U.S. Energy Information Administration - EIA - Independent Statistics and Analysis
Today in Energy
Note: Maximum working gas represents highest demonstrated levels of storage across all facilities.
Natural gas stored in salt facilities, principally in the greater Gulf Coast gas-producing region, accounts for only 10% of storage capacity in the Lower 48 states, but it provides 28% of daily deliverability.
Note: Standard industrial electrolyzer (left) and dedicated hydrogen storage (right) will be engaged in power-to-gas conversion research. Commercial-grade systems will be significantly larger.
Large-scale electricity storage technologies are currently limited in use, with pumped hydroelectric storage accounting for more than 98% of total storage capacity. However, nonhydro storage is increasing, and there is considerable interest in developing new storage technologies with attractive costs and operating characteristics. Power-to-gas conversion is a potential storage solution that is undergoing advanced study and approaching commercial application.
On July 13, the U.S. average diesel fuel retail price fell below the average regular gasoline retail price for the first time since the week of August 10, 2009. From August 2009 through June of this year, retail diesel fuel sold at an average premium of 34 cents per gallon (gal) over regular grade gasoline, with the difference reaching more than 90 cents/gal in January.
Note: Deal values are adjusted for inflation.
The second quarter of 2015 exhibited the largest amount of oil companies' merger and acquisition (M&A) activity by value since fourth-quarter 2012. The announced merger between Royal Dutch Shell and BG Group in early April accounted for $84 billion of the $115 billion quarterly total.
Last month a group of industry stakeholders, and energy efficiency and environmental advocates, along with the U.S. Department of Energy (DOE), proposed consensus energy conservation standards for multiple commercial heating and cooling equipment types. DOE estimates these standards could save about 15 quadrillion Btu over 30 years. The working group represents an alternate approach to energy efficiency standards development within DOE.
Nuclear power currently makes up slightly more than 2% of China's total power generation. However, the Chinese government has a stated goal to provide at least 15% of overall energy consumption by 2020 (increasing to 20% by 2030) from non-fossil fuel sources, including nuclear, hydroelectricity and other renewable sources. To help achieve this target, China plans to increase nuclear capacity to 58 gigawatts (GW) and to have 30 GW of capacity under construction by 2020.
Note: Outage data reflect only nuclear units that have operated or were intended to operate in the past year.
As the country reaches the summer peak electricity demand season, nearly all U.S. nuclear generators have returned from refueling outages. Total outages were less than 1.5 gigawatts (GW) on July 6, the lowest level since late January. Daily nuclear outage levels and plant-by-plant status updates can be found in EIA's new Status of U.S. Nuclear Outages page.
Note: Working gas is defined as the quantity of natural gas in the reservoir that is in addition to base gas and is available for withdrawal. It may or may not be completely withdrawn during any particular withdrawal season.
With the release of the most recent Natural Gas Monthly, EIA began publishing base gas levels in natural gas storage facilities through the natural gas query system. Base gas plays an important role in underground natural gas storage, serving to maintain cavern or reservoir pressure and keeping natural gas storage facilities operational.
Note: Data for 2015 are average of January through April values.
Rail and pipeline shipments of crude oil from the Rocky Mountain region (Petroleum Administration for Defense District 4) have steadily increased as regional crude oil production has increased. The recently released Petroleum Supply Monthly, which contains data for April 2015, shows that 122,000 barrels per day (b/d) of crude oil was moved by rail from PADD 4 to other regions of the country, representing 19% of total crude shipments from the region.
The average retail price for motor gasoline this summer (April through September) is expected to be $2.67 per gallon, the lowest price (in real dollars, meaning adjusted for inflation) since 2009, based on projections in EIA's July Short-Term Energy Outlook (STEO). This decline is mainly the result of the projected 41% year-over-year decline in the average price of North Sea Brent crude oil.