US Energy Information Administration news

The Energy Information Administration has updated its forecast for 2025’s US natural gas prices and has revealed expectations for oil prices to decrease later in the year.

Refinery closures and rising consumption will reduce US petroleum inventories in 2026 according to the US Energy Information Administration.

Envana has secured a grant for US$5.2 million DOE Methane Mitigation Technology Project.

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.

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).

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.

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).

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.

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 have remained below the five-year average so far for the 2024 summer.