Today in Energy
U.S. energy production exceeded consumption by record amount in 2023
In 2023, energy production in the United States rose 4% to nearly 103 quadrillion British thermal units (quads), a record. Energy consumption in the United States fell 1% to 94 quads during the same period. Production exceeded consumption by 9 quads, more than at any other time in our records, which...
Utilities report batteries are most commonly used for arbitrage and grid stability
Electricity utilities increasingly report using batteries to move electricity from periods of low prices to periods of high prices, a strategy known as arbitrage, according to new detailed information we recently published. Read More...
New England utility closes import-dependent gas-fired power plant, keeps LNG import option
On May 31, Constellation Energy retired the natural gas-fired Mystic Generating Station it owned and operated. Mystic was one of the oldest U.S. electric power plants, located in Charlestown, Massachusetts, on the north side of Boston. Read More...
Electricity demand surged in New England amid heat wave
Electricity demand in New England surged this week as high temperatures persisted through much of the United States. Read More...
Our estimated rate of U.S. natural gas vented or flared declined in 2023
We estimate the annual reported volume of natural gas that is vented or flared in the United States declined to 0.5% of gross withdrawals in 2023, based on preliminary state and federal data. We estimate this percentage will be the lowest rate of venting and flaring recorded in 18 years. Read More...
U.S. refinery capacity increased 2% in 2023
Operable atmospheric crude oil distillation capacity, our primary measure of refinery capacity in the United States, increased by 2%, or 324,000 barrels per day (b/d), in 2023, according to our recently published Refinery Capacity Report. Read More...
PJM has been dispatching coal-fired generators less than other generators
Use of the coal fleet in PJM, the country’s largest wholesale electricity market, has fallen over the last decade, driven largely by higher relative fuel costs. Much of the competitive pressure has come from the significant build out of efficient natural gas combined-cycle plants, the capacity of...
New Mountain Valley Pipeline to begin operations
On June 11, the Federal Energy Regulatory Commission (FERC) authorized the Mountain Valley Pipeline (MVP) to begin operations. MVP, 303 miles long, can move up to 2.0 billion cubic feet per day (Bcf/d) of natural gas from Wetzel County, West Virginia, to an interconnection with Transcontinental Gas...
Typical residential electricity bills could be slightly higher this summer
This summer —June through August —we expect that residential customers’ monthly electricity bills will average $173 in the United States, slightly higher than last summer’s average of $168. We expect that more electricity consumption, resulting from our assumption that summer...
EIA expands coverage of crude oil and natural gas production with regional forecast
Beginning with this month’s Short-Term Energy Outlook (STEO), we are including new regional crude oil and natural gas production forecasts to provide a more complete breakout of U.S. Lower 48 (L48) states production data. Read More...
CountryMark
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
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......
