AAA Daily Fuel Gauge Report for Friday, 2/23/24

American Dollar to Canadian Dollar = 0.823076 American Dollar to Chinese Yuan = 0.152812; American Dollar to Euro = 1.195289; American Dollar to Japanese Yen = 0.008986; American Dollar to Mexican Peso = 0.056497.

A major byproduct in the papermaking industry is lignosulfonate, a sulfonated carbon waste material, which is typically combusted on site, releasing CO2 into the atmosphere after sulfur has been captured for reuse. Now researchers at Rensselaer Polytechnic Institute have developed a method to use this cheap and abundant paper biomass to build a rechargeable lithium-sulfur battery. Such a battery could be used to power big data centers as well as provide a cheaper energy-storage option for microgrids and the traditional electric grid. Click Read More below for additional information.

Futures are up more than 11 percent in 2017, having entered a bull market in September. The year’s gains were driven by output cuts by the Organization of Petroleum Exporting Countries and Russia, along with geopolitical tensions in the Middle East and pipeline disruptions from the North Sea to Canada and Libya. In 2018, investors will watch whether the price recovery triggers a new flood of U.S. output. “The current highs are unsustainable in the short-to-medium term, with prices likely to head back below $60 once we get past January, but for now the season of goodwill appears to be in full swing,” said analysts led by Michael dei-Michei at consultants JBC Energy GmbH in Vienna. Click Read More below for additional information.