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Posted May 16, 2012Today in Energy

Natural gas consumption reflects shifting sectoral patterns ›

U.S. natural gas consumption since 1997 reflects shifting patterns. Total U.S. natural gas consumption rose 7% between 1997 and 2011, but this modest growth masks bigger changes in individual sectors. Electric power is now the largest natural gas consuming sector and it shows perhaps the greatest sensitivity to price changes. More

graph of Annual natural gas consumption by sector, as described in the article text

Source: EIA, Natural Gas Monthly.

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The world oil market is complicated. Oil companies and governments each play a role.

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Shale gas refers to natural gas that is trapped within shale formations.

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Data Highlights

Crude oil futures price

5/15/2012: $93.98/bbl

down$3.03 from week earlier
down$3.39 from year earlier

Natural gas futures price

5/15/2012: $2.500/mmBtu

up$0.107 from week earlier
down$1.818 from year earlier

Retail gasoline price

5/14/2012: $3.754/gal

down$0.036 from week earlier
down$0.206 from year earlier

Crude oil inventories

5/11/2012: 381.6 mmbbl

up2.1 mmbbl from week earlier
up11.3 mmbbl from year earlier

Weekly coal production

5/5/2012: 17.885 million tons

down0.001 million tons from week earlier
down1.545 million tons from year earlier

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