Yesterday’s release of EIA’s March 2022 Petroleum Supply Monthly now reports inventories of hydrocarbon gas liquids (HGL) that include volumes of ethane, propane, normal butane, isobutane, and natural gasoline at end-user storage facilities as part of our reported wholesale terminal stocks. Starting in January 2021, we expanded the scope of our Monthly Bulk Terminal Report […]
Category: Today in Energy
Nearly half of U.S. households use LED bulbs for all or most of their indoor lighting
U.S. households are increasingly switching to light-emitting diode (LED) bulbs; 47% report using LEDs for most or all of their indoor lighting in 2020, according to the most recent results from the Residential Energy Consumption Survey (RECS). In the previous RECS, conducted in 2015, only 4% of households used LEDs for most or all of […]
Drought effects on hydroelectricity generation in western U.S. differed by region in 2021
In 2021, a historic drought that affected much of the western United States led to reduced water supply and, as a result, lower hydropower generation in the Pacific Northwest and California. Electricity generation at California’s hydropower plants last year was 48% below the 10-year average (2011–2020). In the Pacific Northwest, which consists of Washington, Oregon, […]
Crude oil exports from other countries may pass through Russian infrastructure
Earlier this month, President Biden banned U.S. imports of crude oil, refined petroleum products, natural gas, coal, and coal products that originate in Russia. The President’s executive order, however, does not restrict U.S. energy imports originating in other countries that transit through Russia or depart from Russia’s ports. Crude oil exported from countries including Kazakhstan, […]
U.S. exported record amounts of liquefied natural gas in 2021
U.S. exports of liquefied natural gas (LNG) set a record high in 2021, averaging 9.7 billion cubic feet per day (Bcf/d), according to our most recent Natural Gas Monthly. U.S. LNG exports increased by 50% from 2020. The increase in U.S. LNG exports was driven by increased demand in both Europe and Asia (particularly China) […]
Duration of utility-scale batteries depends on how they’re used
At the end of 2021, the United States had 4,605 megawatts (MW) of operational utility-scale battery storage power capacity, according to our latest Preliminary Monthly Electric Generator Inventory. Power capacity refers to the greatest amount of energy a battery can discharge in a given moment. Batteries used for grid services have relatively short average durations. […]
EIA projects U.S. renewable diesel supply to surpass biodiesel in AEO2022
In our Annual Energy Outlook 2022 (AEO2022) Reference case, which reflects current laws and regulations, we project that renewable diesel supply (domestic production and net imports) will exceed biodiesel supply in the near term. We project that renewable diesel supply will increase to 130,000 barrels per day (b/d) in 2022 and 145,000 b/d in 2050, […]
U.S. gasoline and diesel prices declined slightly the week after their March 14 peak
On March 21, the U.S. regular retail gasoline price across all formulations (conventional and reformulated) averaged $4.24 per gallon (gal), and the U.S. on-highway retail diesel fuel price averaged $5.13/gal. Retail gasoline prices peaked in our weekly data on March 14 at $4.32/gal, a 22% increase from $3.53 per gallon on February 21. During the […]
The United States imports more petroleum products than crude oil from Russia
Although the United States has imported a relatively small share of crude oil from Russia, it has imported more petroleum products—namely, unfinished oils and fuel oil—from Russia. U.S. refineries use imported unfinished oils and fuel oil as a supplement to crude oil in the refining process. On March 8, President Biden announced a ban on […]
EIA projects U.S. energy-related CO2 emissions to fall in the near term, then rise
In our Annual Energy Outlook 2022 (AEO2022), we project that energy-related carbon dioxide (CO2) emissions will decrease in the United States through the mid-2030s and then increase through 2050 across a wide variety of assumptions. We project that, over time, increasing emissions from natural gas and petroleum consumption growth will offset declines in emissions from […]
