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Posted February 27, 2024 Today in Energy ›

Biomass-based diesel and ethanol compliance credit prices decline 45% from start of year ›

The price of compliance credits for biomass-based diesel and ethanol has decreased about 45% since the start of the year, when prices were already the lowest in about three years. The decline in the price of credits, known as renewable identification numbers (RINs), is due primarily to lower costs for agricultural feedstocks relative to petroleum fuels, and we expect prices to remain subdued due to record-high credit generation from the production of renewable diesel. More

inflation-adjusted daily spot prices for ethanol and biomass-based diesel RINs

Data source: Oil Price Information Service and U.S. Bureau of Labor Statistics, Consumer Price Index

Data Highlights

Retail gasoline price

2/26/2024: $3.249/gal

down$0.020 from week earlier
down$0.093 from year earlier

Retail diesel price

2/26/2024: $4.058/gal

down$0.051 from week earlier
down$0.236 from year earlier

WTI crude oil futures price

2/23/2024: $76.49/barrel

down$2.70 from week earlier
up$1.10 from year earlier

Natural gas futures price

2/23/2024: $1.603/MMBtu

down$0.006 from week earlier
down$0.711 from year earlier

Weekly coal production

2/17/2024: 10.136 million tons

down0.405 million tons from week earlier
down1.381 million tons from year earlier