News

Today in Energy

EIA forecasts less power generation from natural gas as a result of rising fuel costs

In its latest Short–Term Energy Outlook (STEO), released on January 12, the U.S. Energy Information Administration (EIA) forecasts that generation from natural gas–fired power plants in the U.S. electric power sector will decline by about 8% in 2021. This decline would be the first annual decline ...

Fossil fuel production expected to increase through 2022 but remain below 2019 peak

In 2020, fossil fuel production in the United States declined by an estimated 6% from the 2019 record high of 81.3 quadrillion British thermal units (Btu). Based on forecasts in the U.S. Energy Information Administration’s (EIA) January 2021 Short-Term Energy Outlook (STEO), EIA expects ...

U.S. oil and natural gas production to fall in 2021, then rise in 2022

In its January 2020 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that annual U.S. crude oil production will average 11.1 million b/d in 2021, down 0.2 million b/d from 2020 as result of a decline in drilling activity related to low oil prices. A ...

EIA expects higher wholesale U.S. natural gas prices in 2021 and 2022

In its January 2021 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that the annual natural gas spot price at the Henry Hub will rise 0.98¢ per million British thermal units (MMBtu) to average $3.01/MMBtu in 2021. EIA expects higher natural gas prices ...

Nuclear and coal will account for majority of U.S. generating capacity retirements in 2021

According to the U.S. Energy Information Administration’s (EIA) latest inventory of electric generators, 9.1 gigawatts (GW) of electric generating capacity is scheduled to retire in 2021. Nuclear generating capacity will account for the largest share of total capacity retirements (56%), ...

Renewables account for most new U.S. electricity generating capacity in 2021

According to the U.S. Energy Information Administration’s (EIA) latest inventory of electricity generators, developers, and power plant owners plan for 39.7 gigawatts (GW) of new electricity generating capacity to start commercial operation in 2021. Solar will account for the largest share ...

Wholesale U.S. electricity prices were generally lower and less volatile in 2020 than 2019

During 2020, wholesale electricity prices at major trading hubs in the United States were generally lower than in 2019, although prices in the western states trended higher in the last half of the year. Compared with 2019 prices, these wholesale hub prices in 2020 ranged from 5% lower in the ...

In 2020, U.S. natural gas prices were the lowest in decades

In 2020, natural gas spot prices at the national benchmark Henry Hub in Louisiana averaged $2.05 per million British thermal units (MMBtu), the lowest annual average price in decades. Prices started the year relatively low because mild winter weather led to less natural gas demand for space. ...

U.S. average gasoline prices and vehicle travel fell to multiyear lows in 2020

U.S. regular retail gasoline prices averaged $2.17 per gallon (gal) in 2020, 44 cents/gal (17%) lower than in 2019 and the lowest annual average since 2016. Gasoline prices at the beginning of the year were more than $2.50/gal; however, responses to the COVID-19 pandemic resulted in widespread ...

Crude oil prices briefly traded below $0 in spring 2020 but have since been mostly flat

In the first half of 2020, responses to the COVID-19 pandemic led to steep declines in global petroleum demand and to volatile crude oil markets. The second half of the year was characterized by relatively stable prices as demand began to recover. As petroleum demand fell and U.S. crude oil ...

CountryMark

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... ...

Smorch will lead CountryMark as next CEO

The CountryMark Board of Directors recently named Matt Smorch as the new president and chief executive officer following the retirement of Charlie Smith effective January 1, 2020. Read More... ...

Small Refiner Exemption Protects Jobs without Destruction to Renewable Fuel Demand

As a farmer-owned cooperative, CountryMark serves as a strong advocate and state leader in the marketing of renewable fuels including ethanol and biodiesel blends. Due to disproportionate economic hardship, CountryMark applied for an exemption under the Environmental Protection Agency’s Renewable Fuels Standard (RFS) for 2018 and has notified the EPA of its intent to sue Read More... ...
Fueling Freedom 2019 Results

Fueling Freedom 2019 Results

CountryMark Fueling Freedom events raise more than $57,000 for local military families! CountryMark’s Fueling Freedom events on June 21 raised more than $57,000 to support local National Guard Family Readiness Groups. Across Indiana, Illinois and Ohio, 37 CountryMark-branded fueling stations participated in Fueling Freedom 2019. For every gallon of fuel pumped, CountryMark and local branded-dealers Read More... ...

Want to pay your bill quickly and securely online? Click now and pay...

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.