The latest Energy Information Administration (EIA) Short-Term-Energy Outlook (STEO) lowers the bar on gasoline and diesel consumption. This in turn leads to less renewable fuel needed to satisfy the mandated requirements. The percentage standards for required renewable fuel have not changed, just the volume needed to achieve the mandated requirement.
The EPA Final Rule for 2020 is based on percentage not volume. Volumes are projected based on EIA fuel estimates but those estimates get reconciled with actual gasoline and consumption totals following the end of the year. For 2020, EIA originally estimated 142.68 billion gallons of gasoline and 55.30 billion gallons of diesel to be consumed.
These estimates were created prior to the pandemic. Since that time, EIA has lowered their gasoline and diesel estimates to…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
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02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...