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Energy Industry

Energy Sector News Related to Transportation
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.

Check back here for the latest news and insights on energy and transportation, or take a look at these resources:

Webinar | Carbon Neutral Cargo: How are the Container and Dry Bulk Markets Approaching the IMO’s 2030/2050 Emissions Targets? (click “register now” to watch on demand)
White Paper | Turning Your Fleet Green Isn’t Just About Electrification
White Paper | The State of Sustainability in Transportation

John Kingston Wednesday, January 8, 2020

How are diesel prices determined?

Diesel prices, like all commodities, are priced based in real-time based on the balance of supply and demand. Before we dive into how diesel prices are generated, we should discuss the two most important factors in what prices consumers will see at the pump: retail and wholesale.

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