“By forcing refiners to put more ethanol into gasoline than is warranted by the underlying economics, we are pushing up the price of both gasoline and food.”
The emissions benefits of it are negligible, if they even exist at all. Let ethanol live or die on its own in the market.
@Michael_L_Rauch@Rivian@Tesla The cargo cover is always the first thing I remove on a new car, and it then collects dust in the garage for the rest of time. Optional isn’t all bad.
Look carefully at the bottom of the chart.
Likely disruption to the global auto industry is expected to be close to all the other listed products combined.
@LeviBetz I think the long game has always been to exit the consumer vehicle space and just license FSD. The vehicles have undeniably shaped their respective markets and forced the legacy OEMs to innovate, but Tesla clearly doesn’t have a desire to remain competitive.
The ~8 million barrels per day global market for jet fuel is showing signs of stress — more than gasoline and diesel. But why jet fuel and why now? ✈️🛫🛬🛢️
Here's a thread 🧵 (with good looking charts) to help answer.
Global spot jet fuel prices have gone over $200/b recently and remain elevated - between $150-160/b.
For those who think I am making this up, Toyota is about to release a service bulletin stating you can temporarily use 0w20 in lieu of 0w8 and 0w16 because the Shell Pearl GTL facility at Ras Laffan Qatar is completely offline and we are going to run out of 0w20 soon. Bookmark it
@datamanAK $5/gal is a big psychological milestone for drivers and retailers alike. But the threshold for demand destruction varies by region, and I don’t think retailers will feel the squeeze until Alaskans actually start conserving fuel and driving less. We’re not there yet.
@CrazyWeeMonkey Truly a great car in so many respects, but totally agree about the steering wheel. They’re getting better, but the last one I drove was a 2023 and it literally felt like a $100k car with a $10 steering wheel.
a double spike day I don't believe in my ~20 years I've ever seen this- $4.79, then updated to $4.99. unprecedented. what's even more wild that the market has completely gone insane is that all 3 markets are the SAME- MI/IN/OH
@CrazyWeeMonkey Perhaps, but the bottleneck becomes less impactful to the user experience as the charging times diminish. A 9-minute charge that could be 6 is much less of a constraint than a 30 minute charge that could be 15.
Here comes the food inflation
Costs for food companies jumped 7.9% yoy in March (vs. 4.2% in Feb.)
This is basically just from higher fuel costs - we're still waiting for the impact of higher fertilizer, plastics, etc.
From the Odd Lots newsletter:
https://t.co/y6NWptOKSD
Electrification, powered by a diversified mix of energy resources, is critical to reducing the local impact of global energy market volatility.
https://t.co/9ShOtpqpHo
I'll die on this hill. As a DC professional I've long argued with friends and colleagues that they aren't getting enough sleep, and they are in total denial about how cognitively impaired they are.
Unclear what the source of this information is, but one can do a simple modification of the DoR Fall '25 Rev Sources book Inc Statement Table and see that @ ANS $120 the state makes ~$28 per barrel and the companies are making $42 (assuming this is a Prudhoe barrel)