Today in Energy
EIA survey of energy use by U.S. manufacturers shows increased use of natural gas, HGLs
Preliminary results from the U.S. Energy Information Administration’s (EIA) 2018 Manufacturing Energy Consumption Survey (MECS) show that the consumption of energy by manufacturers in the United States has continued to increase since its 2010 low. Natural gas and hydrocarbon gas liquids (HGLs) led...
Average U.S. construction costs for solar and wind generation continue to fall
According to 2018 data from the U.S. Energy Information Administration (EIA) for newly constructed utility-scale electric generators in the United States, annual capacity-weighted average construction costs for solar photovoltaic systems and onshore wind turbines have continued to decrease. Natural...
U.S. natural gas exports have been declining since April
In 2017, the United States exported more natural gas than it imported on an annual basis for the first time in nearly 60 years, making it a net natural gas exporter. Since then, U.S. net natural gas exports have more than doubled every year: from 0.3 billion cubic feet per day (Bcf/d) in 2017 to...
Fossil fuels account for the largest share of U.S. energy production and consumption
Fossil fuels, or energy sources formed in the Earth’s crust from decayed organic material, including petroleum, natural gas, and coal, continue to account for the largest share of energy production and consumption in the United States. In 2019, 80% of domestic energy production was from fossil...
EIA expects U.S. hydroelectric generation to increase in 2020 despite drought conditions
In its latest Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that electricity generation from hydroelectric power plants in the United States will grow by 4% in 2020 from 2019 levels, to 280 billion kilowatthours, despite current drought conditions and...
In 2018, U.S. energy expenditures increased for the second consecutive year
U.S. total energy expenditures, the total amount of money spent directly by consumers to purchase energy, increased for the second year in a row to $1.3 trillion in 2018, according to the latest data in the U.S. Energy Information Administration’s (EIA) State Energy Data System (SEDS). U.S...
The U.S. continued to produce more light crude oil in 2019 and import less heavy crude oil
Total U.S. crude oil production grew by 1.24 million barrels per day (b/d) (11%) in 2019. This increase in production was led by relatively light, less dense crude oil and was largely the result of the growth in crude oil production from shale and tight rock formations. Shale and tight rock...
Natural gas price differentials to Henry Hub narrowed at most hubs in first half of 2020
The average spot price differentials between regional natural gas hubs and the Henry Hub, also typically known in the natural gas industry as the basis price, have narrowed at many trading hubs in the first half of 2020 compared with the first half of 2019. The natural gas basis reflects the...
U.S. gasoline prices heading into Labor Day weekend are the lowest since 2004
The U.S. average regular gasoline retail price as of the Monday before Labor Day weekend is $2.22 per gallon (gal) this year, the lowest level for this time of year since 2004, according to the U.S. Energy Information Administration’s (EIA) weekly gasoline price series. U.S. gasoline prices...
U.S. energy imports and exports were nearly equal in May
In May 2020, the United States exported and imported nearly equal amounts of energy, based on data in the U.S. Energy Information Administration’s (EIA) Monthly Energy Review. The United States had been a net exporter of energy in several months of the past year. Changes in domestic production...
CountryMark
No post found
