Market news

EIA expects 2019 summer average residential electricity use to be lowest in five years

(Thu, 18 Apr 2019) EIA’s <em>Short-Term Energy Outlook</em> 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.

April 17, 2019 By 0 Comments Read more...

Brazil Country Analysis Brief - April 2019

(Thu, 18 Apr 2019) In 2017, Brazil was the eighth-largest energy consumer in the world and the third-largest energy consumer in the Americas, behind the United States and Canada. Discoveries of large, offshore, pre-salt oil deposits have transformed Brazil into a major world producer of petroleum and other liquids.

April 17, 2019 By 0 Comments Read more...

Summer 2019 gasoline prices forecast to be lower than last summer

(Wed, 17 Apr 2019) 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 <em>Summer Fuels Outlook</em> as a supplement to its monthly <em>Short-Term Energy Outlook</em> (STEO).

April 16, 2019 By 0 Comments Read more...

One in ten U.S. households pays an energy bill indirectly as part of rent or condo fees

(Thu, 11 Apr 2019) Many U.S. households do not pay energy utilities or other suppliers directly for using electricity, natural gas, fuel oil, or propane but pay indirectly through rent, fees, or to a third party such as a housing authority. Data from the most recent Residential Energy Consumption Survey (RECS) show that, in 2015, 12.4 million of the nation’s 118 million households (11%) paid some or all of their energy costs indirectly.

April 10, 2019 By 0 Comments Read more...

U.S. natural gas stocks end heating season at the lowest level since 2014

(Thu, 11 Apr 2019) Working natural gas in storage in the Lower 48 states as of March 31, the traditional end of the heating season (November 1–March 31), totaled 1,137 billion cubic feet (Bcf), according to EIA’s Weekly Natural Gas Storage Report released on April 11. As of March 31, estimated working gas stocks were 491 Bcf (30%) lower than the current five-year (2014–18) average for the end of the heating season.

April 10, 2019 By 0 Comments Read more...

Pages