The U.S. average retail price for regular gasoline on August 27, 2018, was $2.83 per gallon (gal), the highest price on the Monday before Labor Day since 2014, when it was $3.45/gal. The 2018 price is 43 cents/gal higher than…
Month: August 2018
Shipments to gas stations before certain holidays affect gasoline product supplied
U.S. holiday weekends associated with increased driving, such as Labor Day and Memorial Day, often result in large swings or changes in gasoline product supplied. EIA uses product supplied as a proxy for U.S. gasoline consumption. Some of the largest…
Appalachia, Permian, Haynesville drive U.S. natural gas production growth
Gross production of natural gas in the United States has generally been increasing for more than a decade and in recent months has been more than 10% higher compared with the same months in 2017. This growth has been driven…
More than 30% of global maritime crude oil trade moves through the South China Sea
The South China Sea is a major trade route for crude oil, and in 2016, more than 30% of global maritime crude oil trade, or about 15 million barrels per day (b/d), passed through the South China Sea. …read more…
Hurricane Lane approaches Hawaii, threatens energy infrastructure
Hurricane Lane, a Category 3 hurricane, is currently on track to pass just to the south and west of Hawaii, bringing torrential rainfall and high winds to the islands. If Hurricane Lane makes landfall, it would be the first major…
Permian region is expected to drive U.S. crude oil production growth through 2019
EIA’s August Short-Term Energy Outlook (STEO) forecasts that U.S. crude oil production will average 10.7 million barrels per day (b/d) in 2018 and 11.7 million b/d in 2019. If realized, both of these forecast levels would surpass the previous record…
U.S. natural gas pipeline exports increase with commissioning of new pipelines in Mexico
U.S. natural gas pipeline exports to Mexico have been increasing following expansions of cross-border pipeline capacity. These exports averaged 4.2 billion cubic feet per day (Bcf/d) in 2017 and 4.4 Bcf/d through the first five months of 2018. Based on…
U.S. households are holding on to their vehicles longer
The turnover of household vehicles has slowed since 2009, based on U.S. Department of Transportation surveys of household vehicle travel. The 2017 National Household Travel Survey (NHTS) reported that households held on to their cars, trucks, and vans longer. The…
The port district of Houston-Galveston became a net exporter of crude oil in April
The U.S. port district of Houston-Galveston in Texas recently began exporting more crude oil than it imported for the first time on record. Crude oil exports from the Houston-Galveston port district have increased since the restrictions on U.S. crude oil…
Electric power sector coal inventories are expected to remain relatively low through 2019
In May 2018, coal inventories, or stockpiles, in the electric power sector totaled 128 million short tons (MMst), 34 MMst (21%) lower than in May 2017, and the lowest at that time of year since 2014. Stockpiles have averaged 35…
