Gasoline prices are often higher in summer months when gasoline demand is higher and when federal and state environmental regulations require the use of summer-grade gasoline, which is more expensive to manufacture. KSCJ.com photo. Gasoline prices [Read more]
Electricity consumption is higher in all cases Autonomous vehicles are one of the main sources of uncertainty in the future of U.S. transportation energy consumption, as autonomous vehicle technology has the potential to change travel [Read more]
30% increase in solar PV module cost raises total installed costs by about 10% The timing and magnitude of adding wind- and solar-powered electricity generators to the U.S. grid are sensitive to federal policies, especially federal [Read more]
Greater GDP growth has potential to increase oil consumption beyond forecasted levels, putting upward pressure on crude oil prices EIA’s May Short-Term Energy Outlook (STEO) forecasts that Brent crude oil prices will average $71 per barrel (b) [Read more]
Natural gas leading source of electricity generation in U.S. through 2050, accounting for 35% of electricity generation, an increase from 31% in 2017 EIA’s Annual Energy Outlook 2018 (AEO) projects that U.S. dry natural gas production will [Read more]
Permian Basin spans 53 million acres across western Texas and southeastern New Mexico Recent growth in U.S. crude oil production has been primarily light, sweet crude oil, defined as having an API gravity of 35 [Read more]
Coal demand drops to 14% of total generation by 2050, and utilization rate for coal plants remains under 60% EIA projects U.S. coal disposition—domestic demand and coal exports—to remain relatively flat through 2050 in the Annual Energy [Read more]
US ethanol consumption increased 1% in 2017, same expect to 2019 Estimated ethanol production margins at U.S. corn ethanol plants averaged 22 cents per gallon (gal) in 2017. Last year was the fifth consecutive year [Read more]
Tight oil estimated to make up 77% of total US production by 2050 EIA’s recently released Annual Energy Outlook 2018 (AEO2018) Reference case projects that U.S. tight oil production will generally increase through the early 2040s, when [Read more]
By 2030, US net petroleum exports will total 5.3 million b/d EIA projects that the United States will become a net energy exporter in 2022 in the newly released Annual Energy Outlook 2018 (AEO2018) Reference case, primarily [Read more]
Renewable increases, most of the new generation capacity is powered by solar The mix of fuels used to generate electricity in the United States has changed in response to differences in the relative costs of [Read more]
United States became net exporter of natural gas on an annual basis for first time in 2017 In its latest Short-Term Energy Outlook (STEO), EIA expects the Henry Hub natural gas spot price to average $2.88 per [Read more]
Growth in Permian Basin projected to associated natural gas production, national output reaches 4.6 million b/d by 1019 In its Jan. 2018 Short-Term Energy Outlook (STEO), the EIA forecasts that total fossil fuels production in the United [Read more]
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