US Energy Information Administration news
EIA adjusts forecast for US oil production after record set
The US Energy Information Administration (EIA) forecasts in its October Short-Term Energy Outlook (STEO) that US crude oil production will average 13.5 million bpd in both 2025 and 2026, both slightly higher than the agency’s September forecast.
US propane inventories are well stocked heading into winter heating season
For the week ending 26 September 2025, US propane inventory was 103 million bbl, about 13 million bbl more than the previous five-year average for this time of year, the EIA has reported.
Stable crude oil prices alongside increasing refinery margins
Crude oil prices were relatively stable in the 3Q25, ending the quarter just US$0.09/bbl less than they started, while refinery margins increased to their highest levels so far in 2025, the EIA has reported.
Lower fuel prices in 2024 resulted in the lowest US-Mexico energy trade value since 2020
The value of all energy trade between the US and Mexico was estimated to be US$57 billion in 2024, down from nearly US$72 billion in 2023, according to data from the US Census Bureau, the US EIA has reported.
EIA expects US drivers will spend the smallest share of their disposable income on gasoline since 2005
The US Energy Information Administration (EIA) expects U.S. drivers will spend less than 2% of their personal disposable incomes on gasoline in 2025 – the lowest share since 2005, excluding 2020.
US biodiesel and renewable diesel imports fall sharply in 2025
US imports of biodiesel and renewable diesel significantly decreased in the 1H25 compared with the same period in previous years, the US Energy Information Administration (EIA) has reported.
US retail gasoline prices lower than last year heading into Labour Day
On 25 August 2025, the Monday before Labour Day weekend, the retail price of regular gasoline averaged US$3.15/gal. across the US, 5% (or US$0.17 cents/gal.) lower than at the same time in 2024, the EIA has reported.
Transportation fuel demand remains below pre-pandemic levels
Five years after the COVID-19 national emergency was declared, gasoline demand, distillate demand, and jet fuel demand all remain less than pre-pandemic averages, the US EIA has reported.
US jet fuel consumption growth slows after air travel recovers from pandemic slowdown
US jet fuel consumption growth has slowed in 2025, following a period of rapid consumption growth after 2020, as US air travel recovered from the COVID-19 pandemic, the EIA has reported.
EIA expects record US natural gas consumption in 2025
The US Energy Information Administration (EIA) has forecasted that natural gas consumption in the US will increase 1% to set a record of 91.4 billion ft3/d in 2025.