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Posted June 19, 2019 Today in Energy

More new natural gas combined-cycle power plants are using advanced designs ›

Lower natural gas prices in recent years have spurred the construction of new natural gas-fired power plants in the United States. Of the new U.S. natural gas capacity added since 2016, 31% use advanced natural gas-fired combined-cycle (ANGCC) units. Greater use of the new, larger ANGCC designs has led to efficiency gains and economies of scale, which have resulted in reduced capital construction costs. These lower costs are likely to substantially increase ANGCC’s share of new U.S. natural gas capacity additions in future years. More

U.S. natural gas combined-cycle capacity additions

Source: EIA, Electric Generator Inventory (Form EIA-860)

Data Highlights

WTI crude oil futures price

6/18/2019: $53.90/barrel

up$0.63 from week earlier
down$11.95 from year earlier

Natural gas futures price

6/18/2019: $2.328/MMBtu

down$0.071 from week earlier
down$0.623 from year earlier

Retail gasoline price

6/17/2019: $2.670/gal

down$0.062 from week earlier
down$0.209 from year earlier

Crude oil inventories

6/14/2019: 482.4 million barrels 

down3.1 million barrels from week earlier
up55.8 million barrels from year earlier

Weekly coal production

6/8/2019: 12.164 million tons

up0.137 million tons from week earlier
down2.468 million tons from year earlier