Author: US Energy Information Administration

Japanese Refineries Close As The Country’s Petroleum Consumption Falls

In our Short-Term Energy Outlook, we forecast the lowest annual petroleum consumption in Japan in 2024 since at least 1980, in part due to its aging and declining population. Japan’s reduced consumption is already affecting its refining industry. Japanese refiner ENEOS permanently closed a 120,000-barrel-per-day (b/d) refinery in western Japan in mid-October 2023, … [continued]

ChatGPT and DALL-E generated image of a panoramic cityscape view showing a variety of buildings with solar panels installed on their rooftops.

Less Than One-Third Of U.S. Commercial Buildings Were All-Electric In 2018

Fewer than one-third of U.S. commercial buildings were all-electric in 2018, and all-electric commercial buildings were most prevalent in the South, according to data from our Commercial Buildings Energy Consumption Survey (CBECS). As of 2018, 31%, or 1.8 million commercial buildings, were all-electric nationwide. Nearly half of all-electric U.S. buildings were concentrated … [continued]

Midjourney generated image of methanol, carbon dioxide.

Northeast U.S. Carbon Dioxide Emissions Prices Return to Last Year’s Highs

The most recent auction of carbon dioxide (CO2) emissions allowances in the major U.S. northeast regional trading hub reached near record-high prices, as the number of allowances available was reduced. The latest Regional Greenhouse Gas Initiative (RGGI) quarterly auction, held September 6, 2023, resulted in a clearing price of $13.85 per ton … [continued]

U.S. Nuclear Power Outages vs. Capacity

Every morning, each nuclear electricity generator in the United States reports its operating status to the Nuclear Regulatory Commission (NRC). The NRC compiles this information in its Power Reactor Status Report, and we present that information in interactive visualizations on our Status of Nuclear Outages page. Our analysis tool combines the NRC daily status with … [continued]

Low U.S. Gasoline Demand Is Making Gasoline Less Profitable, Reducing Crack Spreads

Low gasoline demand in combination with the seasonal switch to winter-grade gasoline has made gasoline less profitable to produce, reducing the difference between gasoline blendstock and crude oil prices to multiyear lows in October 2023. The crack spread is the difference between the price of a wholesale petroleum product and the crude oil price, … [continued]

EIA Expects U.S. Annual Solar Electricity Generation To Surpass Hydropower in 2024

We forecast that the United States will generate 14% more electricity from solar energy than from hydroelectric facilities in 2024, according to our Short-Term Energy Outlook (STEO). Our forecast is driven by continued growth in new utility-scale and small-scale solar facilities. For the first time in September 2022, the United States had … [continued]