Today in Energy
Five states drove record U.S. natural gas production in 2023
Five states produced more than 70% of the record 113.1 billion cubic feet per day (Bcf/d) of U.S. marketed natural gas production in 2023. Texas accounted for 28% of U.S. marketed natural gas production in 2023, according to our Natural Gas Monthly, followed by Pennsylvania (18%), Louisiana (10%)...
California law and refinery closure reflect ongoing challenges for the state’s fuel market
On October 14, California Governor Gavin Newsom signed bill Abx2-1 into law, empowering California regulators to set and adjust minimum petroleum product inventory levels for refiners in the state, in part to address the state’s fuel price volatility. Shortly after, refiner Phillips 66 announced...
Argentina’s crude oil and natural gas production near record highs
Crude oil and natural gas production in Argentina are both nearing record highs, driven by increasing output from the Vaca Muerta shale formation, which is offsetting declining output from conventional oil and natural gas fields. From January 2021 through September 2024, crude oil production in...
U.S. share of electric and hybrid vehicle sales reached a record in the third quarter
The share of electric and hybrid vehicle sales in the United States increased again in the third quarter of 2024 (3Q24), reaching a record. Combined sales of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles (BEVs) increased from 19.1% of total new light-duty vehicle...
Small volumes of renewable diesel are now consumed on the U.S. East Coast
In 2024, the U.S. East Coast became a consistent destination for small volumes of renewable diesel as a few suppliers and local governments began offering or consuming the fuel. Because no renewable diesel is produced on the East Coast, suppliers and local governments are procuring their supply from...
U.S. inventories enter the winter with the most natural gas since 2016
Working natural gas in storage in the Lower 48 states ended the natural gas injection season with 3,922 billion cubic feet (Bcf), according to estimates based on data from our Weekly Natural Gas Storage Report released on November 7. U.S. inventories are starting winter 2024–25 with the most natural...
U.S. gasoline prices this Thanksgiving are at their lowest since 2020
On the Monday before Thanksgiving, the retail price of regular gasoline averaged $3.04 per gallon (gal) across the United States, 7% less than the same time last year. Retail gasoline prices this Thanksgiving are at their lowest since 2020, when the COVID-19 pandemic disrupted gasoline demand. Read...
U.S. crude oil production established a new record in August 2024
An average of 13.4 million barrels per day (b/d) of crude oil was produced in the United States during August 2024, a new record according to data from our Petroleum Supply Monthly. More crude oil was produced in the United States during August 2024 than during December 2023, when the previous...
Global natural gas market may experience a tighter supply-demand balance this winter
The last two winters in the Northern Hemisphere were exceptionally mild, keeping global natural gas markets well supplied and balanced at relatively low prices. Prices going into this winter are only slightly higher than last year at the same time based on current forward natural gas and liquefied...
U.S. propane inventories are well stocked heading into the winter heating season
The United States is well stocked with propane heading into the winter heating season, which runs from November through March, with U.S. propane inventories at the top of the five-year range spanning the winter of 2019–20 to the winter of 2023–24. Read More...
CountryMark
CountryMark Fuel Stations Kick Off Fueling Wishes Fundraiser to Help Hoosier Children
CountryMark is partnering with Indiana Wish for the third consecutive year to fund the wishes of two Indiana children battling life-threatening illnesses. Through the Fueling Wishes fundraiser, CountryMark is donating 15 cents for every gallon of fuel sold at the CountryMark AgBest Express station in Eaton, IN and the CountryMark Speedy Pete’s station in Monroe Read More......
CountryMark Donates to the American Red Cross – Southwest Chapter to Assist with Disaster Relief
CountryMark has donated to the American Red Cross of Indiana – Southwest Chapter $10,000 for tornado relief in Indiana’s Posey and Gibson counties. Read More......
CountryMark’s Fueling Freedom raises more than $55,000 for local military families
CountryMark’s Fueling Freedom events on June 30 raised over $55,000 to support local National Guard Solider and Family Readiness Groups (SFRG) and United Service Organizations (USO). During Fueling Freedom, 35 CountryMark-branded fueling stations donated 50 cents to organizations with a mission of supporting local military families for every gallon of fuel sold. Read More......
CountryMark Sponsors New Expo Pavilion Coming to Posey County Fairgrounds
The Posey County Fair Association along with major sponsor CountryMark announced today plans to construct an expo pavilion that organizers believe will exceed community expectations. Read More......
CountryMark’s Mt. Vernon Refinery earns EPA’s ENERGY STAR® Certification
The U.S. Environmental Protection Agency (EPA) has recognized CountryMark’s Mt. Vernon, Indiana refinery as an ENERGY STAR® certified facility for 2023. Read More......
Fueling Wishes Raises Over $28,000 to Fund Wishes of Two Hoosier Children in Need
CountryMark fuel stations in Greenfield, Indiana and Winslow, Indiana raised more than $28,000 during the month of September to fund the wishes of two local children battling life-threatening illness through CountryMark’s Fueling Wishes fundraiser. Read More......
Two CountryMark Fuel Stations will Host Fundraisers for Children in Need
CountryMark’s Fueling Wishes fundraiser is returning for the second year to fund the wishes of two Hoosier children battling critical illnesses. During the month of September, CountryMark is donating 20 cents for every gallon of fuel sold at the CountryMark station in Greenfield, IN and the CountryMark station in Winslow, IN to fund the wishes Read More......
CountryMark’s Fueling Freedom raises over $65,000 for local military families
CountryMark’s Fueling Freedom events on June 30 raised more than $65,000 to support local National Guard Solider and Family Readiness Groups (SFRG) and United Service Organizations. Across Indiana, Illinois, and Ohio, 34 CountryMark-branded fueling stations participated in Fueling Freedom 2023. For every gallon of fuel pumped, CountryMark and local branded dealers agreed to donate 50 Read More......
CountryMark Named One of Indiana’s Fastest Growing Companies
CountryMark was named this week by the Indianapolis Business Journal as one of the state’s fastest growing companies based on 2022 revenues. This was CountryMark’s first time to be included in the IBJ’s list of fast-growing companies. Read More......
