2023 LCFS Credit Volume is 3.5 Million Over 2022, Generating $865 Million Less in Revenue
Weekly LCFS credit volume surged to the third highest on record last week and was the largest since October 2022. 2023 credit volume is 3.5 million above 2022, but revenue is down. The average 2023 credit price of $76 is 58 percent below the 2022 average of $121, causing 2023 revenue to trail 2022 by $865 million. This leaves the program in the odd, yet somewhat familiar position, of increasing transactions and falling revenue. If this trend continues, it will be for the second consecutive year.
Credit volume for the week ending July 16, 2023, reached 1.58 million, 108 percent over the 762,928 credits traded the week prior and 77 percent above the volume transacted at this time last year. Additionally, credit volume was 119 percent above the prior four-week average of 723,029.
…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...