US Energy Information Administration news

The US Energy Information Administration has released the December Short-Term Energy Outlook.

US retail prices have fallen below US$3/gal., the lowest price since 2021, the US Energy Information Administration has reported.

The US Energy Information Administration (EIA) considers key geopolitical developments that have contributed to rising diesel prices in the final months of 2025.

On the Monday before Thanksgiving, the US retail price for regular-grade gasoline averaged US$3.06/gal., just ¢2/gal. higher than the same time in 2024, the EIA has reported.

Working natural gas in storage in the Lower 48 states ended the natural gas refill season with more than 3900 billion ft3, according to estimates based on data from the EIA’s Weekly Natural Gas Storage Report.

The pace of capacity additions for US biofuel production slowed in 2024, with production capacity increasing by a modest 3% from the start of 2024 to the start of 2025, according to the EIA’s latest biofuels production capacity reports.

The US is on track to export a record amount of fuel ethanol for the second year in a row in 2025, driven by growing international demand, the EIA has reported.

LNG exporters in the US have announced plans to more than double US liquefaction capacity, adding an estimated 13.9 billion ft3/d between 2025 and 2029, according to the EIA.

US ethane exports are poised for significant growth through 2026, driven by robust global demand for ethane as a petrochemical feedstock, substantial US export capacity expansions, and larger vessels to carry ethane exports, the EIA has reported.

The US EIA estimates crude oil inventories in China increased by about 900 000 bpd between January and August 2025, essentially acting as a source of demand by removing barrels from the global markets.