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GASOLINE

Leaving aside the still-high price of diesel, a backlog in new trucks and a difficulty in finding younger drivers could mean an already-stressed industry will remain that way for months, and possibly even years.
“When you have a big job to do, whether it’s harvesting or planting or transportation, it helps to run on gas,” said Bones. “It seems that electric vehicles have a place, but I don’t think it’s out here in flyover country.”
The report comes as the Biden administration prepares in the coming months to unveil new safety-related rules to curb methane emissions from pipeline systems that transport gas from production to local distribution.
Pres. Biden urges suspension of federal gas tax, state gas taxes; Thune, Johnson opposed

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The national median gas price set a record last week, topping $5 per gallon, according to the American Automobile Association, though it has since dropped below that mark.
The president will also call on states to temporarily suspend state fuel taxes, which are often higher than federal rates, and he will challenge major oil companies to bring back idled refining capacity.
Particularly galling to the White House is the jump in industry stock buybacks, returning to investors profits that the administration wants invested in more refining capacity to bring gasoline prices down.
Biden also said his staff would meet with oil industry executives this week after he told U.S. refiners in a letter last week that unprecedented profit margins are unacceptable and called for “immediate action” to improve capacity.
The average price of gas in Minnesota and nationwide hit record highs last week, including at $4.98 per gallon nationwide on Monday, according to AAA. The national average rose to $5 a gallon last week for the first time.
The EPA is likely to raise ethanol blending mandates for 2021 above a figure it proposed in December to align with actual U.S. consumption levels.

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“When you try to budget for 12 months out and fuel prices change so drastically, it’s hard to get a good number to even start with,” Street and Sanitation Supervisor Kevin Roth said.
Some 39 million people will travel 50 miles or more by car during the Memorial Day Weekend, up 8.3% from a year-ago and close to pre-pandemic volumes.
Tourism is among the state’s largest industries, and many South Dakota towns and residents rely on visitor spending to maintain a thriving economy.

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