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…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...