The U.S. Energy Information Administration (EIA) is providing additional detail on renewable fuels blended in diesel. Biodiesel, renewable diesel, and other biofuels, have separate production, consumption, and net import forecasts. This information is available for the first time on the February Short-Term Energy Outlook (STEO).
In relation to the ongoing formulation of the 2020, 2021, and 2022 Renewable Fuel Standards (RFS), the EIA made several adjustments to the outlook for these RFS years that differ from the original volumes when the standards were proposed. The projected volume of gasoline consumed is reduced 1.69 billion gallons to 137.20 billion for 2022 but left unchanged for 2020 and 2021. The 2022 volume for gasoline consumption is above the original RFS proposed rule, which was 136.49 billion gallons.
The projected volume of diesel was…
05.13.2024
US glycerin prices mostly steady amid increasing biodiesel production
Glycerin prices in the US were steady to slightly lower on Monday May 13. US biodiesel production has been increasing, boosting the supply of glycerin — a co-product of...
05.13.2024
Weekly cattle slaughter forecast to remain below 2023 levels into June
US cattle slaughter
Fastmarkets research team forecast cattle slaughter at 630,000 head in the week to Saturday May 18, down by 1.61% compared with the same period in 2023.
05.13.2024
Six-week hog slaughter forecast to be flat or up from 2023
US hog slaughter
Fastmarkets research team forecast hog slaughter at 2.425 million head in the week to Saturday May 18, up by 0.75% from the same period in 2023.