US Energy Information Administration news
EIA expects decreasing refining capacity to slow the decline of US refining margins
The US Energy Information Administration (EIA) expects US refinery capacity to be 17.9 million bpd at the end of 2025, about 3% less than at the beginning of 2024.
EIA: West Coast jet fuel margins fell in August because of high inventories
More jet fuel has been in US West Coast inventories than over the previous five years for 29 out of 35 weeks so far in 2024, according to the US Energy Information Administration's (EIA) Weekly Petroleum Status Report (WPSR).
EIA expects oil prices to increase despite concerns over economic growth and petroleum demand
The US Energy Information Administration (EIA) expects that Brent crude oil prices will return to above US$80/bbl this month, after dipping to US$73/bbl on 6 September.
EIA: US energy spending increased by more than 20% in 2022
In 2022, energy expenditures – or the amount of money US consumers spent on energy – increased 22% from 2021 to more than US$1.7 trillion when adjusted for inflation, according to the US Energy Information Administration's (EIA) State Energy Data System (SEDS).
EIA: Midwest refinery outages increase regional gasoline prices
The US Energy Information Administration (EIA) reports that a series of refinery outages in Chicago and Ohio have generally increased Midwest prices for petroleum products relative to the US average, particularly gasoline.
EIA: average state tax rates for retail gasoline and diesel fuel flat since January 2024
As of 1 July 2024, state taxes and fees on gasoline and diesel fuel averaged US$0.33 per gallon (gal) of gasoline and US$0.35/gal of diesel fuel, according to the EIA's federal and state motor fuel taxes table.
Natural gas storage injections remain low
Natural gas storage injections have remained below the five-year average so far for the 2024 summer.
EIA: global trade in LNG continued to grow in 2023
LNG trade increased 3.1% globally in 2023, according to a recently released report from the International Group of Liquefied Natural Gas Importers (GIIGNL).
EIA: jet fuel consumption in 2023 remained below the pre-pandemic high
The US Energy Information Administration (EIA) reports that annual jet fuel consumption in the US grew in 2023 for the third year in a row but remained below the pre-pandemic peak in 2019.
EIA: Increasing US gasoline inventories are reducing gasoline prices
Weekly US average gasoline prices have declined 19 cents/gal since the 2024 high on 22 April, falling to US$3.48/gal on 1 July, 5 cents/gal less than the price a year ago.