US Energy Information Administration news

The US EIA has reported that gasoline prices are higher than in February 2026 because of increasing crude oil prices related to the de facto closure of the Strait of Hormuz, at Memorial Day Weekend.

The EIA forecast US industrial natural gas consumption will climb to record highs through 2027 in the latest Short-Term Energy Outlook.

The US Energy Information Administration has published its May Short-Term Energy Outlook, reflecting a continued disruption to Middle Eastern oil flows.

Total energy production in the US increased to a new record of 107 quadrillion British thermal units in 2025, a 3.4% increase from the previous record set in 2024, driven by record high production in natural gas, crude oil, NGPLs, and renewables.

The US exported nearly 50 000 bpd of renewable diesel and other biofuels in 2H25, about 20% of the combined production for those fuels, the US EIA has reported.

Between the week ending March 20 and the week ending April 24, the US DOE released a total of 17.5 million bbl of crude oil from the US Strategic Petroleum Reserve, according to the EIA.

Prices for natural gas in Europe and Asia have diverged from those in the US since the 28 February closure of the Strait of Hormuz, the US EIA has reported.

The Dated Brent spot price increased to a premium of more than US$25/bbl compared with the front-month Brent futures contract in early April, the US EIA has reported.

In this report, the EIA examines strategic global oil inventory levels as of December 2025, before the coordinated emergency release following the closure of the Strait of Hormuz.

Annual motor gasoline consumption in the US decreased in 2025 even as vehicle miles travelled increased because of increasing fuel efficiency, a trend the EIA forecast will continue in 2026 and 2027.