Today in Energy
Retail gasoline prices in California decline from recent highs
On October 7, 2019, the average California regular retail gasoline price surpassed $4 per gallon (gal) for only the second time since 2014, according to the U.S. Energy Information Administration’s (EIA) Gasoline and Diesel Fuel Update. The last time prices reached this level was in May 2019, which...
Associated gas contributes to growth in U.S. natural gas production
A growing share of U.S. natural gas production is associated-dissolved natural gas (natural gas produced from oil wells), which is the result of increased crude oil production from low permeability, tight rock formations—Permian, Bakken, Eagle Ford, Niobrara, and Anadarko. In 2018...
Participation in electricity customer choice programs has remained unchanged since 2013
After more than a decade of steady growth, the share of U.S. electricity sales served by non-utility retail power marketers has grown only slightly since 2013, according to the U.S. Energy Information Administration’s (EIA) survey of electric utilities. Nineteen states and the District of...
Most pumped storage electricity generators in the U.S. were built in the 1970s
Pumped storage plants for hydroelectric power in the Unites States were built primarily between 1960 and 1990; nearly half of the pumped storage capacity still in operation was built in the 1970s. Pumped storage power plants are the largest source of electricity storage technology used in the United...
Most utility-scale batteries in the United States are made of lithium-ion
Most of the utility-scale battery systems used for energy storage on the U.S. electric grid use lithium-ion (Li-ion) batteries, which are known for their high-cycle efficiency, fast response times, and high energy density. Nearly all of the utility-scale battery systems installed in the United...
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...
EIA projects that natural gas consumption in Asia will continue to outpace supply
According to the U.S. Energy Information Administration’s (EIA) latest International Energy Outlook 2019 (IEO2019) Reference case, future growth in natural gas consumption is concentrated in developing nations—those outside of the Organization for Economic Cooperation and Development...
EPA refinery exemptions reduced renewable fuel blending requirements in 2018
On August 9, 2019, the U.S. Environmental Protection Agency (EPA) announced that it had granted 31 Renewable Fuel Standard (RFS) Small Refinery Exemptions (SRE) for the 2018 compliance year, or 4 fewer than were approved for the 2017 compliance year. As of October 2019, two SRE applications were...
U.S. petroleum product exports rose slightly in the first half of 2019
In the first half of 2019, the United States exported an average of 5.47 million barrels per day (b/d) of petroleum products, an increase of 19,000 b/d (0.3%) from the first half of 2018 and the slowest year-over-year growth rate for any half year in 13 years. Two factors that likely contributed to...
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