Our recently updated Natural Gas Pipeline Project Tracker tracks recently approved and completed natural gas pipeline projects. In the first quarter of 2022, the Federal Energy Regulatory Commission (FERC) approved three projects intended to increase U.S. natural gas exports via pipeline and as liquefied natural gas (LNG). Our tracker also lists pipelines that were completed […]
Category: Today in Energy
U.S. retail diesel prices increase to over $6 per gallon in the Northeast
On May 16, 2022, the average U.S. on-highway retail diesel fuel price was $5.61 per gallon (gal), a $2.00/gal increase from January 3. Although retail diesel prices have increased across the entire United States, prices in the Northeast have increased the most and are now among the highest in the country. On May 16, the […]
EIA expects solar and wind to be larger sources of U.S. electricity generation this summer
In our Summer Electricity Outlook, a supplement to our May 2022 Short-Term Energy Outlook, we expect the largest increases in U.S. electric power sector generation this summer will come from renewable energy sources. These increases are the result of new capacity additions. We forecast utility-scale solar generation between June and August 2022 will grow by […]
Stronger U.S. dollar contributes to higher crude oil prices in international markets
The price of Brent crude oil, the world benchmark, has increased in 2022, partly as a result of Russia’s full-scale invasion of Ukraine. In addition, a strong U.S. dollar means that countries that use currencies other than the U.S. dollar pay more as crude oil prices increase. Since June 1, 2021, the Brent crude oil […]
Natural gas production in the Bakken region grew while crude oil fell in 2021
Annual natural gas production (measured as gross withdrawals) in North Dakota’s Bakken region increased by 9% in 2021, even as the region’s crude oil production declined by 6%, according to our Drilling Productivity Report. […]
U.S. energy-related CO2 emissions rose 6% in 2021
In 2021, U.S. energy-related carbon dioxide (CO2) emissions increased by 296 million metric tons (MMmt), or 6%, compared with 2020 levels. This increase followed a rise in economic activity and energy consumption once the initial economic impacts of the COVID-19 pandemic began to subside. Despite this increase in total emissions, in 2021, they were 274 […]
Natural gas consumed by U.S. electric power sector sets January record in 2022
In January 2022, natural gas consumed for electric power in the United States averaged 31.6 billion cubic feet per day (Bcf/d), the highest January average on record and the highest amount for any winter month. Natural gas consumed for electric power this past January was higher than in previous Januaries because of high demand for […]
East Coast jet fuel prices remain higher than other spot price hubs
The spot jet fuel price in New York Harbor traded at record-high levels for several weeks in April. The price has since declined, but it has remained higher than the prices at both the U.S. Gulf Coast and the Amsterdam, Rotterdam, and Antwerp (ARA) trading hubs. The high jet fuel prices coincide with record-low jet […]
U.S. ammonia prices rise in response to higher international natural gas prices
The U.S. price of ammonia, the primary source of nitrogen fertilizer, has risen by a factor of six in the past two years, and most of these increases have occurred since March 2021. Ammonia prices generally follow natural gas prices because ammonia is produced primarily from natural gas. U.S. ammonia prices closely follow international ammonia […]
In 2021, value of energy trade between the United States and Canada rose from 2020 lows
In 2021, the value of U.S. energy imports from Canada totaled $102 billion, which is 76% higher compared with 2020. The value of U.S. energy exports to Canada totaled $21.9 billion, 40% higher compared with 2020, according to data from the U.S. Census Bureau. […]