American gasoline buyers pay state taxes, as well as federal tax of 18.4 ¢/gal (unchanged since 1993) In EIA’s latest update of state gasoline and diesel fuel taxes data, the simple average of taxes and fees on gasoline levied by the states and the District of Columbia in effect as of July 1, 2017, was 27.9 […]
State taxes on gasoline in 2017 up 4.5% from 2016 Read More »
In next decade U.S. will build 25% of world’s needed capacity for new chemicals IHS Markit has released a new forecast on the impact of Hurricanes Harvey and Irma on the national and regional economies, transportation infrastructure, automotive industry and the crude oil, refining and chemical sectors, according to a press release. U.S. economic impact: “We
Hurricanes Harvey and Irma economic, industry impacts one month later: IHS Markit Read More »
Hurricane Irma led to unscheduled outages at both of Florida’s nuclear power plants U.S. nuclear power plant outages averaged 4.6 gigawatts (GW) during the summer of 2017 (June through Aug.), 10 per cent lower than outages during the summer of 2016, according to the U.S. Energy Information Administration. Nuclear outages were highest in June, averaging 7.4 GW, but
American nuclear power plant outages were relatively low this summer – EIA Read More »
Earliest ban on internal combustion engine vehicles at least a decade away California is considering a ban on internal combustion engine vehicles as officials in the Golden State look for ways to ensure cleaner air for the future, according to a report by Bloomberg. Mary Nichols, chairman of the California Air Resources Board told Bloomberg
California considers ban on internal combustion engine vehicles Read More »
Over 70 Permian Basin plays production corrected Energy researchers at IHS Markit have completed the first, three-year phase of a massive Permian Basin research project that models and interprets the giant basin’s key geologic characteristics. It was done to better estimate Permian’s remaining hydrocarbon potential, and initial results indicate the giant basin still holds an
New research shows Permian Basin with 60 to 70 billion barrels remaining Read More »
Wind speeds reached 130 mph as Hurricane Harvey made landfall Hurricane Harvey caused substantial electricity outages, as power plants and transmission infrastructure—particularly in south Texas and along the Gulf Coast—were affected by high winds and significant flooding, according to the U.S. Energy Information Administration. At its peak, more than 10,000 megawatts (MW) of electricity generating
Hurricane Harvey caused electric system outages, affected wind generation in Texas – EIA Read More »
Significant power outages have already been reported in U.S. Virgin Islands Hurricane Irma, one of the largest hurricanes ever recorded in the Atlantic, caused significant damage to the northeastern Caribbean and is currently projected to make landfall this weekend, according to the U.S. Energy Information Administration. Current model forecasts project that Hurricane Irma will then
Hurricane Irma may cause problems for East Coast energy infrastructure Read More »
Self driving cars legislation concerns safety advocates Members of the US Congress passed a wide-ranging bill that could help speed up the introduction of self driving cars and light trucks. The move is being heralded by tech and auto companies who are in a race to develop and use their technology. “With this legislation, innovation
Self driving cars bill approved by US House moves to Senate Read More »
Arkema explosions early Thursday morning Two explosions occurred at the Arkema SA chemical plant located in Crosby Texas, 25 miles northeast of Houston, early Thursday morning. The explosions occurred after cooling systems to keep volatile chemicals in the plant stable failed due to flooding as a result of Hurricane Harvey. On Wednesday, the company warned
Arkema SA expects more fires after two explosions at flooded plant Read More »
Lower Texas refinery output impacts Colonial pipeline As Texas and Louisiana refineries remain closed or are operating at reduced capacity in the aftermath of Hurricane Harvey, the Colonial pipeline has been shut down due to lack of product to ship. The pipeline, a major fuel artery to the Port of New York and New Jersey
Colonial pipeline shuts down, East Coast gas shortages loom Read More »
