Why Gasoline Costs So Much (And Why It's Going to Cost More) Andrew P

Total Page:16

File Type:pdf, Size:1020Kb

Why Gasoline Costs So Much (And Why It's Going to Cost More) Andrew P Brooklyn Law Review Volume 72 | Issue 3 Article 3 2007 Market Fragmenting Regulation: Why Gasoline Costs So Much (And Why It's Going to Cost More) Andrew P. Morriss Nathaniel Stewart Follow this and additional works at: https://brooklynworks.brooklaw.edu/blr Recommended Citation Andrew P. Morriss & Nathaniel Stewart, Market Fragmenting Regulation: Why Gasoline Costs So Much (And Why It's Going to Cost More), 72 Brook. L. Rev. (2007). Available at: https://brooklynworks.brooklaw.edu/blr/vol72/iss3/3 This Article is brought to you for free and open access by the Law Journals at BrooklynWorks. It has been accepted for inclusion in Brooklyn Law Review by an authorized editor of BrooklynWorks. Market Fragmenting Regulation WHY GASOLINE COSTS SO MUCH (AND WHY IT’S GOING TO COST MORE) Andrew P. Morriss† & Nathaniel Stewart†† INTRODUCTION Virtually everyone holds an opinion on what is wrong with gasoline markets. Some critics argue that gasoline costs too much, fattening greedy oil barons at the expense of consumers.1 Some link reducing oil producers’ profits to stopping terrorism.2 Others contend that gasoline costs too little, subsidizing suburban sprawl and gas-guzzling SUVs at † H. Ross & Helen Workman Professor of Law & Professor of Business Administration, University of Illinois; Galen J. Roush Professor of Business Law & Regulation, Case Western Reserve University School of Law; Senior Scholar at the Mercatus Center at George Mason University, and Senior Fellow, Property & Environment Research Center, Bozeman, Montana. A.B. Princeton University; J.D., M.Pub.Aff. University of Texas; Ph.D. (Economics) Massachusetts Institute of Technology. The authors thank the Mercatus Center for funding the research that made this paper possible and A.F. Alhajji and Robert L. Bradley for comments. Marc Demers provided excellent research assistance. Andrew Dorchak provided his always excellent reference assistance. All errors are, of course, the sole responsibility of the authors. †† Fellow in Regulatory Studies at the Mercatus Center at George Mason University, and Roe Fellow in Law at the Property & Environment Research Center, Bozeman, Montana. B.A. Hillsdale College; M.A. John Carroll University; J.D. Case Western Reserve University School of Law. 1 See, e.g., Press Release, Congresswoman Nancy Pelosi, With Skyrocketing Gas Prices, Americans Can No Longer Afford Rubber Stamp Congress (Apr. 24, 2006), available at http://www.house.gov/pelosi/press/releases/April06/Rubberstamp.html (“With record gas prices, record CEO pay packages, and record oil company profits, Speaker Hastert and the Majority Congress continue to give the American people empty rhetoric rather than join Democrats who are working to lower gas prices now.”); Press Release, Sierra Club, Update on Congressional Action this Week on Several Environmental Fronts (Nov. 8, 2005), available at http://www.sierraclub.org/ pressroom/releases/pr2005-11-08.asp (discussing Sierra Club’s calling on Congress to “put money back in the pockets of Americans who need it, not in the coffers of multinational oil companies”); Surges in Energy Prices, The Nader Page, Mar. 13, 2004, http://www.nader.org/interest/031304.html (“The expanding volume of consumer dollars here are going to the oil industry.”). 2 See Gary S. Becker, Let’s Make Gasoline Prices Even Higher, BUS. WK., May 31, 2004, at 24, available at http://www.businessweek.com/magazine/content/ 04_22/b3885046_mz007.htm. 939 940 BROOKLYN LAW REVIEW [Vol. 72:3 the expense of the environment.3 Web sites track gasoline prices4 and grocery stores sell low-cost fuel to lure shoppers.5 Policy makers debate whether gas taxes should be cut to lower the cost of living;6 need to be increased to make drivers pay the full cost of their behavior;7 or whether gas taxes should be a user fee for highway use.8 The Federal Trade Commission (FTC), congressional committees, and a host of state governments have repeatedly investigated gasoline prices, searching for someone to blame when prices rise. These debates treat gasoline as a fungible commodity, widely traded in a national or international market. And for most Americans, gasoline gives every appearance of being just such a commodity—you can fill up in Boston or Dallas, Los Angeles or Cleveland, from pumps that look much the same from city to city, and your car will run without noticeable differences in performance regardless of where you bought gas. But Gulf Coast refinery closures in the wake of Hurricanes 3 See, e.g., Thomas L. Friedman, Seeds for a Geo-Green Party, N.Y. TIMES, June 16, 2006, at A31 (calling for a $1 per gallon gasoline tax to “increase the price of gasoline to a level that would ensure that many of the most promising alternatives— ethanol, biodiesel, coal gasification, solar energy, nuclear energy and wind—would all be economically competitive with oil and thereby reduce both our dependence on crude and our emissions of greenhouse gases”); Jacob Weisberg, I Smell Gas, SLATE, Apr. 26, 2006, http://www.slate.com/id/2140613 (“Cheap gasoline imposes its own costs on society: greenhouse gas emissions, air pollution and its attendant health risks, traffic congestion, and accidents. The ideal way to cope with these externalities would be with higher gas taxes or a carbon tax.”). 4 See, e.g., UCAN’s Gasoline Price Tracking Service, http://home.fueltracker.com/ home.html (last visited Apr. 12, 2007) (providing low gas prices for San Diego County); GasBuddy.com, http://www.gasbuddy.com (last visited Apr. 12, 2007) (locator for low gas prices in the United States and Canada). 5 Kathy Showalter, Grocers See Gold in Gas, Add Discounted Pumps, BUS. FIRST OF COLUMBUS, June 12, 2006, available at http://columbus.bizjournals.com/ columbus/stories/2006/06/12/story3.html (describing trend toward subsidized gas prices as means of luring customers to grocery stores); U.S. FED. TRADE COMM’N, THE PETROLEUM INDUSTRY: MERGERS, STRUCTURAL CHANGE, AND ANTITRUST ENFORCEMENT 42 (2004) [hereinafter FTC, MERGERS] (stating that “the FTC observed significant growth in low-price gasoline retailing by supermarkets, club stores, and mass merchandisers”). 6 See, e.g., Russell Nichols, Bill Proposes Gas Tax Cut to Save 21 Cents a Gallon, BOSTON GLOBE, May 11, 2006, at B1, available at http://www.boston.com/ news/local/articles/2006/05/11/bill_proposes_gas_tax_cut_to_save_21_cents_a_gallon (discussing proposed temporary repeal of Massachusetts gasoline tax to reduce cost of living for “working families and small businesses”). 7 See, e.g., Friedman, supra note 3 (calling for gasoline tax increases). 8 David J. Forkenbrock & Paul F. Hanley, Mileage-Based Road User Charges, PUBLIC ROADS (Mar./Apr. 2006), http://www.tfhrc.gov/pubrds/06mar/02.htm (“For almost a century, the motor fuel tax has been the mainstay of highway finance in the United States. This method has the advantage of being roughly proportional to the distance traveled and thus has the desirable attribute of being a pay-as-you-go form of user charge.”). 2007] WHY GASOLINE COSTS SO MUCH 941 Rita and Katrina highlighted the fragility of gasoline markets,9 and significant differences in gasoline prices throughout the United States over the last few years10 have raised questions about whether a national market really exists. If the gasoline market is not a national one, there are serious implications for both consumer welfare and public policy. Broad, national markets are able to absorb the impact of regulations at lower costs to the consumer than are narrow, fragmented markets. Moreover, fragmented markets offer the potential for implicit collusion among producers, collusion that can be facilitated by regulatory measures. A recent regional price spike in Phoenix, Arizona illustrated the fragmented nature of U.S. gasoline markets. On July 30, 2003, the pipeline supplying gasoline to Phoenix ruptured, cutting gasoline supplies to Phoenix by 30%.11 Phoenix gas stations sought alternate supplies from West Coast refineries, offering to pay higher prices to bid the gasoline away from California retailers. These West Coast refineries had limited gasoline supplies, however, after earlier unplanned refinery closures had left them with lower than normal inventories. Because the Environmental Protection Agency (EPA) requires Phoenix to use a special blend of gasoline to control air pollution, gasoline from nearby Tucson could not be sold in Phoenix until the EPA waived the boutique fuel requirement on August 20.12 Once the waiver was granted, 9 See U.S. CONG. BUDGET OFF., THE MACRO-ECONOMIC AND BUDGETARY EFFECTS OF HURRICANES KATRINA AND RITA: AN UPDATE 19-20 (2005), available at http://www.cbo.gov/ftpdocs/66xx/doc6669/09-29-EffectsOfHurricanes.pdf (describing impact of Hurricanes Rita and Katrina on refineries); U.S. FED. TRADE COMM’N, GASOLINE PRICE CHANGES: THE DYNAMIC OF SUPPLY, DEMAND, AND COMPETITION 28-29 (2005) [hereinafter FTC, GASOLINE PRICE CHANGES] (noting that as a result of Ivan, crude oil production immediately fell by 83% and continued below normal for several months, with reductions in crude from Venezuela also occurring due to tanker delays caused by the storm). 10 CARL E. BEHRENS & CAROL GLOVER, CONG. RES. SERV. ISSUE BRIEF IB10134, GASOLINE PRICES: POLICIES AND PROPOSALS 1 (Oct. 27, 2005), available at http://fpc.state.gov/documents/organization/56862.pdf (In the five years before 2004, “gasoline prices demonstrated a great deal of regional volatility but less of an increase at the national level.”). 11 This example is drawn from FTC, GASOLINE PRICE CHANGES, supra note 9, at 1-6. 12 The delay was due to Arizona’s delay in requesting a waiver, not the EPA’s processing. The waiver was requested on August 19 and granted on August 20. Id. at 3-4. 942 BROOKLYN LAW REVIEW [Vol. 72:3 gas from Tucson was trucked to Phoenix, raising prices in Tucson but lowering them in Phoenix.13 U.S. gasoline markets are fragmented and that fragmentation stems from over a century of often inconsistent, overlapping regulations of gasoline and petroleum markets.
Recommended publications
  • Contribution by the United Nations Secretariat
    UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT G20 Study Group on Commodities CONTRIBUTION BY THE UNITED NATIONS SECRETARIAT April 2011 UNITED NATIONS Contribution by the United Nations Secretariat iii Table of contents Area (5) - ROLES OF FINANCIAL MARKETS IN COMMODITY PRICE DEVELOPMENTS I. Introduction ........................................................................................................................................................ 1 II. Trends and developments in financial markets for commodities....................................................................... 1 III. Roles of different types of financial market players and their consequences .................................................... 4 IV. The interplay between physical and financial markets ...................................................................................... 8 V. The overall impact on commodities price developments and market liquidity ............................................... 10 A. Trader positions and commodity prices .................................................................................................... 10 B. Herding and its effects in many different markets .................................................................................... 12 VI. Interviews of market participants .................................................................................................................... 17 VII. Conclusions .....................................................................................................................................................
    [Show full text]
  • Home Heating Oil Tanks – a Hidden Threat?
    Home Heating Oil Tanks – A Hidden Threat? For many homeowners, especially those that own shorefront property, your heating oil storage tank may be the greatest risk of financial liability to which you will ever be exposed. If you are uncomfortable exposing your self to possibly hundreds of thousands of dollars of clean up costs, permanent property devaluation and legacy liens on your property, please read on. Homes have been heated with #2 heating oil and kerosene for many generations. Both fuels have proven to be safe and reliable forms of home heating energy. Compared to natural gas, propane, electric, and solid fuel - oil and kerosene carry an added risk to the homeowner - the chance of a release of federally designated Haz-Mat material which, exceeding a total release of 10 gallons, requires an extensive and expensive clean up to protect both the environment and its inhabitants from lasting negative effects. For this discussion we will look at heating tanks in three separate categories – (1) standard home heating oil tanks, usually 275 gallons and located in the cellar, (2) underground oil tanks ranging in size from 275 gallons to 1000 gallons and (3) above ground oil tanks located outside or in garages or other outbuildings. Standard cellar oil tanks Many homes have a 275-gallon oil tank located in the cellar with a fill and vent pipe terminating to the outside of the home. Current code requires that the fill pipe be equipped with an industry approved fill cap that allows your heating oil supplier to couple their delivery hose to the tank, leak free.
    [Show full text]
  • Matthew Huber
    Journal of American Studies http://journals.cambridge.org/AMS Additional services for Journal of American Studies: Email alerts: Click here Subscriptions: Click here Commercial reprints: Click here Terms of use : Click here Refined Politics: Petroleum Products, Neoliberalism, and the Ecology of Entrepreneurial Life MATTHEW HUBER Journal of American Studies / Volume 46 / Special Issue 02 / May 2012, pp 295 ­ 312 DOI: 10.1017/S0021875812000126, Published online: 30 May 2012 Link to this article: http://journals.cambridge.org/abstract_S0021875812000126 How to cite this article: MATTHEW HUBER (2012). Refined Politics: Petroleum Products, Neoliberalism, and the Ecology of Entrepreneurial Life. Journal of American Studies, 46, pp 295­312 doi:10.1017/S0021875812000126 Request Permissions : Click here Downloaded from http://journals.cambridge.org/AMS, IP address: 92.28.162.159 on 07 Jan 2013 Journal of American Studies, (), , – © Cambridge University Press doi:./S Refined Politics: Petroleum Products, Neoliberalism, and the Ecology of Entrepreneurial Life MATTHEW HUBER Oil is often thought of as a sole commodity with singular powers to shape geopolitics, economic development, and environmental change. Yet the complex hydrocarbon assemblage of crude oil is only commodified through the refining process, which produces a multiplicity of products (e.g. gasoline, heating oil, petrochemicals). In this paper, I argue that petroleum products provide the supplementary materiality for a neoliberal cultural politics of “life.” In the first section, drawing from Gramsci and Foucault, I argue that the popular basis of neoliberal hegemony is rooted in a cultural politics of “entrepreneurial life” that accompanied increasing suburbaniza- tion, single-family homeownership and widespread automobility in the post-World War II United States.
    [Show full text]
  • Biodiesel Blending in Home Heating Oil a Smart Choice for New York
    Biodiesel Blending in Home Heating Oil A Smart Choice for New York A Policy Paper New York Public Interest Research Group Fund June, 2014 Acknowledgements This report was written by Joseph Stelling of the New York Public Interest Research Group Fund. The author thanks Executive Director Rebecca Weber, Legislative Director Blair Horner, and Special Projects Director Diana Fryda for their significant contributions to this report. The New York Public Interest Research Group Fund (NYPIRG) is a non-partisan, not-for-profit organization working to cultivate a broad, solution-centered understanding of critical matters affecting the environment, health, democratic institutions and quality of life among New York State’s residents. NYPIRG’s unique approach to public engagement relies upon a solid foundation of research, data analysis, published reports and earned media alongside a rooted, organized presence in communities across New York State earned through decades of face-to- face community outreach, activist recruitment, advocacy training, coalition work, event organizing and voter empowerment. ©2014, NYPIRG You can download the report by going to the NYPIRG website: www.nypirg.org Blending Biodiesel in Home Heating Oil: A Smart Choice for New York Executive Summary This report explores the potential benefits of blending biodiesel into heating oil for New York State. The findings of this report indicate that standardized blending of modest amounts of biodiesel into home heating oil across New York would result in substantial environmental, public health, consumer and economic benefits. Key Findings: 1) Biodiesel blending in heating oil offers reductions in harmful emissions such as particulate matter, sulfates and air toxics, significant lifecycle reductions in climate- altering carbon emissions, and increased sustainability in energy practices.
    [Show full text]
  • A Historical Geography of Natural Gas and the Capitalist State in an Age of Climate Change
    Syracuse University SURFACE Dissertations - ALL SURFACE December 2018 Gaseous State: A Historical Geography of Natural Gas and the Capitalist State in an Age of Climate Change Carlo Sica Syracuse University Follow this and additional works at: https://surface.syr.edu/etd Part of the Social and Behavioral Sciences Commons Recommended Citation Sica, Carlo, "Gaseous State: A Historical Geography of Natural Gas and the Capitalist State in an Age of Climate Change" (2018). Dissertations - ALL. 956. https://surface.syr.edu/etd/956 This Dissertation is brought to you for free and open access by the SURFACE at SURFACE. It has been accepted for inclusion in Dissertations - ALL by an authorized administrator of SURFACE. For more information, please contact [email protected]. Abstract In the 1930s U.S., a set of social forces and crises pushed forward state energy regulation. As states struggle to end greenhouse-gas emissions from fossil fuels, the threat of climate change demands new explanations for how energy policy emerges. In this dissertation, I explain the period of U.S. natural gas regulation between 1938 and 1978 from critical political economy and Marxist state theoretical perspectives. My main conclusion is that the capitalist state stabilizes markets for energy to serve capital with an auxiliary means of production. Based on that conclusion, I recommend that Marxist state theory be class-centered, i.e., recognize that the agency of mass movements and state workers to reform the capitalist state is structurally constrained by the state’s role of maintaining capitalist class relations. In the introduction I explain how it is important to consider capital-gas relations because natural gas is a greenhouse gas and burning of gas by capital is causing climate change.
    [Show full text]
  • Making Your Own Fuel from Vegetable Oil Can Be Easy, Cost- Effective, And
    Joshua & Kaia Tickell ©1999 Joshua & Kaia Tickell Restaurant fryer filters are available at restaurant supply stores and are excellent for filtering food particles out of used cooking oil. aking your own fuel from Grow Your Fuel We produce a large quantity of used vegetable oil in the vegetable oil can be easy, cost- United States, but there is an oilseed crop you can effective, and environmentally grow no matter where you live. The possibilities include M coconut, soybean, canola (rapeseed), sunflower, beneficial. What makes this fuel even safflower, corn, palm kernel, peanut, jatropha, and more attractive is that you can make it hundreds more. To learn which vegetable oil crop is best suited for your area, contact your state’s office of from the waste vegetable oil produced agriculture, the agriculture department of a local in the United States every year, which university, or talk to local farmers. amounts to more than three billion One of the crops with the highest yield of oil per acre is gallons. With a bit of know-how and canola. From just one acre of canola, you can produce 100 gallons (379 l) of vegetable oil. The most common persistence, you can run any diesel oilseed crop in the U.S. is soybeans, which produce 50 engine on vegetable oil. gallons (189 l) of vegetable oil per acre. Growing your own oilseed crop has an added bonus. Only diesel engines can run on vegetable oil-based The meal that is separated from the oil is an excellent fuels. This means that any engine that has spark plugs source of protein.
    [Show full text]
  • What Is Bioheat?
    What is Bioheat? 1) Is Bioheat the same as biodiesel, or visa versa? NO. Biodiesel is the term for the pure biodiesel, B100. Bioheat is conventional heating oil containing biodiesel. 2) What is biodiesel? Biodiesel is a clean burning alternative fuel produced from vegetable oils and animal fats through a chemical reaction and meeting ASTM D 6751. Biodiesel contains no petroleum, but it can be blended at any level with heating oil. It can be used in home heating oil systems safely with no modifications to the fuel tanks, pumps or burners in concentrations up to 20% biodiesel with only minimal precautions (see conditions for use section). For higher Bioheat blends than 20% biodiesel, special precautions are needed (see materials compatibility). Pure biodiesel is also referred to as B100. In the transportation fuel market where ASTM D 975 is the standard for petroleum-based diesel, biodiesel blends are designated "BXX", where XX is the volume percent of biodiesel meeting ASTM D 6751 with conventional petrodiesel. B20, which is 20% biodiesel and 80% petrodiesel, is a common blend for fleets and buses. The heating oil market is focusing on Bioheat, which is a 2 to 20% blend of biodiesel with heating oil. 3) Is biodiesel the same thing as raw vegetable oil, cooking oil or animal fat? Can those materials be blended with heating oil to create Bioheat? NO. Biodiesel is produced from raw vegetable oils or animal fats, but the oil or fat must go through the chemical reaction (called transesterification) to make it into biodiesel and be tested to make sure it meets D 6751 before it is blended with heating oil.
    [Show full text]
  • English Song Booklet
    English Song Booklet SONG NUMBER SONG TITLE SINGER SONG NUMBER SONG TITLE SINGER 100002 1 & 1 BEYONCE 100003 10 SECONDS JAZMINE SULLIVAN 100007 18 INCHES LAUREN ALAINA 100008 19 AND CRAZY BOMSHEL 100012 2 IN THE MORNING 100013 2 REASONS TREY SONGZ,TI 100014 2 UNLIMITED NO LIMIT 100015 2012 IT AIN'T THE END JAY SEAN,NICKI MINAJ 100017 2012PRADA ENGLISH DJ 100018 21 GUNS GREEN DAY 100019 21 QUESTIONS 5 CENT 100021 21ST CENTURY BREAKDOWN GREEN DAY 100022 21ST CENTURY GIRL WILLOW SMITH 100023 22 (ORIGINAL) TAYLOR SWIFT 100027 25 MINUTES 100028 2PAC CALIFORNIA LOVE 100030 3 WAY LADY GAGA 100031 365 DAYS ZZ WARD 100033 3AM MATCHBOX 2 100035 4 MINUTES MADONNA,JUSTIN TIMBERLAKE 100034 4 MINUTES(LIVE) MADONNA 100036 4 MY TOWN LIL WAYNE,DRAKE 100037 40 DAYS BLESSTHEFALL 100038 455 ROCKET KATHY MATTEA 100039 4EVER THE VERONICAS 100040 4H55 (REMIX) LYNDA TRANG DAI 100043 4TH OF JULY KELIS 100042 4TH OF JULY BRIAN MCKNIGHT 100041 4TH OF JULY FIREWORKS KELIS 100044 5 O'CLOCK T PAIN 100046 50 WAYS TO SAY GOODBYE TRAIN 100045 50 WAYS TO SAY GOODBYE TRAIN 100047 6 FOOT 7 FOOT LIL WAYNE 100048 7 DAYS CRAIG DAVID 100049 7 THINGS MILEY CYRUS 100050 9 PIECE RICK ROSS,LIL WAYNE 100051 93 MILLION MILES JASON MRAZ 100052 A BABY CHANGES EVERYTHING FAITH HILL 100053 A BEAUTIFUL LIE 3 SECONDS TO MARS 100054 A DIFFERENT CORNER GEORGE MICHAEL 100055 A DIFFERENT SIDE OF ME ALLSTAR WEEKEND 100056 A FACE LIKE THAT PET SHOP BOYS 100057 A HOLLY JOLLY CHRISTMAS LADY ANTEBELLUM 500164 A KIND OF HUSH HERMAN'S HERMITS 500165 A KISS IS A TERRIBLE THING (TO WASTE) MEAT LOAF 500166 A KISS TO BUILD A DREAM ON LOUIS ARMSTRONG 100058 A KISS WITH A FIST FLORENCE 100059 A LIGHT THAT NEVER COMES LINKIN PARK 500167 A LITTLE BIT LONGER JONAS BROTHERS 500168 A LITTLE BIT ME, A LITTLE BIT YOU THE MONKEES 500170 A LITTLE BIT MORE DR.
    [Show full text]
  • Switching from Dirty #4 Or #6 Heating Oil to Cleaner Fuel
    FREQUENTLY ASKED QUESTIONS: SWITCHING FROM DIRTY #4 OR #6 HEATING OIL TO CLEANER FUEL ConEdison (if you live in Manhattan, Bronx or northern Queens) at 1-800-643-1289 or More than 9,000 big buildings in New York National Grid still burn the lowest (if you live in Brooklyn, Staten Island or possible grade heating southern Queens) oil. at 1-877-696-4743 Soot from a building burning No. 6 oil Burning dirty heating oil pollutes the air with Why should my building switch to What is required to convert to cleaner nickel, a heavy metal cleaner heating fuel? fuel? that increases the risk of It protects your health. Burning dirty heating oil heart disease. • Contact ConEdison (if you live in (#4 and #6 oil) emits high levels of fine sooty Manhattan, Bronx or northern Queens) at particle pollution and nickel (a heavy metal), 1-800-643-1289 or National Grid (if you live in which are both harmful to our health. Brooklyn, Staten Island or southern Queens) at Using a higher-grade oil 1-877-696-4743 to find out a) if your utility or natural gas reduces It can save you money. Converting to natural company can bring a gas line to your building; soot pollution emissions gas and increasing heating system efficiency b) if your utility company will pay to bring the can help buildings save money. Natural gas is by 95 percent. line to your building; c) if your building is located cheaper than heating oil and the more efficiently in a low or high gas pressure area; and d) about the heating system is running, the less fuel a the different gas rates (firm or interruptible).
    [Show full text]
  • Bioheat Questions & Answers
    Burners ® Beckett BioHeat BioHeat® ready! READY Beckett is pleased to announce we will warranty our burners for use with BioHeat blends, up to B5, meeting the fuels standards below. Fuel standards: Know your fuel! The biggest cause of problems is off-spec blend stocks. B5 fuels must be made from the following materials: • 5% biodiesel (B100) meeting the requirements of ASTM D6751. (D6751 is the standard specification for Biodiesel Fuel Blend Stock for Bioheat blends.) • 95% petroleum fuel (No. 2 or No. 1) meeting the requirements of ASTM D396. (D396 is the standard specification for Fuel Oils.) • Use suppliers that are BQ-9000 certified where possible. (BQ-9000 is a Quality Assurance system for certifying, distributing, blending, and maintaining the quality of biodiesel / bioheat products.) • Insist on certification – certificates for the base fuel, the biodiesel blend stock and the finished blend. Beckett also recommends the following safeguards: Additives: Yellow metals: Stability leads the list of things to watch for. During storage Copper and its alloys (brasses, bronzes) are known to and handling, fuels may react with their surroundings and cause (catalyze) reactions with all organic materials, with materials in their environment to form undesirable including petroleum fuels, and more so with biodiesel. by-products that can interfere with proper operation. These materials have been used in heating systems for Properly made B100 blend stocks are required to meet decades, and have a good track record. They do not oxidation stability requirements to help minimize this effect. enter into a reaction with the fuel and, therefore, are not Good additive systems for petroleum fuels incorporating consumed (unlike metal exposed to a strong acid) but this stabilizers, dispersants, and metal deactivators catalytic activity can cause the formation of precursors to (FuelArmor™ or similar additive) will help to protect the sludge.
    [Show full text]
  • Energy Facts and Figures
    ENERGY AND ENVIRONMENT TRANSPORTATION & FUELS UNIVERSITY of WASHINGTON Average vehicle fuel consumption: 24 mpg Non-engine components of vehicle ineciency Primary importance for: 3 CHEM E / ENVIR / M E 341, Autumn 2012 Braking: (1/2)(1 – εb)mv /d Stop-and-go 3 Aerodynamic drag: (1/2)ρcdAfv High speed Rolling resistance: crrmgv Low speed εb = hybrid fraction recovery of braking; m = vehicle mass; v = velocity; d = stopping distance; ρ = density of air; cd = coecient of drag (typ. 0.3); 15 Comm. Fuel cost (Dec. 2012) , higher heating value, Primary Energy Consumption by Source and Sector, 2011 (10 Btu) Resident. A = frontal area; c = coecient of rolling resistance (typ. 0.01) 19% f rr and specic gravity Source Total = 97.3 Sector 22% Average fuel consumption of bus: 3.9 mpg Fuel Unit Cost ($) HHV (Btu) Sp. gr. Percent of Source Percent of Sector Passenger capcities of bus (seated and standing): 120 (60 ft. bus), 60 (40 ft. bus) Crude Oil gal 2.38 138,350 0.88 Transport. Industrial Transport. Average fuel consumption in passenger airplanes: 0.014 gal/psg/nmi Gasoline gal 3.39 124,340 0.74 28% 31% Petroleum 71 93 27.0 Kerosene gal 3.30 135,000 0.80 35.3 23 3 (28%) Relationship of Emissions to Combustion of Oxyhydrocarbon Fuel (CnHmOp) 1 4 Diesel gal 4.03 137,380 0.83 5 (36%) CnHmOp + α(O2 + 3.76 N2) ––> (n - β - γ) CO2 + (m/2)(1 - γ/n) H2O + β CO Heating Oil gal 3.96 139,000 0.92 40 Industrial Consumption by End-Use Sector, 2011 6 41 + γ CH(m/n) + δ O2 + [3.76 - ε/(2x)] N2 + (ε/x) NOx Natural gas MCF 13 1.09 x 10 0.65* Natural Gas 8 20.3 (21%) Coal s.
    [Show full text]
  • Songs by Title
    Songs by Title Title Artist Versions Title Artist Versions #1 Crush Garbage SC 1999 Prince PI SC #Selfie Chainsmokers SS 2 Become 1 Spice Girls DK MM SC (Can't Stop) Giving You Up Kylie Minogue SF 2 Hearts Kylie Minogue MR (Don't Take Her) She's All I Tracy Byrd MM 2 Minutes To Midnight Iron Maiden SF Got 2 Stars Camp Rock DI (I Don't Know Why) But I Clarence Frogman Henry MM 2 Step DJ Unk PH Do 2000 Miles Pretenders, The ZO (I'll Never Be) Maria Sandra SF 21 Guns Green Day QH SF Magdalena 21 Questions (Feat. Nate 50 Cent SC (Take Me Home) Country Toots & The Maytals SC Dogg) Roads 21st Century Breakdown Green Day MR SF (This Ain't) No Thinkin' Trace Adkins MM Thing 21st Century Christmas Cliff Richard MR + 1 Martin Solveig SF 21st Century Girl Willow Smith SF '03 Bonnie & Clyde (Feat. Jay-Z SC 22 Lily Allen SF Beyonce) Taylor Swift MR SF ZP 1, 2 Step Ciara BH SC SF SI 23 (Feat. Miley Cyrus, Wiz Mike Will Made-It PH SP Khalifa And Juicy J) 10 Days Late Third Eye Blind SC 24 Hours At A Time Marshall Tucker Band SG 10 Million People Example SF 24 Hours From Tulsa Gene Pitney MM 10 Minutes Until The Utilities UT 24-7 Kevon Edmonds SC Karaoke Starts (5 Min 24K Magic Bruno Mars MR SF Track) 24's Richgirl & Bun B PH 10 Seconds Jazmine Sullivan PH 25 Miles Edwin Starr SC 10,000 Promises Backstreet Boys BS 25 Minutes To Go Johnny Cash SF 100 Percent Cowboy Jason Meadows PH 25 Or 6 To 4 Chicago BS PI SC 100 Years Five For Fighting SC 26 Cents Wilkinsons, The MM SC SF 100% Chance Of Rain Gary Morris SC 26 Miles Four Preps, The SA 100% Pure Love Crystal Waters PI SC 29 Nights Danni Leigh SC 10000 Nights Alphabeat MR SF 29 Palms Robert Plant SC SF 10th Avenue Freeze Out Bruce Springsteen SG 3 Britney Spears CB MR PH 1-2-3 Gloria Estefan BS SC QH SF Len Barry DK 3 AM Matchbox 20 MM SC 1-2-3 Redlight 1910 Fruitgum Co.
    [Show full text]