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Posted January 28, 2020 Today in Energy

U.S. biomass-based diesel tax credit renewed through 2022 in government spending bill ›

The U.S. government spending bill signed into law in late December 2019 included several provisions related to federal energy programs. Among these provisions was the reinstatement of a $1.00 per gallon biodiesel mixture credit, commonly referred to as the biodiesel tax credit (BTC). The BTC applies to both biodiesel and renewable diesel (referred to as biomass-based diesel) through 2022. The credit was also retroactively applied to 2018 and 2019. More

biomass-based diesel production

Source: EIA, Petroleum Supply Monthly; U.S. Environmental Protection Agency, EPA Moderated Transaction System

Data Highlights

WTI crude oil futures price

1/27/2020: $53.14/barrel

down$5.40 from week earlier
down$0.55 from year earlier

Natural gas futures price

1/27/2020: $1.902/MMBtu

down$0.101 from week earlier
down$1.276 from year earlier

Retail gasoline price

1/27/2020: $2.506/gal

down$0.031 from week earlier
up$0.250 from year earlier

Retail diesel price

1/27/2020: $3.010/gal

down$0.027 from week earlier
up$0.045 from year earlier

Weekly coal production

1/18/2020: 12.797 million tons

down0.137 million tons from week earlier
down3.166 million tons from year earlier