The energy sector and transportation industry are closely linked. The U.S. Energy Information Administration reports that about 28% of total U.S. energy consumption in 2021 was for the transportation of people and goods. Major energy sources used for transportation include petroleum products (such as gasoline, diesel fuel, jet fuel and propane), biofuels (ethanol and biomass-based distillates), natural gas and electricity. In 2021, petroleum products accounted for about 90% of U.S. transportation sector energy use, followed by biofuels (about 6%) and natural gas (about 4%). Electricity made up less than 1% of the total transportation sector energy use.
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FreightWaves Classics profiles former U.S. Secretary of Transportation and Energy Federico Peña.
The gap between California’s diesel prices and the rest of the country has been growing for years. An expert gives his views on why.
Outright diesel prices in the spot and futures markets are declining, and there are other market indicators suggesting possible relief for the East Coast market.
Join FreightWaves for the Net-Zero Carbon Summit on April 22.
Spreads between retail and wholesale prices have been at a record low and a record high in just one week.
Estimates are for increases in supply of several hundred percent, raising the question of whether there are enough raw materials to reach those renewable diesel goals.
From a lack of labor to concerns over long-term value, there are hurdles to the U.S. industry ramping up output.
The cost curve is pointing downward in the production of green hydrogen, according to the head of a company that builds fuel cells.
WoodMac’s Shattuck: The U.S. oil and gas industry is embracing a low-carbon future and looking for a way to get to net zero.
Renewable natural gas (RNG) is the leading low carbon solution that helps trucking companies and shippers reduce their carbon footprint and meet their sustainability goals.
