Please add the Governors' Biofuels Coalition to your address book for uninterrupted delivery
View this email in a web browser.
Governors' Biofuels Coalition
NEWS UPDATE July 12, 2022

Top Story

Gas Station Owners, Blamed When Prices Rose, Face Risks as Prices Fall

By Benoît Morenne, Wall Street Journal  •    •  Posted July 12, 2022

Gasoline prices are falling almost as quickly as they rose, creating new headaches for the mom-and-pop entrepreneurs and other independent operators who run roughly half of U.S. gas stations. Fuel station owners set the prices consumers see at the pump, based on what they initially paid to fill their underground tanks of gasoline and diesel. They have to sell that fuel for a corresponding amount to recoup their investments and manage a profit, which can take days or weeks, depending on how quickly they turn over their inventory. [ read more … ]

States

How Minnesota cities and counties are dealing with rising gas prices

By Katelyn Vue and David Chanen, Star Tribune  •    •  Posted July 12, 2022

Shocked at how much it is costing to fill up your car with gas these days? Imagine running a city fleet of some 400 vehicles — many of them gas guzzlers. Skyrocketing gas prices recently neared $5 a gallon in the Twin Cities. Motorists filling up their cars and trucks are not the only ones feeling the pinch. Governments with their squad cars, dump trucks, fire engines and park equipment are scrambling to make sure their spending remains on budget and their vehicles remain on the road. [ read more … ]

First solar-powered center pivot system launched in Nebraska

By Kellan Heavican, Brownfield  •    •  Posted July 12, 2022

A farm in South-Central Nebraska is the site of one of the nation’s first solar-powered center pivot systems. Valley Irrigation and Farmers National Company recently partnered on the project, which provides power to a 7-tower, corner arm machine to help offset energy consumption to irrigate the field. [ read more … ]

Markets

High UAE gas prices stand out where cheap fuel was the norm

By ISABEL DEBRE, Associated Press  •    •  Posted July 12, 2022

Mere years ago, fuel was cheaper than bottled water in the oil-rich United Arab Emirates. Now, long lines snake outside gas stations on the eve of price hikes each month. Fuel prices in the major OPEC producer, set in line with global oil price benchmarks, have soared over 70% since Russia’s invasion of Ukraine, accentuating differences with neighboring petrostates that heavily subsidize gasoline. [ read more … ]

Ahead of Wednesday’s inflation data, White House highlights ‘substantial declines in gas prices’

By Victor Reklaitis, MarketWatch  •    •  Posted July 12, 2022

The report for the consumer price index is expected to show a year-over-year rise of 8.8% for June, according to economists polled by The Wall Street Journal. The June CPI data “will largely not reflect the substantial declines in gas prices we’ve seen since the middle of June,” because that data “captures the average price over the course of a month,” says the memo from two top White House economic officials, Brian Deese and Cecilia Rouse. [ read more … ]

Congress

House Ag Leaders Set up On-Line Comment Form for Farm Bill

By Chris Clayton, DTN Ag Policy Editor  •    •  Posted July 12, 2022

The chairman and ranking member of the House Agriculture Committee on Monday announced an on-line form for people to submit their comments on the next farm bill. Rep. David Scott, D-Ga., chairman of the committee, and Rep. Glenn “GT” Thompson, R-Pa., ranking member of the committee, said “getting direct input from producers, stakeholders and consumers on how various farm bill programs are working for them” is an “integral part of the oversight and review process for the 2018 farm bill and further preparation for the 2023 farm bill.” [ read more … ]

EVs

Advanced E.V. Batteries Move From Labs to Mass Production

By Jack Ewing, New York Times  •    •  Posted July 12, 2022

For years, scientists in laboratories from Silicon Valley to Boston have been searching for an elusive potion of chemicals, minerals and metals that would allow electric vehicles to recharge in minutes and travel hundreds of miles between charges, all for a much lower cost than batteries available now. Now a few of those scientists and the companies they founded are approaching a milestone. They are building factories to produce next-generation battery cells, allowing carmakers to begin road testing the technologies and determine whether they are safe and reliable. [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.