Blog

Forecast wholesale power prices and retail electricity prices rise modestly in 2025

energycheap

00

In our January Short-Term Energy Outlook (STEO), we expect that U.S. wholesale power prices will average slightly higher in 2025 in most U.S. regions than last year, except in Texas and in the Northwest. We forecast that the 11 wholesale prices we track in STEO will average $40 per megawatthour (MWh) in 2025 (weighted ...

READ MORE +

EIA expects higher wholesale U.S. natural gas prices as demand increases

energycheap

00

We expect increases in the Henry Hub natural gas price in 2025 and 2026 as demand for natural gas grows faster than supply, driven mainly by more demand from U.S. liquefied natural gas (LNG) export facilities, reducing the natural gas in storage compared with the last two years. In our January Short-Term Energy ...

READ MORE +

U.S. retail gasoline prices to decrease in 2025 and 2026 with lower crude oil price

energycheap

00

In our January Short-Term Energy Outlook, we now forecast U.S. retail gasoline prices through the end of 2026. We estimate U.S. average gasoline prices in 2025 will decrease by 11 cents per gallon (gal), or about 3%, compared with 2024. In 2026, we forecast a further decrease of about 18 cents/gal, or an additional ...

READ MORE +

EIA forecasts lower oil price in 2025 amid significant market uncertainties

energycheap

00

We forecast benchmark Brent crude oil prices will fall from an average of $81 per barrel (b) in 2024 to $74/b in 2025 and $66/b in 2026, as strong global growth in production of petroleum and other liquids and slower demand growth put downward pressure on prices and help offset heightened geopolitical risks and ...

READ MORE +

A look back at our forecast for global crude oil prices in 2024

energycheap

00

Benchmark Brent crude oil prices averaged $81 per barrel (b) in 2024, in line with the $82/b for the year that we had forecast in our January 2024 Short-Term Energy Outlook (STEO) and more in-depth analysis. In the January 2024 STEO, we forecast that markets would be relatively balanced in 2024, changing little from ...

READ MORE +

U.S. wholesale electricity prices were lower and less volatile in 2024

energycheap

00

Average wholesale electricity prices at major trading hubs in the Lower 48 states were lower in 2024 than in 2023. In addition, prices were much less volatile than they have been over the last few years. Lower and more stable electricity prices in 2024 were mostly driven by low natural gas prices, as well as increases ...

READ MORE +

EIA extends five key energy forecasts through December 2026

energycheap

00

In our January 2024 Short-Term Energy Outlook, which includes data and forecasts through December 2026, we forecast five key energy trends that we expect will help shape markets over the next two years.

READ MORE +

Natural gas vehicle fuel prices rose in 2022 and 2023 after a decade of relative stability

energycheap

00

After a decade of nearly flat prices from 2011 to 2021, inflation-adjusted fuel prices for natural gas vehicles increased in 37 states from 2021 to 2023, according to new estimates in our State Energy Data System (SEDS). Real U.S. natural gas prices for vehicle fuel remained 25% below their peak in 2008.

READ MORE +

The eighth U.S. liquefied natural gas export terminal, Plaquemines LNG, ships first cargo

energycheap

00

On December 26, 2024, Plaquemines LNG—the eighth liquefied natural gas (LNG) export terminal in the United States—shipped its first cargo after achieving first LNG production in mid-December. Plaquemines LNG is one of two U.S. LNG export terminals that started LNG production in 2024. Corpus Christi Stage 3 (an ...

READ MORE +

Since the 2011 Fukushima accident, Japan has restarted 14 nuclear reactors

energycheap

00

Japanese utilities restarted two additional nuclear reactors in 2024 that had been suspended from operations in response to the 2011 Fukushima Daiichi accident, taking the total number of restarted reactors to 14 since the accident. In November, Tohoku Electric Power Co. restarted its 796-megawatt (MW) Onagawa Unit 2 ...

READ MORE +

Subscribe to our list