During the spring and summer months, gasoline futures prices are generally higher than distillate futures prices by about 5 cents to 10 cents per gallon (gal). Not only is demand for gasoline in the United States higher in the spring…
Month: May 2018
Total liquid fuels inventories return to five-year averages in the United States and OECD
Global petroleum inventories declined through 2017 and the first quarter of 2018, marking the end of an extended period of oversupply in global petroleum markets that began before the Organization of the Petroleum Exporting Countries (OPEC) November 2016 agreement to…
Electric power sector consumption of fossil fuels at lowest level since 1994
Fossil fuel consumption in the electric power sector declined to 22.5 quadrillion British thermal units (quads) in 2017, the lowest level since 1994. The declining trend in fossil fuel consumption by the power sector has been driven by a decrease…
National average gasoline prices approach $3 per gallon heading into Memorial Day
Heading into the 2018 Memorial Day weekend, regular gasoline prices averaged $2.92 per gallon (gal) nationally on May 21, up from last year’s price of $2.40/gal before the holiday weekend. This year marks the highest price ahead of the Memorial…
Most U.S. motor gasoline exports go to Mexico
More than half of all U.S. motor gasoline exports went to Mexico in 2017. Changes to Mexico’s retail gasoline and diesel fuel markets, combined with low utilization of Mexico’s petroleum refineries, resulted in increased gasoline imports from the United States.…
The United States is a net energy importer from Canada
Canada is the largest energy trading partner of the United States, based on the combined value of energy exports and imports. Although the value of bilateral energy trade with Canada has varied over the past decade, driven primarily by changes…
Electrified vehicles continue to see slow growth and less use than conventional vehicles
Electrified vehicles (hybrid electric, plug-in hybrid electric, and battery electric) have been sold as high fuel economy alternatives to conventional gasoline vehicles for a number of years but collectively have been slow to gain market share in the United States.…
United States remains the world’s top producer of petroleum and natural gas hydrocarbons
The United States remained the world’s top producer of petroleum and natural gas hydrocarbons in 2017, reaching a record high. The United States has been the world’s top producer of natural gas since 2009, when U.S. natural gas production surpassed…
Northeast region slated for record natural gas pipeline capacity buildout in 2018
EIA expects construction of new natural gas pipeline capacity in the United States to continue in 2018, in particular in the northeastern United States. By the end of 2018, if all projects come online by their scheduled service dates, more…
Changing energy efficiency and fuel economy standards affects energy consumption
Legislation passed in the 1970s and 1980s and updated in subsequent decades established mandatory federal minimum energy efficiency standards for equipment and appliances in buildings and fuel economy standards for light-duty vehicles (LDVs). Three scenarios in EIA’s Annual Energy Outlook…
