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]
Gulf Coast gasoline prices among lowest in country because the region generally has low state tax rates and abundant gasoline supplies The US Energy Information Administration forecasts that drivers in the United States will pay [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]
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]
Source: U.S. Energy Information Administration, Short-Term Energy Outlook, natural gas Non-hydro renewables’ share of total US utility-scale generation to exceed 10% for first time in 2019 EIA’s Jan. 2018 Short-Term Energy Outlook (STEO) forecasts that natural gas will remain [Read more]
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