Northwest U.S. natural gas prices remain historically low in 2025
The article has been corrected to fix a data error
Note: Prices are adjusted for inflation based on June 2025 Bureau of Labor Statistics’ Consumer Price Index data.
Monthly average natural gas spot prices in the northwestern United States reached historic lows in 2025, as ample supply from Canada coincided with subdued regional demand for natural gas-fired electricity. At Northwest Sumas, a key pricing hub for natural gas in the U.S. Pacific Northwest, the daily spot price averaged $1.59 per million British thermal units (MMBtu) in 2025 through August and reached its lowest ever monthly average price of $0.56/MMBtu in June, according to data from Natural Gas Intelligence. The monthly average price for the first eight months of this year is the lowest for this period of any year since at least 1999, and it is about 17% lower than in this same period in 2024.
Read More ›Tags: Northwest, natural gas, prices, generation, Canada, hydroelectric, electricity
Growing natural gas deficit leads Egypt to ramp up natural gas imports
Note: The natural gas balance estimate is calculated by subtracting each country's annual natural gas consumption from its respective annual natural gas production.
In August 2025, Egyptian firm Blue Ocean Energy struck a $35 billion deal with partners in the Chevron-operated Leviathan field offshore of Israel to import more natural gas from Israel, the latest move by Egypt to meet natural gas demand that is outpacing domestic production. In our latest update to the Eastern Mediterranean Energy briefing, we discuss the drivers behind Egypt’s dwindling natural gas supply and analyze the natural gas dynamics in the region.
Read More ›Tags: natural gas, exports/imports, international
U.S. biodiesel and renewable diesel imports fall sharply in 2025 after tax credit change
U.S. imports of biodiesel and renewable diesel significantly decreased in the first half of 2025 (1H25) compared with the same period in previous years. This decline is primarily due to the loss of tax credits for imported biofuels and generally lower domestic consumption of these fuels.
Read More ›Russia’s natural gas and coal exports have been decreasing and shifting toward Asia
Note: LNG=liquefied natural gas. figure data
Since Russia’s full-scale invasion of Ukraine in February 2022, both Russia’s natural gas and coal exports have declined when compared with 2021. Russian exports to Europe have decreased most notably due to a mix of European sanctions and other policies aimed at reducing reliance on Russian energy. Russia has partially offset the decrease in natural gas and coal exports to European markets by increasing exports to Asia. However, pipeline and rail infrastructure to deliver natural gas and coal into Asia is less than the infrastructure capacity available for delivery into Europe, limiting the natural gas and coal exports that can be redirected without significant new infrastructure investments. For comparison, Russia has redirected crude oil and condensate exports from Europe to Asia with little new infrastructure.
Read More ›Tags: international, coal, natural gas, pipelines, exports/imports, Europe, Russia, map
Ten counties in the Permian Basin account for 93% of U.S. oil production growth since 2020
Data values: U.S. Field Production of Crude Oil
Between 2020 and 2024, total crude oil and lease condensate production in the United States grew by 1.9 million barrels per day (b/d), 93% of which was produced from just 10 counties in Texas and New Mexico. Production from the rest of the United States, including producing areas in offshore state or federal waters, grew by just 130,000 b/d.
Read More ›Tags: Permian, oil/petroleum, crude oil, liquid fuels, production/supply, states, New Mexico, Texas
U.S. retail gasoline prices lower than last year heading into Labor Day
On August 25, 2025, the Monday before Labor Day weekend, the retail price of regular gasoline averaged $3.15 per gallon (gal) across the United States, 5% (or 17 cents/gal) lower than at the same time last year.
Read More ›Tags: oil/petroleum, crude oil, liquid fuels, gasoline, prices
Transportation fuel demand remains below pre-pandemic levels
Five years after the COVID-19 national emergency was declared, gasoline demand, distillate demand, and jet fuel demand all remain less than pre-pandemic averages. Several factors are keeping demand, which we track as product supplied, below pre-pandemic levels. For example, increased fuel efficiency in the vehicle and aircraft fleets has offset increased travel, and demand for petroleum-based distillate fuel oil has been partially replaced by biomass-based distillate fuels.
Read More ›U.S. jet fuel consumption growth slows after air travel recovers from pandemic slowdown
Note: Growth rates are compound annual growth rates for 2010 to 2019, 2020 to 2024, and 2024 to 2026. We use product supplied to estimate consumption.
U.S. jet fuel consumption growth has slowed in 2025, following a period of rapid consumption growth after 2020, as U.S. air travel recovered from the COVID-19 pandemic. We forecast the slowdown in jet fuel consumption growth will continue through 2026, falling below both the accelerated rate of the previous four years and the longer-term growth rate seen during the 2010s. Contributing factors include rising economic concerns weighing on flight demand and ongoing improvements in commercial aircraft fleet fuel economy.
Read More ›EIA expects record U.S. natural gas consumption in 2025
Data values: U.S. Natural Gas Supply, Consumption, and Inventories
We forecast natural gas consumption in the United States will increase 1% to set a record of 91.4 billion cubic feet per day (Bcf/d) in 2025. In our latest Short-Term Energy Outlook, we expect natural gas consumption to increase across all sectors except for electric power, which had been the source of most natural gas consumption growth in the previous decade.
Read More ›Alaska residents spent three times more on energy than Florida residents in 2023
Data values: Primary energy, electricity, and total energy expenditure estimates
Alaska has the highest per capita energy expenditures of any state at $12,100, according to our recently published State Energy Data System information for 2023. Wyoming and North Dakota spent the next most on energy at $10,100 and $9,300 per capita, respectively. All three states spent twice as much as the national average of $4,700. Florida had the lowest per capita energy expenditures at $3,700, followed by New York and Maryland at $3,800 each.
Read More ›U.S. developers report half of new electric generating capacity will come from solar
Developers added 12 gigawatts (GW) of new utility-scale solar electric generating capacity in the United States during the first half of 2025, and they plan to add another 21 GW in the second half of the year, according to our latest survey of electric generating capacity changes. If those plans are realized, solar would account for more than half of the 64 GW that developers plan to bring online this year. Battery storage, wind, and natural gas power plants account for virtually all of the remaining capacity additions for 2025.
Read More ›Tags: electricity, generation, capacity, solar, natural gas, wind, storage, retirements
U.S. natural gas storage levels remain above average through injection season
Data values: U.S. Natural Gas Supply, Consumption, and Inventories
In our latest Short-Term Energy Outlook, we forecast U.S. working natural gas inventories will reach 3,872 billion cubic feet (Bcf) by the end of October, or 2% more than the previous five-year average for that time of year. Natural gas inventories grew quickly in late April through early June, with seven consecutive weeks of net injections to inventories exceeding 100 Bcf each for the first time since 2014.
Read More ›Tags: storage, natural gas, inventories/stocks
Even without hurricanes, customers in Puerto Rico lose about 27 hours of power per year
Data values: Reliability–2024 Data Early Release
Even without accounting for electricity interruptions resulting from major events such as hurricanes, customers in Puerto Rico experienced on average 27 hours of power grid interruptions per year between 2021 and 2024. By comparison, electricity customers in the mainland United States generally experience about two hours of electricity interruptions per year without major events.
Read More ›Tags: annual, electricity, outages, electric power grid
The United States exported 30% of the energy it produced in 2024
Data values: Primary Energy Overview and Primary Energy Exports by Source
Note: Other includes biomass, coal coke, and electricity.
In 2024, the United States exported about 30% of its domestic primary energy production. This percentage has grown considerably in recent decades, according to data in our Monthly Energy Review. Nearly all of the exports were fossil fuels destined for other countries in North America, Europe, or Asia.
Read More ›Five countries account for 71% of the world’s nuclear generation capacity
Data values: Power Reactor Information System
Five countries account for more than two-thirds of the world’s total nuclear electricity generation capacity. The United States has the most capacity, followed by France, China, Russia, and South Korea, based on International Atomic Energy Agency (IAEA) data as of June 2025. Globally, 416 nuclear power reactors are operating in 31 countries, with a total installed net generating capacity of 376 gigawatts (GW).
Read More ›Tags: nuclear, electricity, generation, power plants, international, United States, China, Russia, South Korea