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Posted December 13, 2024U.S. natural gas consumption reaches new highs driven by the electric power sector ›
This TIE has been updated to correct a chart.
Note: other=natural gas volumes consumed as transportation fuel, Bcf/d=billion cubic feet per day
U.S. natural gas consumption grew by 1% to reach a new annual high of 89.4 billion cubic feet per day (Bcf/d) in 2023, according to our Natural Gas Annual, and continued growing in the first nine months of 2024. The 1% increase in natural gas consumption in 2023 was driven by a 6.7% (2.2 Bcf/d) increase in consumption in the electric power sector, the largest natural gas consuming sector. U.S. consumption of natural gas for power generation averaged 35.4 Bcf/d, or 40% of U.S. natural gas consumed in 2023.
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- 12/12/2024
- Wind and solar combined share of generation
- 15.9
- %
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2.2%
from year earlier
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- Daily electric power demand
- 11838
- GWh
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4.5%
from year earlier
- 12/9/2024
- Natural gas spot prices
- $3.05
- /million Btu
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$0.004 /million Btu
from week earlier -
$0.664 /million Btu
from year earlier
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$0.38 /barrel
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