On October 27, Environment and Climate Change Canada (ECCC) released its proposed targeted amendments to the Clean Fuel Regulations (CFR). The main change would be a credit multiplier of 1.3 to 1.8, ...

On Saturday, October 24, 2026, British Columbia (BC) did something it hadn’t done since 1928: it elected a Conservative government. The election was a snap call by New Democratic Party (NDP) Premier ...

In May, I sat down with my Stillwater colleagues Kendra Seymour and Dr. Michael Rensing to discuss the upcoming Alberta referendum. As we noted during that discussion, the referendum was not a vote to ...

Let’s look at the data to see whether FCV fueling costs really fall in line with those of gasoline vehicles. The figure below displays fuel costs per mile for FVCs and gasoline vehicles using ...

“Refining margins are at all-time highs! $100 cracks! Buy refining stocks?!” We’ve seen the heady buzz around refinery cracks and stock performance. Checking the stocks, the four major American ...

California has a history of having the highest gasoline prices in the country. Why? For one, the West Coast fuels market is isolated from other supply/demand centers. As such, the West Coast is ...

President Trump’s decision to impose a 10% duty on all Canadian petroleum imports has significant implications on crude oil economics on both sides of the border. In this article, we review historical ...

Hydrogen fuel cell vehicles (FCV) are zero emission vehicles (ZEVs) which comply with California’s ZEV mandate and internal combustion engine ban. One challenge facing FCVs is the high fuel cost – due ...

The value for 40 CI RD in each of the four West Coast markets includes: The average spot reported spot price for ultra-low sulfur diesel (ULSD), The calculated LCF program cost added to ULSD, and The ...

Valero Energy Corporation’s announcement that it may close its Benicia refinery by April 2026 has sent shockwaves through the western U.S. energy markets. Stillwater has published several articles on ...

With the potential closure of two refineries in California, tightening West Coast fuels production, it is more critical than ever to pin down accurate assessments of likely future gasoline demand.

This article concludes a three-part series. The first article introduced the four archetypes of market participants found in every low-carbon fuel credit market; the second explained why the British ...