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Category 3 Hurricane Helene nears landfall, disrupts energy infrastructure

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As of 8:00 a.m. eastern time on September 26, Hurricane Helene was expected to make landfall as a Category 3 hurricane on the eastern part of the Florida Panhandle late Thursday with sustained winds of 115 miles per hour, creating the potential for significant disruptions to energy infrastructure. Hurricane Helene is ...

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U.S. net natural gas exports remain flat in the first half of 2024

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In the first six months of 2024, U.S. net natural gas exports (exports minus imports) averaged 12.6 billion cubic feet per day (Bcf/d), 1% (0.1 Bcf/d) more than the same period last year and 2% (0.3 Bcf/d) less than in 2023, according to our Natural Gas Monthly. Since 2019, increases in liquefied natural gas (LNG) ...

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The United States is the world’s largest gasoline exporter

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The United States is the world's largest exporter of motor gasoline (finished gasoline plus gasoline blending components), supplying over 16% of total global exports. U.S. motor gasoline exports in 2023 averaged 900,000 barrels per day (b/d), equivalent to about 10% of domestic consumption and enough to fill up the ...

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Decline in natural gas price drove decrease in U.S. oil producer revenue in early 2024

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Financial results for 36 publicly traded U.S. oil exploration and production (E&P) companies show that cash from operations in the first quarter of 2024 has decreased in real terms from the first quarter of 2023 due to lower natural gas prices.

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Understanding petroleum product supplied—our proxy for consumption

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EIA does not directly survey petroleum consumption; instead, we calculate a similar concept called product supplied from our surveys that span the U.S. petroleum industry. Although we use petroleum product supplied interchangeably with petroleum consumption, the two are not identical.

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West Coast jet fuel margins fell in August because of high inventories

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More jet fuel has been in U.S. West Coast inventories than over the previous five years for 29 out of 35 weeks so far in 2024, according to our Weekly Petroleum Status Report (WPSR). High inventories helped reduce Los Angeles regional crack spreads for jet fuel to an average of 5 cents per gallon (gal) in August, ...

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Heat content of dry natural gas in Texas was among the lowest in the United States in 2023

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The heat content of dry natural gas delivered in Texas, which uses the largest volume of natural gas in the United States, was among the lowest nationwide in 2023, averaging 1,018 British thermal units per cubic foot (Btu/cf), or 1.7% below the national average (1,036 Btu/cf), according to our Natural Gas Monthly.

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Development of new fields in Gulf of Mexico to offset production decline in 2024 and 2025

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We recently implemented a new model for forecasting crude oil and natural gas production from the U.S. Federal Offshore Gulf of Mexico (GOM) in the Short-Term Energy Outlook (STEO). In our latest outlook, we forecast that GOM production will remain relatively flat with new fields offsetting the natural production ...

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Hurricane Francine has taken energy infrastructure offline

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Hurricane Francine made landfall Wednesday on the Louisiana coast before being downgraded to a tropical storm, taking some energy infrastructure offline along the U.S. Gulf Coast from Louisiana through Alabama. Detailed information on energy infrastructure and storm risks is available and regularly updated in our U.S. ...

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Natural gas pipeline capacity from the Permian Basin is set to increase

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Natural gas pipeline takeaway capacity in the Permian Basin will soon increase as the Matterhorn Express Pipeline, with a capacity of 2.5 billion cubic feet per day (Bcf/d), is expected to begin service this month, according to EnLink Midstream, one of the project's stakeholders.

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U.S. electric power sector explores hydrogen cofiring at natural gas-fired plants

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Against a backdrop of policies aimed at reducing greenhouse gas emissions, operators of a handful of natural gas plants have taken early steps to integrate hydrogen into their fuel streams. Hydrogen alone does not create CO₂ emissions when combusted.

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Retail electricity prices closely tracked inflation over the last 10 years

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The change in average residential electricity prices across the United States has generally mirrored the rate of inflation over the past decade, increasing by less than 1% in inflation-adjusted terms between 2013 and 2023. Without adjusting for inflation, the average retail price of electricity for the residential ...

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