Exports of liquefied natural gas (LNG) will continue to drive growth in U.S. natural gas exports over the next two years, according to our recently released Short-Term Energy Outlook (STEO). […]
Category: Today in Energy
EU’s ban on diesel fuel from Russia shifts trade patterns
On June 3, 2022, the EU adopted a sixth package of sanctions that banned imports of seaborne crude oil from Russia into the EU (effective December 5, 2022) and banned seaborne imports of petroleum products from Russia, including diesel fuel (effective February 5, 2023). […]
Wind, solar, and batteries increasingly account for more new U.S. power capacity additions
Wind, solar, and battery storage are growing as a share of new electric-generating capacity each year. In 2023, these three technologies account for 82% of the new, utility-scale generating capacity that developers plan to bring online in the United States, according to our Preliminary Monthly Electric Generator Inventory. […]
The least U.S. interstate natural gas pipeline capacity on record was added in 2022
In 2022, 897 million cubic feet per day (MMcf/d) of interstate natural gas pipeline capacity was added collectively from five projects, according to our latest State-to-State Capacity Tracker, which contains information on the capacity of natural gas pipelines that cross state and international borders. In 2022, the least interstate natural gas pipeline capacity was added […]
U.S. simple-cycle natural gas turbines operated at record highs in summer 2022
The average monthly capacity factor for simple-cycle, natural gas turbine (SCGT) power plants in the United States has grown annually since 2020. Average capacity factors surpassed 20% for two consecutive summer months in 2022—the first time on record—to meet peak electricity demand, based on data from our Electric Power Monthly. […]
Colorado refinery outage is causing higher gasoline prices in Rocky Mountain region
The only petroleum refinery in Colorado shut down in late December after sustaining damage from extremely cold weather, and it is expected to remain offline for months to repair, the refinery owner and operator, Calgary-based Suncor, stated. The refinery outage may tighten the supply of gasoline and diesel in Colorado and, more broadly, the Rocky […]
Electricity production costs rose with fuel costs in 2021, delivery cost remained elevated
After adjusting for inflation, costs for major U.S. utilities to produce electricity rose 6% in 2021 as a result of rising fuel costs. For a number of years, electricity production costs had declined as natural gas prices fell and new low-cost renewable generators came online. The cost to deliver electricity across transmission and distribution lines […]
State tax rates for retail gasoline and diesel increased in 13 states in 2023
In January 2023, state taxes and fees on gasoline and diesel fuel averaged $0.3163 per gallon (gal) of gasoline and $0.3388/gal of diesel fuel, according to our federal and state motor fuels taxes table. These taxes have increased in 13 states since July 2022. […]
After dropping to a 20-year low, western U.S. hydropower generation rose 13% last year
After decreasing to a 20-year low for the 2020-21 water year, hydropower production in the western United States increased slightly during last year’s water year, rising 13% to reach 161 million megawatthours (MWh). Western hydro generation can vary significantly from year to year because it follows rain and snowpack patterns. […]
Domestic policy and geopolitics reduced China’s refinery activity in 2022
In 2022, refiners in China processed less crude oil than they did in 2021, which was the first year-over-year decrease in processing according to data going back to 2000. Reduced refinery activity in China resulted from numerous factors, including mobility restrictions related to the COVID-19 pandemic and low petroleum product export quotas. […]
