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U.S. gasoline prices decline amid lower gasoline demand and falling crude oil prices

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On November 20, 2023, the Monday before Thanksgiving, the retail price of regular gasoline averaged $3.29 per gallon (gal) across the United States, 10% less than the same time last year. After adjusting for inflation (real terms), retail gasoline prices this Thanksgiving weekend are 13% lower than last year, but they ...

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The Strait of Hormuz is the world’s most important oil transit chokepoint

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The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The Strait of Hormuz is the world's most important oil chokepoint because large volumes of oil flow through the strait. In 2022, its oil flow averaged 21 million barrels per day (b/d), or the ...

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Natural gas combined-cycle power plants increased utilization with improved technology

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The average utilization rate (or capacity factor) for the entire U.S. fleet of combined-cycle natural gas turbine (CCGT) electric power plants has risen as the operating efficiency of new CCGT units has improved. The CCGT capacity factor rose from 40% in 2008 to 57% in 2022. Increased efficiency improved the ...

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Less than one-third of U.S. commercial buildings were all-electric in 2018

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Fewer than one-third of U.S. commercial buildings were all-electric in 2018, and all-electric commercial buildings were most prevalent in the South, according to data from our Commercial Buildings Energy Consumption Survey (CBECS). As of 2018, 31%, or 1.8 million commercial buildings, were all-electric nationwide.

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Northeast U.S. carbon dioxide emissions prices return to last year’s highs

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The most recent auction of carbon dioxide CO2 emissions allowances in the major U.S. northeast regional trading hub reached near record-high prices, as the number of allowances available was reduced. The latest Regional Greenhouse Gas Initiative (RGGI) quarterly auction, held September 6, 2023, resulted in a clearing ...

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Global natural gas market well supplied for winter, but risks remain, EIA analysis finds

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Relatively full natural gas inventories in the United States and Europe and expanded global liquefied natural gas (LNG) export and import capacity have improved the likelihood that global gas supply is sufficient to meet demand in the 2023–24 winter season (November–March), according to our recently released Winter ...

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LNG export capacity from North America likely to more than double through 2027

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We expect North America's liquefied natural gas (LNG) export capacity to expand to 24.3 billion cubic feet per day (Bcf/d) from 11.4 Bcf/d today as Mexico and Canada place their first LNG export terminals into service and the United States adds to its existing LNG capacity. By the end of 2027, we estimate LNG export ...

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Florida’s growing population is increasing its fuel consumption

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Florida's growing resident population is driving growth in consumption of transportation fuel within the state. Rising fuel consumption has gradually increased waterborne transportation fuel shipments from U.S. Gulf Coast refiners.

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EIA Product Highlight: Status of U.S. Nuclear Outages

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Every morning, each nuclear electricity generator in the United States reports its operating status to the Nuclear Regulatory Commission (NRC). The NRC compiles this information in its Power Reactor Status Report, and we present that information in interactive visualizations on our Status of Nuclear Outages page. Our ...

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Less natural gas was withdrawn from storage this winter than in the last seven

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Withdrawals of natural gas from U.S. underground storage facilities totaled 1,707 billion cubic feet (Bcf) during the 2022–23 heating season (November 1 to March 31), after subtracting occasional injections, according to our Weekly Natural Gas Storage Report (WNGSR). This recent heating season's natural gas ...

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U.S. natural gas production and LNG exports will likely grow through 2050 in AEO2023

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In our Annual Energy Outlook 2023 (AEO2023) Reference case, we project U.S. natural gas production to increase 15% and liquefied natural gas (LNG) exports to increase 152% between 2022 and 2050. We expect natural gas production to rise to 42.1 trillion cubic feet (Tcf) by 2050. Production growth is largely driven by ...

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U.S. coal shipments increased slightly in 2022 as power plants replenished stockpiles

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The amount of coal received by power plants in the United States has largely declined over the past decade as coal-fired electricity generation has fallen and many coal-fired power plants have closed. However, slightly more coal was shipped to U.S. power plants in 2022 than in 2021 even though coal-fired generation ...

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