Archive for the ‘CHEMICAL’ Category

Port of Corpus Christi aims to be large-scale carbon storage hub

The Port of Corpus Christi and the Texas General Land Office (GLO) have announced an agreement to develop carbon storage solutions in the Coastal Bend region along the Gulf of Mexico. The partnership aims to build infrastructure that will capture and permanently store carbon dioxide produced during oil and natural gas development in the Corpus Christi […]

Colonial Pipeline Resumes Operations After Shutdown for Ida

Colonial Pipeline Co., a vital fuel transporter in the Southeast U.S., has restored operations following a temporary shutdown during Hurricane Ida, likely alleviating concerns about a new round of gas shortages in the region. The Colonial Pipeline Co. said Aug. 31 that it had restored service on two lines running from Houston to Greensboro, N.C., […]

Port of Corpus Christi converting refinery to carbon-neutral production facility

The Port of Corpus Christi and Howard Energy Partners are teaming to convert a natural gas refinery along the Gulf of Mexico into a carbon-neutral hydrogen production facility. The port and Howard Energy recently announced a memorandum of understanding under which Howard said it will capture its carbon emissions at its Javelina refinery in Corpus Christi, Texas, according […]

US Forecasts Highest Summer Fuel Prices Since 2018

Drivers eager to get back on the road more than a year into the pandemic will face the highest summer gasoline prices since 2018, according to a U.S. government report. Prices at the pump will average $2.78 a gallon from April to September in the U.S., more than 30% higher than last summer. While COVID-19 […]

Diesel Rises 2.6¢ to $2.696 as Price Continues to Increase

For the second week in a row, drivers in 2021 are seeing higher diesel prices as the nationwide cost of trucking’s main fuel ticked up, as it did during the last weeks of 2020, the Energy Information Administration reported Jan. 18. The price of diesel notched a 2.6-cent increase, rising in all 10 regions EIA […]

Diesel market in 2021: Something closer to normalcy likely on tap

The crude oil and diesel markets are entering 2021 on a bullish run, with the primary commodity exchange price of diesel just about where it was when the pandemic put the final dagger into prices in early March and with OPEC and its OPEC+ brethren shocking markets with a decision on further restraining output. The […]

Average Diesel Price Declines for Sixth Time in Seven Weeks

The national average price of diesel decreased seven-tenths of a cent, according to the Energy Information Administration’s weekly data released Oct. 19. The fall is the sixth drop in the past seven weeks. Trucking’s main fuel now costs $2.388 a gallon, 66.2 cents less than a year ago. Gasoline, meanwhile, dropped 1.7 cents to an […]

Diesel Jumps 1.5¢ After Hurricane Laura Ravages Gulf Region

The price of diesel jumped by 1.5 cents nationwide to $2.441 a gallon, the Energy Information Administration reported Aug. 31, as much of the nation’s oil exploration and refining capacity was shut down because of two severe-weather events. Hurricane Laura and Tropical Storm Marco wreaked havoc after coming ashore off the Gulf of Mexico, near […]

Diesel Increases by a Penny; Gas Climbs Back Above $2

The nationwide average price of a gallon of diesel increased by one cent to $2.396, according to the weekly report from the government’s Energy Information Administration on June 8. Still, the trucking industry’s main fuel is 70.9 cents a gallon less expensive than the same week last year. Gasoline, meanwhile, marched back above $2 with […]

Diesel Nudges Up 0.4¢ to $2.39 a Gallon for First Rise This Year

The nationwide average price of diesel fuel increased by about half a penny, the U.S. Energy Information Administration reported May 26, ending a string of 19 consecutive weekly price decreases in 2020. The price of diesel rose 0.4 cent to $2.390 a gallon from $ 2.386 the previous week. Trucking’s main fuel costs 76.1 cents […]