EIA: average gasoline and diesel prices decrease in the US
The US average regular gasoline retail price decreased by US$0.02 to US$3.28/gal. on 27 December 2021, US$1.03 higher than in 2020.
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The US average regular gasoline retail price decreased by US$0.02 to US$3.28/gal. on 27 December 2021, US$1.03 higher than in 2020.
According to an EIA report, once the new LNG trains at Sabine Pass LNG and Calcasieu Pass LNG are placed in service, US LNG export capacity will become the world’s largest.
US jet fuel inventories have fallen below their five-year average as a result of less refinery production in October 2021, and increased jet fuel consumption during summer 2021.
According to analysis from EIA, carbon fees as high as US$35/t could decrease CO2 emissions in the US by as much as 19% in 2050, compared to 2020 levels.
The EIA expects 3.4% more US propane consumption this winter compared with last winter, reflecting greater use of propane as a petrochemical feedstock.
According to EIA, US crude oil exports reached record levels in 2020 and remain high in 2021, despite volatility in global oil markets.
According to EIA, as a result of several US refinery closures in 2020, US operable atmospheric crude oil distillation capacity dropped 4.5% to a total of 18.1 million bpd at the start of 2021.
According to EIA, although demand has increased for distillate, gasoline and jet fuel from their 2020 lows, the extent of the demand growth has differed by product.
In its June ‘Short-Term Energy Outlook’ (STEO), the EIA forecasts that rising global production of petroleum and other liquid fuels will limit price increases for global crude oil benchmarks.
According to the EIA, exports of fuel ethanol fell in the US for the second year running.
According to the EIA, the record-breaking cold snap which hit the US in February 2021 caused the largest monthly declines on record for natural gas production and industrial sector consumption, while residential sector consumption reached a record high.
The US Energy Information Administration reports that US imports of biomass-based diesel grew 12% in 2020 to more than 31 000 bpd.