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Posted August 16, 2022Today in Energy

EIA expects renewables to account for 22% of U.S. electricity generation in 2022 ›

U.S. electricity generation from renewable sources, such as hydropower, wind, and solar, accounted for 20% of electricity generation both in 2020 and in 2021. We expect that share to increase to 22% in 2022 and to 24% in 2023 as more generating capacity from wind and solar come online and other generation sources, such as coal and nuclear, are retired. More

annual U.S. electricity generation

Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO)

Data Highlights

WTI crude oil futures price

8/15/2022: $89.41/barrel

down$1.35 from week earlier
up$20.97 from year earlier

Natural gas futures price

8/15/2022: $8.728/MMBtu

up$1.139 from week earlier
up$4.867 from year earlier

Retail gasoline price

8/15/2022: $3.938/gal

down$0.100 from week earlier
up$0.764 from year earlier

Retail diesel price

8/15/2022: $4.911/gal

down$0.082 from week earlier
up$1.555 from year earlier

Weekly coal production

8/6/2022: 11.165 million tons

down0.492 million tons from week earlier
down0.199 million tons from year earlier