U.S. Energy Information Administration - EIA - Independent Statistics and Analysis
Today in Energy
Industrial sector energy consumption is expected to grow faster than all other sectors, according to EIA's Annual Energy Outlook 2015. A large portion of both consumption and anticipated growth is in the bulk chemicals industry, which is able to take advantage of increased domestic supply of natural gas, hydrocarbon gas liquids (HGL), and petrochemical feedstocks. While some energy is used in the bulk chemical manufacturing process for heat and power, most energy in that industry is used as feedstocks, or raw materials used in the manufacture of chemicals.
Note: Sector shares represent the renewable share of primary energy consumed in the sector.
Renewable energy accounted for 9.8% of total domestic energy consumption in 2014. This marks the highest renewable energy share since the 1930s, when wood was a much larger contributor to domestic energy supply.
EIA's recently released analysis of the Environmental Protection Agency's proposed Clean Power Plan rule shows it would result in major changes in the fuel mix used to generate electricity in the United States.
In June 2014, the U.S. Environmental Protection Agency (EPA) proposed a rule to regulate carbon dioxide (CO2) emissions from existing power plants under section 111(d) of the Clean Air Act. EIA's newly released analysis of the proposed rule shows power sector CO2 emissions falling to about 1,500 million metric tons per year by 2025, a level not seen since the early 1980s, in the Base Policy case.
On May 18, the U.S. average retail price for gasoline was $2.74 per gallon ($/gal), or 92¢ per gallon (¢/gal) lower than at the same time last year. This is the lowest average price heading into the Memorial Day weekend—the traditional start of the summer driving season—since 2009. Lower gasoline prices reflect lower crude oil prices, with the spot price of North Sea Brent crude oil at more than $45 per barrel ($/b) lower than the same time last year, despite having increased more than $10/b since the beginning of February.
U.S. net imports of natural gas decreased 9% in 2014, continuing an eight-year decline. As U.S. dry natural gas production has reached record highs, lower domestic prices have helped to displace natural gas imports. Net natural gas imports (imports minus exports) totaled 1,171 billion cubic feet (Bcf) in 2014, the lowest level since 1987.
Note: Dubai/Oman crude oil spot price is the average spot price of Dubai crude oil and Oman crude oil.
Gasoline crack spreads in the United States, especially on the U.S. East Coast, have reached several-year highs in recent months. Crack spreads, which reflect the difference between wholesale product prices and crude oil prices, are a good indicator of refiner profitability.
On May 18, EIA launched a beta version of a redesigned International Energy Portal designed to help users access international energy data and to provide new and expanded tools and capabilities to examine trends in global energy markets.
Republished May 18, 2015, 9:30 a.m. to correct an error in the graph
In the United States, petroleum is by far the most-consumed transportation fuel. But recently the share of fuels other than petroleum for U.S. transportation has increased to its highest level since 1954, a time when the use of coal-fired steam locomotives was declining and automobile use was growing rapidly. The recent increase can be mostly attributed to increased blending of biomass-based fuels with traditional vehicle fuels and growing use of natural gas in the transportation sector.
Although U.S. carbon dioxide (CO2) emissions associated with electricity generation have fallen from the 2005 level, they are projected to increase in the coming decades, based on analysis in EIA's Annual Energy Outlook 2015 (AEO2015) that reflects current laws and regulations, and therefore does not include proposed rules such as the U.S. Environmental Protection Agency's Clean Power Plan.