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In-brief analysis

April 7, 2025

U.S. propane consumption reached 1.48 million barrels per day (b/d) in January 2025, the most January consumption on record since January 2005 and the most for any month since February 2007, as severe cold drove up heating demand across much of the country.

U.S. propane consumption, which we measure as product supplied, is closely correlated with temperatures during the winter because propane is primarily used for space heating in the United States. January is typically the coldest month of the year. January 2025 was the coldest month recorded in the United States since January 2014, measured by heating degree days (HDDs).

January 2025 had 946 HDDs, just 26 fewer than in January 2014. Strong heating demand this winter due to cold weather caused propane prices to increase slightly, contributing to higher

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RSS feed source: US Energy Information Administration

In-depth analysis

April 3, 2025

Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), March 2025
Note: Earlier scenario assumes start-up dates two-to-five months earlier than announced by project developers; Later scenario assumes start-up dates six months later than announced by project developers.

U.S. exports of liquefied natural gas (LNG) represent the largest source of natural gas demand growth in our March 2025 Short-Term Energy Outlook (STEO), with LNG gross exports expected to increase by 19% to 14.2 billion cubic feet per day (Bcf/d) in 2025 and by 15% to 16.4 Bcf/d in 2026. The start-up timing of two new LNG export facilities—Plaquemines LNG Phase 2 (consisting of 18 midscale trains) and Golden Pass LNG—could significantly affect our forecast because these facilities represent 19% of incremental U.S. LNG export capacity in 2025–26.

To illustrate the

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In-brief analysis

April 2, 2025

Data source: U.S. Energy Information Administration, Form EIA-851A, Domestic Uranium Production Report (Annual), and Form EIA-851Q, Domestic Uranium Production Report (Quarterly)
Note: Data were withheld from second-quarter 2020 to second-quarter 2021. P=preliminary data; W=withheld

Companies in the United States produced more uranium concentrate in 2024 than in any year since 2018 after a sustained period of higher uranium prices spurred production, according to our recently published Domestic Uranium Production Report—Quarterly. The increase largely came from two in-situ recovery facilities, one in Texas and one in Wyoming, and the resumption of uranium production at White Mesa Mill in Utah, the only operational uranium mill in the United States. Production in the fourth quarter of 2024 alone was higher than the total annual production for each of the years in 2019–23.

Energy Fuels’

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In-brief analysis

April 1, 2025

Data source: U.S. Energy Information Administration, Petroleum Supply Monthly; Canada Energy Regulator
Note: Canada’s propane exports to the Pacific Basin include three shipments to Hawaii, according to Vortexa (less than 200,000 barrels each in 2021, 2023, and 2024).

Canada’s propane exports have steadily increased over the last decade, reaching record highs in 2024 as new marine export terminals streamlined the flow of propane from western Canada to export destinations, particularly to Asia. U.S. propane imports from Canada have stayed relatively consistent since Canada began waterborne exports in 2019.

Propane spot prices in Edmonton, Alberta, are typically at a discount to prices in both East Asia and Conway, Kansas, the propane market hub for the Midwest. Competitive pricing in Canada underpins the demand for Canada’s propane in both East Asia’s and the

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