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EIA forecasts natural gas prices to remain near $4/MMBtu in 2022, slightly lower in 2023

In our January Short-Term Energy Outlook (STEO), we forecast that the natural gas spot price at the U.S. benchmark Henry Hub will average $3.79 per million British thermal units (MMBtu) in 2022, slightly less than its 2021 average of $3.91/MMBtu. Natural gas prices increased between March and ...

EIA expects gasoline and diesel prices to fall in 2022 and 2023 as demand growth slows

In our latest Short-Term Energy Outlook, we expect regular gasoline retail prices to average $3.06/gal in 2022, up from $3.00/gal in 2021, and then down to $2.80/gal in 2023. We expect on-highway diesel prices to increase to average $3.33/gal in 2022 before decreasing to $3.27/gal in 2023. In our ...

EIA forecasts crude oil prices will fall in 2022 and 2023

In our January 2022 Short-Term Energy Outlook (STEO), we forecast that crude oil prices will fall from 2021 levels. In the fourth quarter of 2021, the price of Brent crude oil, the international pricing benchmark, averaged $79 per barrel (b). We forecast that the price of Brent will average $75/b ...

Coal will account for 85% of U.S. electric generating capacity retirements in 2022

Operators have scheduled 14.9 gigawatts (GW) of electric generating capacity to retire in the United States during 2022, according to our latest inventory of electric generators. The majority of the scheduled retirements are coal-fired power plants (85%), followed by natural gas (8%) and nuclear % ...

Solar power will account for nearly half of new U.S. electric generating capacity in 2022

In 2022, we expect 46.1 gigawatts (GW) of new utility-scale electric generating capacity to be added to the U.S. power grid, according to our Preliminary Monthly Electric Generator Inventory. Almost half of the planned 2022 capacity additions are solar, followed by natural gas at 21% and wind at% ...

Wholesale electricity prices trended higher in 2021 due to increasing natural gas prices

Average wholesale prices for electricity at major trading hubs in the United States were higher in 2021 than in 2020 as increasing costs for power generation fuels, especially natural gas, pushed electricity prices higher in the second half of 2021. Constraints on electricity supply as a result of ...

U.S. natural gas prices spiked in February 2021, then generally increased through October

The wholesale spot price for natural gas at the Henry Hub in Louisiana (the U.S. benchmark for natural gas prices) averaged $3.89 per million British thermal units (MMBtu) in 2021, almost doubling from the 2020 average, according to data from Refinitiv. Read More... ...

Retail gasoline prices rose across the United States in 2021 as driving increased

Rising crude oil prices and increased gasoline demand contributed to the average U.S. retail price for regular grade gasoline increasing to $3.01 per gallon (gal) in 2021, the highest average nominal price since 2014. The average price for retail gasoline increased by more than $1.00/gal between ...

Crude oil prices increased in 2021 as global crude oil demand outpaced supply

Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a growing economy resulted in global petroleum demand rising faster than petroleum supply. The spot price of Brent crude oil, a global benchmark, started the year at $50 per ...

Energy prices rose more than other commodities in 2021

Energy prices used in the S&P Goldman Sachs Commodity Index (GSCI) ended 2021 59% higher than the first trading day of the year. Price increases were largely driven by increased demand from the initial phase of global economic recovery from the COVID-19 pandemic. By comparison, most other ...

CountryMark

Indiana Agriculture Coalition for Renewable Energy hosts inaugural summer forum

US farm producers may soon be able to monetize newly implemented, carbon-reducing farm practices. To learn more about these environmental and economic opportunities, CountryMark encourages Midwestern farm owners and agribusiness leaders to register to attend an August 24, 2021 carbon capture summit that will cover what is driving these market changes and how Indiana agriculture Read More... ...

CountryMark Fueling Freedom events raise over $53,000 for local military families

CountryMark’s Fueling Freedom events on June 25 raised more than $53,000 to support local National Guard Family Readiness Groups. Read More... ...

CountryMark fuel stations to raise money for local military families through Fueling Freedom program

When you fill up at a participating CountryMark fuel station on Friday, June 25 between noon and 5pm, CountryMark and its branded dealers will donate 50 cents for every gallon of fuel pumped to local National Guard Family Readiness Groups. Customers are also invited to register to win a $150 gift card. Read More... ...

CountryMark Supports Indiana Ethanol Bill

An unknown Ohio group mailed postcards earlier this month to a number of Indiana households and businesses that claimed CountryMark “hates ethanol” because of CountryMark’s support for Indiana Senate Bill 303, also known as the ethanol or gasohol bill. SB 303 seeks to update Indiana’s definition of gasohol and would make selling gasoline with a Read More... ...

CountryMark helps cover mask costs for local students in Posey County

CountryMark is helping to cover the costs of face masks for students attending school in the Metropolitan School District of North Posey County and the Metropolitan School District of Mount Vernon Indiana. Read More... ...

CountryMark and branded dealers give back through adjusted Fueling Freedom program

For over 10 years, CountryMark has hosted Fueling Freedom events at CountryMark branded fueling stations across Indiana, Illinois and Ohio. During these events, CountryMark and branded dealers have donated 50 cents for every gallon of fuel pumped to local National Guard Soldier & Family Readiness Groups Read More... ...

Unleaded 88 now available at CountryMark terminals

CountryMark, a farmer-owned cooperative, recently added Unleaded 88, a 15 percent ethanol blend to its PLUS gasoline product line-up. The new, higher octane gasoline fuel will be available for purchase at CountryMark fuel terminal locations in Jolietville, Mt. Vernon, Peru and Switz City, Indiana. Read More... ...

SynEnergy Partners Propane Division is pleased to announce the New Referral Program

With this referral program both new and existing customers can receive a $50 credit on their account. There are no limits to how many referrals you can get so the savings can stack up quick! Here is how it works: 1. Current Customer will refer a new customer, giving them their Name and Account Number Read More... ...

COVID-19 Public Statement from CountryMark

A message from CountryMark President and CEO Matt Smorch regarding COVID-19 (coronavirus). Read More... ...

CountryMark CEO Retires After Lifetime Career in Oil Business

After 17 years as CountryMark’s chief executive officer and president, Charlie Smith will retire from the company this December. “Our employees are what makes this company great, and I have been honored to serve them since 2003,” said Smith. Read More... ...

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SynEnergy Partners LLC continues to monitor COVID-19 around the clock under the guidance of our Global Crisis and Regional Incident Management teams, and we have responded as a company with compassion for those who may be affected as well as an abundance of caution to limit the spread of the virus.

We are also taking measures to ensure business continuity remains unimpacted during this time.