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The latest news on Energy from the US Energy information administration
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Working natural gas in storage in the Lower 48 states at the end of March totaled 1,137 billion cubic feet (Bcf) according to EIA’s Weekly Natural Gas Storage Report. As of March 31, the usual end of the natural gas withdrawal season, working natural gas inventories were 30% lower than the previous five-year average for that time of year. This end-of-season level was the lowest since 2014, when working natural gas inventories at the end of March 2014 totaled 837 Bcf.
Posted: April 29, 2019, 1:00 pm
EIA’s Short-Term Energy Outlook forecasts that the typical U.S. residential household will consume about 3,080 kilowatthours of electricity this summer (June through August), down 5% from the average summer consumption in 2018. If this forecast is realized, it would be the lowest level of electricity consumption per customer since 2014 and the second-lowest level since 2001. EIA expects summer electricity consumption will be lower than in 2017 because of milder projected temperatures.
Posted: April 18, 2019, 1:00 pm
In the April 2019 update of its Summer Fuels Outlook, EIA expects the retail price of U.S. regular-grade gasoline will average $2.76 per gallon (gal) during the summer from April through September 2019. EIA’s expected average is down 3% from the 2018 summer average of $2.85/gal, mainly because EIA expects crude oil prices will be lower than last summer. EIA publishes the Summer Fuels Outlook as a supplement to its monthly Short-Term Energy Outlook (STEO).
Posted: April 17, 2019, 1:00 pm
Primary energy consumption in the United States reached a record high of 101.3 quadrillion British thermal units (Btu) in 2018, up 4% from 2017 and 0.3% above the previous record set in 2007. The increase in 2018 was the largest increase in energy consumption, in both absolute and percentage terms, since 2010.
Posted: April 16, 2019, 1:00 pm
In 2018, U.S. exports of crude oil rose to 2.0 million barrels per day (b/d), nearly double the 1.2 million b/d rate in 2017. Export volumes by destination changed significantly during the year, as U.S. crude oil exports to China fell and exports to other destinations such as South Korea, Taiwan, and Canada increased.
Posted: April 15, 2019, 1:00 pm
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