Author Archives for Rebekah Singh

Why is the Price of Diesel Higher than Gasoline?

May 25, 2022 4:02 pm Published by Comments Off on Why is the Price of Diesel Higher than Gasoline?

May 25, 2022 By Leigh Noda Stillwater Associates has been queried why the retail price of diesel fuel is higher than gasoline—even higher than the retail price of premium gasoline. According to AAA, as of May 20, 2022 California average diesel price was $6.580 per gallon while the average regular gasoline price was $6.064 per...
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Electric Vehicles: How California is helping to reduce petroleum demand in the face of the Ukraine conflict

May 11, 2022 4:59 pm Published by Comments Off on Electric Vehicles: How California is helping to reduce petroleum demand in the face of the Ukraine conflict

May 11, 2022 By Gary Yowell The Biden Administration[1] has been promoting EVs as a key federal strategy to address the current petroleum dilemma brought about by the Russian invasion of Ukraine. Using California, the most proactive EV state in the country as a guide, we can examine the effectiveness of EVs in reducing petroleum use....
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E15: Silver Bullet for Gasoline Prices?

May 10, 2022 10:24 am Published by Comments Off on E15: Silver Bullet for Gasoline Prices?

May 10, 2022 By Adam Schubert Background On April 12th, President Biden announced that the U.S. Environmental Protection Agency (EPA) would issue an emergency waiver of federal gasoline Reid Vapor Pressure (RVP) regulations this summer for E15—a 15% blend of ethanol with gasoline. This action was finalized on April 29th. As ethanol is typically less...
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Flash Report: 4Q2021 LCFS Data Show more than 975,000 MT Net Credit

May 6, 2022 7:00 am Published by Comments Off on Flash Report: 4Q2021 LCFS Data Show more than 975,000 MT Net Credit

April 29, 2021  On Friday, April 29th, CARB posted the fourth quarter 2021 data for the LCFS program. In today’s flash report, we offer a quick look at the fourth quarter data. Our comprehensive analysis will be published in Stillwater’s Quarterly LCFS Newsletter which will be available to subscribers on Thursday, May 12th.  The fourth...
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Economics 101 – Supply and Demand (AKA: Don’t Blame “Big Oil”)

April 5, 2022 3:12 pm Published by Comments Off on Economics 101 – Supply and Demand (AKA: Don’t Blame “Big Oil”)

April 5, 2022 By Jim Mladenik Three major issues have dominated media coverage lately associated with an “existential threat” to humanity: the Covid-19 pandemic, climate change, and the war in Ukraine. Medical science seems to have kept up with the rapidly evolving Covid virus and offers visible hopes for defeating or at least containing it....
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The Convoluted Logic of the U.S. Postal Service

March 26, 2022 3:11 pm Published by Comments Off on The Convoluted Logic of the U.S. Postal Service

March 19, 2022 By Barry Schaps  Recently, the U.S. Postal Service (USPS) announced its decision to phase out the current fleet of 30-year-old Grumman postal trucks, replacing as many as 165,000 vehicles with Oshkosh Defense trucks – a contract valued at $11.3 billion over 10 years. While no one would argue the current fleet of...
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The tragedy in the Ukraine

March 22, 2022 3:30 pm Published by Comments Off on The tragedy in the Ukraine

March 11, 2022 by Charles Daly, Channoil Energy   History of the Soviet Pipelines To understand the energy dynamics of today’s war in Ukraine, it is necessary to visit the history of the pipeline systems that were built during the Soviet period and within the Warsaw Pact countries. Firstly, most of the production of oil...
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California Gas Prices Blow Through Five Dollars

March 9, 2022 5:45 pm Published by Comments Off on California Gas Prices Blow Through Five Dollars

March 9, 2022 By Leigh Noda While the national average for regular gasoline today, March 9th, is $4.25 per gallon, California’s average price is much higher at $5.57 per gallon according to AAA. Just last week, California’s average unleaded regular gasoline price exceed $5 per gallon for the first time ever. While a good portion...
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What happens with a ban on Russian oil imports? 

March 8, 2022 5:24 pm Published by Comments Off on What happens with a ban on Russian oil imports? 

March 8, 2022 By Dave Hackett  Oil is in the news in a big way with the Russian invasion of Ukraine. Until this week, most people didn’t know that the U.S. is an importer of Russian oil. This article will look at U.S. imports in 2021 and put the volumes into context relative to the...
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California’s Scoping Plan: What’s the Scoop?

March 2, 2022 3:14 pm Published by Comments Off on California’s Scoping Plan: What’s the Scoop?

March 2, 2022 By Adam Schubert  California LCFS credit prices have been on a downtrend since 2020 with the return of quarterly credit surpluses driven by increasing volumes of renewable diesel (RD), growth in the electric vehicle (EV) fleet, and dramatic reductions in the carbon intensity (CI) of renewable natural gas (RNG). Many see this...
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Options for Reducing Transport Carbon Emissions

March 2, 2022 1:15 pm Published by Comments Off on Options for Reducing Transport Carbon Emissions

On February 28, Stillwater Senior Analyst, Jim Mladenik presented at the Bioeconomy Hawaii Forum 2022. Jim’s presentation, Options for Reducing Transport Fuel Carbon Intensity, illustrates the fuel greenhouse gas lifecycle versus that of tailpipe emissions. View a PDF version of this presentation here.

What does the recent growth in the LCFS credit bank mean for credit prices in the longer term?

February 7, 2022 4:09 pm Published by Comments Off on What does the recent growth in the LCFS credit bank mean for credit prices in the longer term?

February 1, 2022 Volatility in the LCFS credit market and recently released 3Q2021 data showing nearly 433,000 metric tons in net credits for the quarter have left many investors scratching their heads. What does this mean for the trajectory of the program? How should we think about credit prices going forward? Stillwater Associates’ LCFS Team...
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LCFS 101 – A 2022 Refresher

February 7, 2022 1:15 pm Published by Comments Off on LCFS 101 – A 2022 Refresher

January 20, 2022 By Kendra Seymour It’s been nearly three years since we published an updated 101-level overview of the LCFS. It’s past time. Today, we’re delivering a refresher on the current rules and the latest status of the credit market. Let’s dive in! What is the LCFS? California’s Low Carbon Fuel Standard is one...
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Flash Report: 3Q2021 LCFS Data Show Nearly 433,000 MT Net Credit

February 7, 2022 12:45 pm Published by Comments Off on Flash Report: 3Q2021 LCFS Data Show Nearly 433,000 MT Net Credit

January 31, 2021 On Monday, January 31st, CARB posted the third quarter 2021 data for the LCFS program. The 3Q2021 report gives us insight into the credit bank situation more than a year after COVID-19 stay-at-home orders were put into place in California. In today’s flash report, we offer a quick look at the third...
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2022 Hot Topics – The Transportation Energy Transition is Expanding

January 12, 2022 1:59 pm Published by Comments Off on 2022 Hot Topics – The Transportation Energy Transition is Expanding

January 12, 2022 By Megan Boutwell Stillwater’s focus for 2022 is the transportation energy transition. Regulations in the U.S., Canada, and the European Union (EU) along with corporate commitments to lower greenhouse gas (GHG) emissions are driving investments in low-carbon alternatives to petroleum fuels. Here are some of the transportation energy transition hot topics we’ll...
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The Social Cost of Carbon Part 3: What Does it Cost to Reduce Carbon in California’s Jet Pool?

January 8, 2022 2:38 pm Published by Comments Off on The Social Cost of Carbon Part 3: What Does it Cost to Reduce Carbon in California’s Jet Pool?

January 8, 2022 By Jim Mladenik  Stillwater’s first article on the social cost of carbon (SCC) defined the term and covered how the U.S. estimates the cost of climate change. The U.S. federal government has used numbers varying from $41 per metric ton (MT) under the Obama administration to near $1 per MT under President...
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LCFS Amendment Tales: Chapter 2

January 6, 2022 2:54 pm Published by Comments Off on LCFS Amendment Tales: Chapter 2

January 6, 2022 By Leigh Noda  On December 7th, the California Air Resources Board (CARB) held their second workshop for the current round of potential regulatory amendments to the Low Carbon Fuel Standard (LCFS). The first workshop, Chapter 1, was held more than a year earlier over two days – October 14-15, 2020. CARB staff...
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Are EVs More Fuel Efficient Than Gasoline and Diesel Cars?

January 5, 2022 4:42 pm Published by Comments Off on Are EVs More Fuel Efficient Than Gasoline and Diesel Cars?

January 5, 2022 By Gary Yowell  The U.S. Environmental Protection Agency (EPA), California Air Resources Board (CARB), and EV promoters often claim EVs have three times higher fuel economy than their gasoline counterparts. This is like saying eggs come from grocery stores, which is true, but ignores the fact that eggs originate from laying hens before...
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CCS Incentives for Additional Fizz 

November 8, 2021 1:46 pm Published by Comments Off on CCS Incentives for Additional Fizz 

November 3, 2021 By Adam Schubert   Recent months have seen several announcements of Carbon Capture and Storage (CCS) projects in various stages of development. While commercial CCS operations have limited history, deployment of this technology is seen as a feasible way to eliminate significant volumes of CO2 emissions. In this article, we will take a brief look at existing U.S. incentives for CCS applications in...
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The California Oil Spill – What’s Next?

October 20, 2021 5:04 pm Published by Comments Off on The California Oil Spill – What’s Next?

October 20, 2021 By Nick Griffith We here in Southern California are experiencing our first significant offshore oil spill in some time. It now appears that crude oil, estimated to be about 600 barrels (or about 25,000 gallons), escaped from a fracture in the San Pedro Bay Pipeline which connects Outer Continental Shelf (OCS) Platform Elly to Long Beach. Investigations and surveys continue during the cleanup efforts, after which we should know the range of...
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The Social Cost of Carbon Part 2: Values Used Around the World & What it Costs to Reduce Carbon in California’s Diesel Pool

October 19, 2021 5:12 pm Published by Comments Off on The Social Cost of Carbon Part 2: Values Used Around the World & What it Costs to Reduce Carbon in California’s Diesel Pool

October 19, 2021 By Jim Mladenik  Stillwater’s first article on the social cost of carbon (SCC) defined the term and covered how the U.S. estimates the cost of climate change. In that article we also pointed out the fact that the U.S. federal government has used numbers varying from $41 per metric ton (MT) under the...
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The Cost of the RFS on Refiners and Crack Spread Growth

October 1, 2021 3:29 pm Published by Comments Off on The Cost of the RFS on Refiners and Crack Spread Growth

September 30, 2021 By Leigh Noda What is RVO and how is it applied?  The Renewable Volume Obligation (RVO) on suppliers (refiners and importers) is the U.S. federal Renewable Fuel Standard (RFS) mechanism that creates the obligation to acquire and retire renewable identification numbers (RINs). For each calendar year, an RVO percentage (RVO%) is developed by the U.S. Environmental Protection Agency (EPA) through a rulemaking process. The RVO% is...
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Where Will All of the Renewable Diesel Go?

August 11, 2021 5:09 pm Published by Comments Off on Where Will All of the Renewable Diesel Go?

August 1, 2021 By Jim Mladenik, Olivier Macé, and Kendra Seymour The many announcements in the past months of projects to modify refinery and existing facilities to produce renewable diesel (RD) has caused many observers to ask two questions:  Where will all the feedstocks come from?  Where will all the RD go?  The first of these questions is addressed in a series of monthly highlights in...
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Flash Report: 1Q2021 LCFS Data Show 259,301 MT Draw in the Credit Bank

August 4, 2021 10:49 am Published by Comments Off on Flash Report: 1Q2021 LCFS Data Show 259,301 MT Draw in the Credit Bank

August 2, 2021 On Friday afternoon, July 30th, CARB posted the first quarter 2021 data for the LCFS program. The 1Q2021 report gives us insight into the credit bank situation for a full year following COVID-19 stay-at-home orders. In today’s flash report, we offer a quick look at the first quarter data. Our comprehensive analysis...
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Changes to 45Q US Tax to Drive a New Wave of CCS Projects

June 16, 2021 9:00 am Published by Comments Off on Changes to 45Q US Tax to Drive a New Wave of CCS Projects

June 16, 2021 By Vaughn Hulleman Of the technologies which will help to achieve energy transition goals, carbon capture and storage (CCS) is technically proven, has a long history of use in the oil industry, and yet has had little impact on atmospheric CO2 emissions. The U.S. began incentives for CCS in 2008, with the...
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Stillwater’s Projected Costs of the Approved HB 1091 Clean Fuels Standard

June 15, 2021 6:16 pm Published by Comments Off on Stillwater’s Projected Costs of the Approved HB 1091 Clean Fuels Standard

June 15, 2021 The Washington Clean Fuel Standard (CFS) has been signed into law, but the details of program implementation have not yet been developed by the state’s Department of Ecology (DOE). As such, its costs can currently only be estimated by comparing the Washington CFS legislation to the three existing LCFS-type programs in California,...
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Comparing LCFS Credit Trades and Pricing Between LCFS Programs

June 14, 2021 6:36 pm Published by Comments Off on Comparing LCFS Credit Trades and Pricing Between LCFS Programs

June 14, 2021 By Jim Mladenik  Stillwater’s Low Carbon Fuel Standard (LCFS) team has closely monitored the trends in the LCFS market in California from its inception a decade ago. As other LCFS-style programs are proposed and implemented in additional jurisdictions, we track trends in these nascent markets as well. After browsing recent data released by British Columbia (BC)...
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What does California’s “full reopening” mean for fuels markets? 

June 15, 2021 9:00 am Published by Comments Off on What does California’s “full reopening” mean for fuels markets? 

June 15, 2021 By Dave Hackett  It’s been a weird, rough year for everyone, hasn’t it? As the world begins to return to the “new normal,” lots of folks are wondering what, exactly, that will look like. In our area of expertise, we’ve received a number of questions from clients and reporters pondering the potential economic impact of California’s “full reopening” today, June...
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Taxes and fees drive California’s high diesel prices

May 10, 2021 10:16 pm Published by Comments Off on Taxes and fees drive California’s high diesel prices

May 10, 2021 by Leigh Noda Back in February, we published an article about the factors contributing to the price of gasoline in California. We concluded that, contrary to what some may claim, GHG-reduction programs and taxes on petroleum fuels have a cost, and these costs are passed through to consumers. That first article focused...
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Net Zero – A view from Across the Pond

May 10, 2021 3:38 pm Published by Comments Off on Net Zero – A view from Across the Pond

May 10, 2021 By Olivier (Olly) Macé Over the coming months, Stillwater plans to publish a series of articles highlighting potential paths to Net Zero here in the U.S. and globally. We kick off this series with an article from one of our newest Senior Associates who lives in England. Greetings from old Europe, where...
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Flash Report: 4Q2020 LCFS Data Show 374,000 MT Build in the Credit Bank

April 30, 2021 9:02 pm Published by Comments Off on Flash Report: 4Q2020 LCFS Data Show 374,000 MT Build in the Credit Bank

April 30, 2021 This afternoon, CARB posted the fourth quarter 2020 data for the LCFS program. The 4Q2020 report gives us insight into the credit bank situation for the nine months following COVID-19 stay-at-home orders. In today’s flash report, we offer a quick look at the fourth quarter data. Our comprehensive analysis will be published...
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Flash Report: Washington Legislature Passes Clean Fuel Standard

April 26, 2021 3:10 pm Published by Comments Off on Flash Report: Washington Legislature Passes Clean Fuel Standard

  April 26, 2021  Over the weekend, the Washington State Legislature passed HB 1091, the state’s Clean Fuel Standard. The bill is now on Governor Jay Inslee’s desk awaiting signature. Assuming Governor Inslee signs the legislation, which is all but certain, Washington will join California, Oregon, and British Columbia as states/provinces on the West Coast to enact LCFS style programs that mandate the reduction of carbon...
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