Annual cost of the Clean Fuels Program
HB 2017 (2017) requires DEQ, by no later than April 15 of each year, to calculate the average cost or cost-savings of the Clean Fuels Program per gallon of gasoline (E10) and per gallon of diesel (B5) for the previous year. The State Department of Agriculture must provide the formula and results of these calculations to each gas station in Oregon to facilitate compliance by gas station owners or operators with ORS 646.932. DEQ is also required to calculate the total greenhouse gas emissions reductions attributable to the low carbon fuel standards for the preceding calendar year.
- Average cost of the Clean Fuels Program per gallon of E10 for 2017: $0.0023 or 0.23 cents per gallon of E10 for 2017.
- Average cost of the Clean Fuels Program per gallon of B5 for 2017: $0.0031 or 0.31 cents per gallon of B5 for 2017.
- Greenhouse gases reduced by the Clean Fuels Program in 2017: 929,105 tonnes of greenhouse gases.
Monthly Credit Transaction Report
HB 2017 (2017) requires DEQ, by no later than the last day of the month immediately following the month for which the calculation is completed, to calculate the volume-weighted average price of credits. The following chart represents the volume of credits traded and the average price:
If you click on the graph, the spreadsheet with the underlying data is available. DEQ is also required to post the formula for the calculation.
The volume-weighted average price is calculated as the sum of the value (credit price * number of credits traded) of all transactions, divided by the total volume of credits traded over the month.
Quarterly data summaries
DEQ also publishes a summary of the data that is submitted by registered parties in quarterly reports. The summaries provide information about the volumes and kinds of fuels that are being used to comply with the program and the number of deficits and credits generated by those fuels. The spreadsheets provide the underlying data.