Today in Energy
U.S. natural gas storage capacity has remained flat over the past eight years
Underground natural gas working storage capacity in the Lower 48 states has remained relatively flat since 2012. We measure natural gas working storage capacity in two ways: design capacity and demonstrated peak capacity. Both measures of capacity were relatively unchanged in 2020 compared with...
Agricultural feedstock costs drive RIN prices to all-time highs
The prices of renewable identification number (RIN) credits—the compliance mechanism used for the Renewable Fuel Standard (RFS) program administered by the U.S. Environmental Protection Agency (EPA)—sharply increased through April of this year, and they are now higher than at any time during the...
Vietnam’s latest power development plan focuses on expanding renewable sources
In February 2021, the government of Vietnam released a draft of the country’s latest national power development plan, Power Development Plan 8 (PDP 8), for 2021 to 2030. The draft PDP 8 expands wind and solar capacity and increases their shares of the country’s generation mix. The draft...
U.S. average gasoline prices before Memorial Day are the highest since 2014
The average retail price for regular gasoline in the United States on May 24, the Monday before the Memorial Day weekend, was $3.02 per gallon (gal), the highest gasoline price before Memorial Day since 2014, according to our weekly Gasoline and Diesel Fuel Update. The average U.S. gasoline price on...
Major utilities’ spending on the electric distribution system continues to increase
Annual spending on electricity distribution systems by major U.S. utilities continues to increase. Utilities spent $57.4 billion on electric distribution in 2019, 6% more than the previous year and 64% more than they spent in 2000 after adjusting for inflation. More than half of utility distribution...
EIA lowers its forecast of India’s oil demand because of rising COVID-19 cases
The rapid increase in COVID-19 cases in India has led to various travel restrictions, which reduced consumption of transportation fuels such as gasoline and diesel. As a result, we revised down our forecast for petroleum consumption in India in the May Short-Term Energy Outlook (STEO). We estimate...
EIA expects more electricity consumption this summer as economy recovers from pandemic
Our Summer 2021 Electricity Industry Outlook, a supplement of the Short-Term Energy Outlook, projects 1.5% more U.S. retail sales of electricity this summer than last summer. Much of the growth we expect will occur in the commercial and industrial sectors, reflecting an improving economy following...
U.S. natural gas generation in 2021 sees its first year-over-year decline in three years
In the first four months of 2021, natural gas-fired generation in the Lower 48 states averaged 3,394 gigawatthours (GWh) per day, a nearly 7% decrease from the same period in 2020, according to data from our Hourly Electric Grid Monitor. The decline in natural gas generation during the first four...
U.S. ethane production to grow, along with expanding domestic consumption and exports
U.S. production of ethane, a hydrocarbon gas liquid (HGL) produced primarily in natural gas processing plants, has grown rapidly since 2013. Production has nearly doubled from 0.95 million barrels per day (b/d) in the first quarter of 2013 to 1.85 million b/d in the first quarter of 2021. In our...
Natural gas combined-cycle plant use varies by region and age
In recent years, U.S. natural gas combined-cycle (NGCC) electric generating capacity has increased as a result of relatively low natural gas prices and improved thermal efficiency and economies of scale from advances in turbine design. Newer turbines are more efficient than older turbine...
CountryMark
No post found
