long supplied gasoline and other products that fuel the region’s economy and communities.
Right now, members of Congress are debating a series of taxes as part of the multi-trillion-dollar reconciliation package that could make the crude oil that runs through U.S. refineries more expensive.
COVID-19 upended energy markets. Demand disappeared and producers scaled back. Now that economies are reopening, and the demand for goods and services is rebounding, the demand for energy all along the supply chain is increasing, driving up not only the cost of the feedstocks and fuels refineries and petrochemical manufacturers use, but also the cost of the energy used at every step of the supply chain.