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Posted July 1, 2016Today in Energy

Fossil fuels still dominate U.S. energy consumption despite recent market share decline ›

Three fossil fuels—petroleum, natural gas, and coal—have provided more than 80% of total U.S. energy consumption for more than 100 years. In 2015, fossil fuels made up 81.5% of total U.S. energy consumption, the lowest fossil fuel share in the past century. In EIA's Annual Energy Outlook 2016 Reference case projections, which reflect current laws and policies, that percentage declines to 76.6% by 2040. Policy changes or technology breakthroughs that go beyond the trend improvements included in the Reference case could significantly change that projection. More


Source: EIA, Monthly Energy Review

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Data Highlights

WTI crude oil futures price

6/30/2016: $48.33/barrels

down$1.78 from week earlier
down$8.63 from year earlier

Natural gas futures price

6/30/2016: $2.924/MMBtu

up$0.226 from week earlier
up$0.141 from year earlier

Weekly coal production

6/25/2016: 13.687 million tons

up0.336 million tons from week earlier
down1.846 million tons from year earlier

Natural gas inventories

6/24/2016: 3,140 Bcf

up37 Bcf from week earlier
up582 Bcf from year earlier

Crude oil inventories

6/24/2016: 526.6 million barrels

down4.1 million barrels from week earlier
up61.2 million barrels from year earlier

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