Today in Energy
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...
Demand for jet fuel in the U.S. is recovering faster than in many other markets
U.S. jet fuel consumption has been particularly affected by responses to the 2019 novel coronavirus. However, analysis of flight-level data provided by Cirium on commercial passenger flights—a category of aircraft that the U.S. Energy Information Administration (EIA) estimates accounted for...
As U.S. coal-fired capacity and utilization decline, operators consider seasonal operation
Coal-fired electricity generating capacity in the United States is retiring, as tighter air emission standards and decreased cost-competitiveness relative to other power resources make coal-fired power plants less economical. From 2011 to mid-2020, 95 gigawatts (GW) of coal capacity was closed or...
More energy is used per person for transportation in states with low population density
According to the latest data estimates in the U.S. Energy Information Administration’s (EIA) State Energy Data System (SEDS), people in geographically large states with small populations, such as Alaska, Wyoming, and North Dakota, used twice as much energy for transportation than the U.S...
Changing demand for petroleum products has led to operational changes at U.S. refineries
Demand for transportation fuels in the United States has fallen since mid-March because of the spread of coronavirus and efforts to mitigate it. Demand for motor gasoline and jet fuel in particular has fallen to its lowest levels in years. In response, U.S. refineries reduced their operations to...
South Korea is one of the world’s largest nuclear power producers
As of August 2020, South Korea operates a fleet of 24 nuclear reactor units, representing 23.2 gigawatts (GW) of capacity, at four nuclear power complexes. In 2019, South Korea’s nuclear fleet generated 139 terawatthours (TWh) of electricity, making South Korea the fifth-largest nuclear power...
The United States set record for daily natural gas power burn in late July
In the United States, natural gas consumed by electric power plants (power burn) set a daily record high of 47.2 billion cubic feet (Bcf) on Monday, July 27, according to S&P Global Platts estimates. Consequently, on the same day, natural gas-fired generation in the Lower 48 states also reached...
EIA’s mapping system and data series show energy infrastructure near hurricanes, wildfires
Tropical Storms Marco and Laura are in or approaching the U.S. Gulf Coast region, home to key U.S. energy infrastructure, and several wildfires are affecting large areas of California and Colorado. Both the storms and fires could affect local energy supply and demand, especially for transportation...
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