06.06.2023
Higher SBO Market Sparks Boost in Offer Prices
Distiller’s corn oil traded at 55 del Manly, IA for the nearby market and in a range for July and August today. There were offers to sell as high...
Renewable Fuels Use Rises 2% – EIA
Total Us energy consumption fell to 92.94 quadrillion British thermal units (quads) in the US during 2020. British thermal units (Btu) are used in order to compare differing types of energy that are often measured in units that are not directly comparable, e.g., gallons of fuel compared to kilowatt-hours of energy.
US energy consumption was down 7 percent relative to 2019 and marked the largest annual decrease in US energy consumption by the EIA. Coverage of consumption data began in 1949. The yearly decrease was primarily attributed to the economic responses to the COVID-19 pandemic, which began in the spring of 2020.
Within the transportation sector, energy consumption fell 15 percent to 24 quads. The decline was almost entirely because of decreased petroleum use for travel….