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U.S. Henry Hub natural gas prices in 2023 were the lowest since mid-2020
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The U.S. benchmark Henry Hub natural gas price averaged $2.57 per million British thermal units (MMBtu) in 2023, about a 62% drop from the 2022 average annual ...

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In 2023, U.S. annual average retail gasoline prices were 40 cents a gallon lower than 2022
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U.S. retail gasoline prices in 2023 averaged $0.43 per gallon (gal) less than in 2022, according to data from our Gasoline and Diesel Fuel Update. This decline ...

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Brent crude oil prices averaged $19 per barrel less in 2023 than 2022
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The price of Brent crude oil averaged $83 per barrel (b) in 2023, down from $101/b in 2022, a difference of $19/b after rounding. Global markets adjusted to ...

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Today In Energy Announcement
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We are excited to announce changes to Today in Energy (TIE).

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California leads the United States in electric vehicles and charging locations
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California has led the United States in the number of electric vehicles (EVs) and EV charging locations every year since 2016, accounting for 37% of U.S. ...

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New pipelines will bring significant volumes of natural gas to new LNG export terminals
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More than 20.0 billion cubic feet per day (Bcf/d) of natural gas pipeline capacity is under construction, partly completed, or approved to deliver natural gas ...

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Japanese refineries close as the country’s petroleum consumption falls
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In our Short-Term Energy Outlook, we forecast the lowest annual petroleum consumption in Japan in 2024 since at least 1980, in part due to its aging and ...

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New Renewable Fuel Standard volume targets facilitate renewable natural gas production
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On June 21, 2023, the U.S. Environmental Protection Agency (EPA) announced a final rule that established biofuel volume requirements and standards for ...

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The United States begins the winter with the most natural gas in storage since 2020
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Working natural gas in storage in the Lower 48 United States ended the natural gas injection season at 3,776 billion cubic feet (Bcf), according to estimates ...

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Countries in the Middle East and North Africa supply about one-third of global LNG
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Exporting countries in the Middle East and North Africa region (MENA) supplied nearly one-third (29%) of global liquefied natural gas (LNG) exports in 2022, ...

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