Retail trends

industrial sectors to the residential sector (and lower overall electricity use), and relatively smaller changes in natural gas consumption across sectors. More than 99% of energy-related CO2 emissions come from the consumption of fossil fuels.

Biodiesel production stable

U.S. biodiesel production has seen smaller reductions in recent months compared with other transportation fuels, according to the U.S. Energy Information Administration.

As a result of mitigation efforts for the 2019 novel coronavirus disease motor gasoline demand has declined significantly.

The decline also reduced ethanol demand. Biodiesel production through May, on the other hand, was largely unchanged from year-ago levels because biodiesel is not constrained by the same blending limits as ethanol

Biodiesel is the second-most consumed biofuel in the U.S. behind ethanol. The lack of significant blending restraints and the presence of incentives for producing and blending biodiesel have helped support biodiesel demand.

From March to May, when COVID-19 mitigation efforts were at their peak, biodiesel production averaged 114,000 barrels per day, compared with 116,000 during the same period in 2019.

N.D. crude output plummets

Between December 2019 and May 2020, crude oil output in North Dakota fell from an average of 1.5 million barrels per day to 0.9 million b/d, a decline of nearly 42%. This production decline is greater than it would have been if producers solely halted new drilling and allowed production from current wells to naturally decline.

An oil well just south of Watford City, North Dakota. MPR News .

The principal driver of North Dakota’s production decline was low crude oil prices. After averaging $55.70 per barrel throughout 2019, monthly prices in North Dakota averaged $29.82 in May 2020.

Second, many producers elected to stop or reduce drilling new crude oil wells, which is normally required to offset the natural decline in production from mature wells.

Retail/Consumer Spending

Vehicle Sales

1500

1200

900

600 Mankato — Number of vehicles sold - 2019 - 2020 1,262 1,168

300

0 J F M A M J J Source: Sales tax figures, City of Mankato A S O N D

Sales tax collections

(In thousands) - 2019 600 500 400

Includes restaurants, bars, Mankato telecommunications and general merchandise store sales. - 2020 Excludes most clothing, grocery store sales. $451,079 $429,123

300 200 100 0 J F M A M J J

Source: Sales tax figures, City of Mankato A S O N D

Lodging tax collections Mankato/North Mankato $66,100 $22,479 - 2019 - 2020 70000

52500

35000

17500

0 J F M A

Source: City of Mankato M J J A S O N D

Mankato food and beverage tax

175000 - 2019 - 2020

140000

105000

70000 $65,684 $39,428

35000

0