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Posted May 26, 2016Today in Energy

Industrial and electric power sectors drive projected growth in U.S. natural gas use ›

U.S. consumption of natural gas is projected to rise from 28 trillion cubic feet (Tcf) in 2015 to 34 Tcf in 2040, an average increase of about 1% annually, according to EIA's Annual Energy Outlook 2016 (AEO2016) Reference case. The industrial and electric power sectors make up 49% and 34% of this growth, respectively, while consumption growth in the residential, commercial, and transportation sectors is much lower. More

Source: EIA, Annual Energy Outlook 2016


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Data Highlights

WTI crude oil futures price

5/24/2016: $48.62/barrels

up$0.31 from week earlier
up$48.62 from year earlier

Natural gas futures price

5/24/2016: $1.980/MMBtu

down$0.068 from week earlier
up$1.980 from year earlier

Retail gasoline price

5/23/2016: $2.300/gal

up$0.058 from week earlier
down$0.474 from year earlier

Crude oil inventories

5/20/2016: 537.1 million barrels 

down4.2 million barrels from week earlier
up57.7 million barrels from year earlier

Weekly coal production

5/14/2016: 11.369 million tons

up0.420 million tons from week earlier
down4.680 million tons from year earlier


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