In our latest Short-Term Energy Outlook, we forecast that wind and solar energy will lead growth in U.S. power generation for the next two years. As a result of new solar projects coming on line […]
In our January Short-Term Energy Outlook (STEO), we expect average U.S. retail gasoline prices to decrease in 2024 because of increased inventories related to increased refinery capacity. In 2025, we expect slightly reduced gasoline consumption to further […]
In-brief analysis January 11, 2024 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), January 2024 We expect the U.S. benchmark natural gas spot price at the Henry Hub to […]
Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2024 We forecast average annual crude oil prices in 2024 and 2025 will remain near their 2023 average because we expect that global supply and […]
In-brief analysis January 9, 2024 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2024Note: Values for 2023 reflect historical data through October and estimates for November and December. We […]
In-brief analysis January 9, 2024 Updated 1/9/2023 to correct ownership of the Moss Landing Energy Storage Facility. Data source: U.S. Energy Information Administration, Preliminary Monthly Electric Generator Inventory, based on Form […]
In-brief analysis January 8, 2024 Data source: U.S. Energy Information Administration, Environmental Systems Research Institute, Inc. (ESRI), Giving Data Meaning (GDM), and the Government of Canada: Natural Resources Canada Work on […]
Data source: Refinitiv Eikon The U.S. benchmark Henry Hub natural gas price averaged $2.57 per million British thermal units (MMBtu) in 2023, about a 62% drop from the 2022 average annual price, according to data […]
January 3, 2024 Data source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update Note: Retail prices are in nominal terms and are not adjusted for inflation. U.S. retail gasoline prices in 2023 averaged $0.43 […]
January 2, 2024 Data source: Bloomberg, L.P. Note: Spot prices are in nominal terms and are not adjusted for inflation. The price of Brent crude oil averaged $83 per barrel (b) in 2023, down from […]
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