Since 2023, pipeline companies have completed four new petroleum liquids pipeline projects in the United States—three crude oil pipeline projects and one hydrocarbon gas liquids (HGL) project—according to our recently updated Liquids Pipeline Projects Database. No new petroleum product pipeline projects were completed during this period. Petroleum product pipelines carry gasoline, diesel, jet fuel, and other refinery products.
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10-21-2024
Hurricane Milton made landfall on Florida's western coast on October 9 as a Category 3 hurricane. The hurricane and accompanying rain, winds, and flooding disrupted key gasoline supply chains to the state, leaving hundreds of retail gasoline stations without fuel. However, the average retail price of regular gasoline in Florida has remained relatively stable in the storm's aftermath, remaining flat at $3.04 per gallon (gal) this week, as supply chains began to recover.
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10-18-2024
Capacity to produce biofuels increased 7% in the United States during 2023, reaching 24 billion gallons per year (gal/y) at the start of 2024, led by a 44% increase in a category we call renewable diesel and other biofuels. Other biofuels includes renewable heating oil, renewable jet fuel, also known as sustainable aviation fuel and renewable naphtha and gasoline.
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10-17-2024
U.S. coal exports from the Port of Baltimore rebounded at the end of May 2024, according to recently released data from the U.S. Census Bureau. Shipments from the port's two coal-loading terminals had stopped for almost two months following the collapse of the Francis Scott Key Bridge on March 26. The main shipping channel into the Port of Baltimore reopened on May 21.
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10-16-2024
Refinery margins for petroleum refiners across the world are shrinking, indicating reduced profitability from refining crude oil and selling petroleum products. Declining margins are the result of relatively weak demand for petroleum products even as global refining capacity increases.
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10-15-2024