Gasoline
U.S. gasoline market set for fresh test after near-record stock draws
U.S. gasoline prices have already jumped by 50% to close to four-year highs since the U.S. and Israeli war against Iran began on February 28, and currently average around $4.33 per gallon.
U.S. oil refiners finally profit from biofuels due to mandates, high fuel prices
While stronger demand for renewable fuels and favorable policy signals have encouraged refiners to churn out more products, it remains unclear whether this will prompt producers to commit capital to expanding production capacity after several ventures have failed to break into this market.
Update: U.S. House passes bill allowing year-round sales of E15 gasoline
The House on Wednesday approved the H.R. 1346 bill, or the Nationwide Consumer and Fuel Retailer Choice Act, by a vote of 218 to 203, which would allow fuel retailers to offer E15 year‑round, removing seasonal restrictions linked to smog concerns.
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Construction Boxscore: Project Spotlight
Project:
Long Son Petrochemicals Complex
Location:
Long Son, Vietnam
Operator:
Siam Cement Group
Cost:
$5.4 B
Capacity:
1.65 MMtpy
Completion date:
2023
Status:
Under Construction

