Today in Energy
Average U.S. retail gasoline price exceeds $3.00 for the first time since late 2014
Disruptions to Colonial Pipeline operations prompted an increase in the average U.S. retail price for regular grade gasoline (retail gasoline price) to $3.03 per gallon (gal) on May 17, the first time retail gasoline prices averaged more than $3.00/gal since October 27, 2014. The average retail...
Despite more people staying at home, U.S. residential energy use fell 4% in 2020
Despite many people spending more time in their homes during 2020 in response to the COVID-19 pandemic, U.S. energy consumption in the residential sector fell 4% between 2019 and 2020, according to our Monthly Energy Review. Relatively warmer weather during the winter months in 2020 significantly...
In 2020, U.S. exports of fuel ethanol fell for the second consecutive year
The United States exported 87,000 barrels per day (b/d) of fuel ethanol in 2020, marking the second consecutive annual drop in U.S. fuel ethanol exports and the lowest level since 2015. U.S. fuel ethanol imports also decreased in 2020. In 2020, the United States exported more fuel ethanol than it...
Coal transported to the U.S. electric power sector declined by 22% in 2020
The U.S. electric power sector received 428 million short tons (MMst) of coal in 2020, the lowest annual level for that sector since we began publishing this data in 2007. U.S. coal shipments were down 22% in 2020 from 2019 levels, driven by lower overall electricity demand due to responses to the...
EIA forecasts less natural gas-fired electricity generation this summer
We published a Summer Electricity Outlook supplement, which provides more detail about our forecasts for U.S electricity consumption, power generation, and electricity prices for the upcoming summer months of June, July, and August, to our May Short-Term Energy Outlook. In this outlook, we forecast...
Cyberattack halts fuel movement on Colonial petroleum pipeline
Colonial Pipeline, a major delivery system spanning from the U.S. Gulf Coast to the East Coast for transportation fuels and other refined petroleum products, halted operations on Friday, May 7, to contain the effects of a cyberattack. As of Monday, May 10, the pipeline had not resumed operations of...
February 2021 weather triggers largest monthly decline in U.S. natural gas production
In February 2021, a record-breaking cold snap hit the Lower 48 states. Extreme winter weather caused natural gas production freeze-offs and higher electricity and commodity prices, especially in the top energy-consuming state, Texas. The cold snap affected natural gas production and industrial...
Average Texas electricity prices were higher in February 2021 due to a severe winter storm
In February 2021, extreme winter weather affected energy supply and demand in Texas, resulting in higher electricity prices for some customers. According to preliminary data from EIA’s most recent Electric Power Monthly, the average February electricity price was higher for all customer...
Energy production in the United States fell by more than 5% in 2020
In 2020, energy production in the United States fell to just below 96 quadrillion British thermal units (quads), down more than 5% from 2019’s record high, according to our Monthly Energy Review. In absolute terms, the drop from 101.3 quads in 2019 to 95.8 quads in 2020 marked the largest...
U.S. crude oil imports from OPEC are down, but imports from Canada remain high
Voluntary OPEC production cuts have been contributing to reduced U.S. crude oil imports from OPEC so far in 2021. Comparatively stable U.S. crude oil imports from Canada, however, have been mostly the result of longer-term trends. Between 2005 and 2020, U.S. crude oil imports from OPEC members...
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