- U.S. biodiesel production nearly doubled in January, jumping 86 percent compared with December’s output, as a result of the renewal of the $1-a-gallon biodiesel tax credit. January’s nearly 121 million gallon biodiesel production puts the country well on pace to meet the 2013 Renewable Fuels Standard-2 production target of 1.28 billion gallons.
- The weekly U.S. average regular gasoline retail price fell in early March for the first time since mid-December. The Energy Information Administration (EIA) expects that lower crude oil prices will result in monthly average regular gasoline prices staying near the February average of $3.67 per gallon over the next few months, with the annual average regular gasoline retail price declining from $3.63 per gallon in 2012 to $3.55 per gallon in 2013 and $3.38 per gallon in 2014.
- U.S. retail pump prices for diesel exhaust fluid remained steady in February at $2.79 a gallon, the third straight month they have held at that level, according to the latest DEF Tracker.
- The Commerce Department reported that retail sales increased 1.1 percent from January and 4.6 percent from February 2012, beating expectations that called for a more modest rise of .5 percent. The National Retail Federation (NRF) calculated that retail sales increased 0.7 percent from January (excluding restaurants, gas stations, and automobiles). On a year-over-year basis, NRF put retail sales up 0.5 over February 2012.
This article originally ran in NATSO News Weekly (NNW), NATSO's member only weekly electronic newsletter. NNW is packed with the latest updates on government and business issues affecting the truckstop and travel plaza industry.
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