RSS feed source: US Energy Information Administration

In-brief analysis

May 16, 2024

Data source: U.S. Energy Information Administration, Hourly Electric Grid Monitor
Note: ERCOT=Electric Reliability Council of Texas; CT=central time

The electric power grid managed by the Electric Reliability Council of Texas (ERCOT) recorded an all-time high for winter natural gas-fired electricity generation for an hour in January, according to our Hourly Electric Grid Monitor, when a three-day cold snap increased electricity demand. Hourly natural gas-fired electricity generation increased to 49.4 gigawatts (GW) for the hour starting at 7:00 p.m. central time on January 16, 2024, 1% more than the previous winter record of 48.8 GW set on December 23, 2022, and within 4% of the summer hourly high of 51.2 GW set between 7:00 p.m. and 8:00 p.m. on August 25, 2023.

Electricity demand typically peaks in Texas in the summer during

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RSS feed source: US Energy Information Administration

In-brief analysis

May 15, 2024

Average monthly prices for regular-grade retail gasoline in the United States could increase by more than 10 cents per gallon (gal) if refinery output is lower than expected, according to an analysis we published on May 14.

In our May Short-Term Energy Outlook (STEO), which serves as the Base case for our new analysis, we forecast summer regular retail gasoline prices will average about $3.70/gal.

The new analysis, a Perspectives supplement to our May STEO, presents a High Refining Cost scenario, which examines:

The potential effects of lower gasoline yields, based on limited production of high-octane gasoline blend components The impact of widening differences between retail prices on the East and West Coasts and the Gulf Coast The influence of higher regional retail gasoline prices, increased gasoline imports, and slightly

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RSS feed source: US Energy Information Administration

In-brief analysis

May 13, 2024

Data source: Vortexa
Note: Shipments with no recorded destination are included in all other countries.

In 2023, Brazil and Saudi Arabia replaced France and Germany as the countries with the second- and third-most seaborne diesel imports from Russia after sanctions related to Russia’s petroleum product trade went into effect in February 2023. Türkiye was Russia’s largest seaborne diesel importer in both 2022 and 2023.

Diesel made up 40% of Russia’s seaborne petroleum products exports in 2023, increasing 8% from 0.9 million barrels per day (b/d) in 2022 to 1.0 million b/d in 2023. Brazil received 13% (136,000 b/d) of these exports in 2023, and Saudi Arabia received 6% (61,000 b/d), increasing each country’s shares from less than 1% in 2022. Türkiye, a non-EU member, received 13% (122,000 b/d) in 2022 and

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RSS feed source: US Energy Information Administration

In-brief analysis

May 10, 2024

Data source: U.S. Energy Information Administration, Hourly Electric Grid Monitor
Note: The chart series reflects the average electricity generation from coal for a given hour across one year; the data are reported in 24-hour increments for the U.S. Lower 48 states, based on local time.

Electricity generation from units that primarily consume coal in the U.S. Lower 48 states decreased for all hours of the day by about 23% between 2021 and 2023, according to our Form EIA-930, Hourly and Daily Balancing Authority Operations Report. Most of the decline occurred between 2022 and 2023, when coal-fired generation fell 19% and the average natural gas spot price at the Henry Hub decreased by more than 60%.

Several factors have accounted for reductions in coal-fired generation since 2021:

Coal capacity has decreased

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