Locator: 48541B.
Jobs report: absolutely "Goldilocks."
GDPNow: link here. Up slightly; back above 2% for 3Q24. The estimate is now at 2.1%.
Toyota: to cut 2026 global EV output plans by a third. Link here. Volvo has pushed back their EV plans "by a decade." Now, Toyota is looking beyond next year to delay EV transition. It just dawned on me, the bigger story here. Actually two big stories. More on this later.
Toyota said in a statement there was no change to its intention to produce 1.5 million EVs per year by 2026 and 3.5 million by 2030. It said, however, that the figures were not targets but benchmarks for shareholders.
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Back to the Bakken
WTI: $69.43.
Sunday, September 8, 2024: 24 for the month; 152 for the quarter, 476 for the year
40327, conf, Petro-Hunt, State 144-98-16B-21-2H,
37578, conf, BR, Mathistad 2B MTFH,
Saturday, September 7, 2024: 22 for the month; 150 for the quarter, 474 for the year
40481, conf, CLR, Roadrunner 7-15H,
40328, conf, Petro-Hunt, State 144-98-16A-21-3H,
40149, conf, KODA Resources, Amber 1435-2BH,
40147, conf, KODA Resources, Amber 1402-3BH,
40480, conf, CLR, Roadrunner 6-15H,
39543, conf, Grayson Mill Knight 35-26F 7TFH,
39542, conf, Grayson Mill, Knight 35-26F 6H,
39256, conf, Hess, SC-4WX-LW-153-98-3130H-1,
37579, conf, BR, Croff 2B MTFH,
RBN Energy: no easy answers t California gasoline price spikes. Archived.
Californians love their cars. Be it a lemon-yellow Lamborghini whizzing around Los Angeles freeways or a Jeep cruising the Pacific Coast Highway, getting behind the wheel is not just about coming of age — it’s a life goal in the Golden State. California also typically has the costliest gasoline in the U.S. (except when Hawaii holds that title), exacerbated by occasional price spikes and supply squeezes.
The state responded in 2023 with a new law — SB X1-2 — designed in part to increase gasoline price transparency and assess potential ways to ensure consistent and affordable supply. In today’s RBN blog, we’ll examine the California Energy Commission’s (CEC) first assessment of the law’s impact.
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