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.
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:
click on the graph, the spreadsheet with the underlying data is available. DEQ
is also required to post the formula for the calculation.
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.
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.