Energy Roundup: Diesel Prices Expected to Climb Further

• Diesel costs are up more than 40% from a year ago — and a new International Energy Agency report forecasts further price pressure.
• U.S. distillate stocks, including diesel and heating oil, have fallen to their lowest levels since 1951.
• The average U.S. gasoline price for Thanksgiving is expected to be at its highest level ever this year.
• Large parts of U.S. are at risk of outages during extreme weather this winter, according to North America’s grid reliability watchdog.
• OMA Connections Partner Clark Schaefer Hackett has published this insight into the federal government’s expanded solar energy tax incentives.
• The federal government’s electric vehicle tax credit could overwhelm manufacturers and cause them to give up on the incentive, an EV manufacturers’ group says.
• The IRS is seeking public comment on energy-related incentives, according to OMA Connections Partner RSM.
• U.S. Senate Energy and Natural Resources Committee Chairman Joe Manchin (D-W.Va.) won’t hold a confirmation hearing for FERC Chairman Richard Glick, reports say.

If you haven’t already, it’s not too late to register for the OMA’s Nov. 29 Energy Committee meeting. Register now. 11/17/2022