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Posted July 17, 2024 Today in Energy ›

U.S. production capacity for sustainable aviation fuel to grow ›

Production capacity of sustainable aviation fuel (SAF) in the United States could increase from around 2,000 barrels per day (b/d) to nearly 30,000 b/d in 2024 if all announced capacity additions come on line. Developers expect Phillips 66’s Rodeo Renewed project to produce up to about 10,000 b/d of SAF beginning this summer, and they expect Diamond Green Diesel’s Port Arthur SAF project to produce about 15,000 b/d of SAF by the end of the year. More

annual U.S. other biofuels production

Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), July 2024, and U.S. Environmental Protection Agency, Moderated Transaction System (EMTS)

Data Highlights

Retail gasoline price

7/15/2024: $3.496/gal

up$0.007 from week earlier
down$0.063 from year earlier

Retail diesel price

7/15/2024: $3.826/gal

down$0.039 from week earlier
up$0.020 from year earlier

Crude oil inventories

7/12/2024: 440.2 million barrels

down4.9 million barrels from week earlier
down17.2 million barrels from year earlier