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Household Spending on Gasoline and Public Transit Varies by Region, Income

Source: U.S. Bureau of Labor Statistics, Consumer Expenditure Survey 2003-13.Households in different regions of the United States have similar average combined spending on gasoline and public transit, but the composition of that spending varies...

Posted April 19, 2015    

U.S. Energy Imports and Exports to Come into Balance for First Time Since 1950s

Source: U.S. Energy Information Administration, Annual Energy Outlook 2015 (interactive table viewer)Projections in EIA's Annual Energy Outlook 2015 (AEO2015), released April 14, show the potential to eliminate net U.S. energy imports sometime...

Posted April 17, 2015    

Summer Gasoline Prices to be Down More than $1 from Last Summer

Source: U.S. Energy Information Administration, Short-Term Energy OutlookU.S. drivers are projected to pay an average of $2.45/gallon (gal) for regular grade gasoline this summer (April through September), according to EIA's Short-Term Energy and...

Posted April 14, 2015    

Financial Hedging Helps Some Producers Mitigate Effect of Falling Oil Prices

Source: U.S. Energy Information Administration, based on Evaluate Energy. Note: Hedging is a financial risk-reduction strategy that market participants can use to lock in future prices.The decline in crude oil prices since last summer has had a...

Posted April 12, 2015    

U.S. Remained World's Largest Producer of Petroleum and Natural Gas Hydrocarbons in 2014

Source: U.S. Energy Information Administration. Note: Petroleum production includes crude oil, natural gas liquids, condensates, refinery processing gain, and other liquids, including biofuels. Barrels per day oil equivalent were calculated using a...

Posted April 10, 2015    

U.S. Ethanol Exports in 2014 Reach Highest Level Since 2011

Source: U.S. Energy Information Administration, Petroleum Supply MonthlyAccording to EIA monthly supply data through December 2014, which EIA released in late February, U.S. exports of fuel ethanol in 2014 reached their second-highest level at a...

Posted April 5, 2015    

U.S Oil Production Growth in 2014 was Largest in More than 100 Years

Source: U.S. Energy Information Administration, Petroleum Supply MonthlyU.S. crude oil production (including lease condensate) increased during 2014 by 1.2 million barrels per day (bbl/d) to 8.7 million bbl/d, the largest volume increase since...

Posted April 3, 2015    

U.S. Biodiesel and Renewable Diesel Imports Decline 36% in 2014

Source: U.S. Energy Information Administration, Petroleum Supply MonthlyAfter reaching record levels in 2013, United States imports of biomass-based diesel fuel (both biodiesel and renewable diesel) fell 36%, to 333 million gallons in 2014....

Posted March 27, 2015    

U.S. Commercial Crude Oil Inventories Now Provide the Most Days of Supply Since 1985

Source: U.S. Energy Information Administration, Petroleum and Other Liquids and Short-Term Energy Outlook. Note: U.S. crude oil inventories exclude Strategic Petroleum Reserves. December 2014 to February 2015 are estimates.With lower U.S. refinery...

Posted March 25, 2015    

Growth in Residential Electricity Prices Highest in 6 Years, but Expected to Slow in 2015

Source: U.S. Energy Information Administration, Electric Power Monthly and Short-Term Energy OutlookResidential electricity customers in most areas of the country experienced large increases in retail electricity prices during 2014, with the...

Posted March 22, 2015    

Friday Energy Facts: Energy Subsidies Decline Since 2010, with Changes Across Fuel Types

Source: EIA, Direct Federal Financial Interventions and Subsidies in Energy in Fiscal Year 2013. Note: LIHEAP is the Low Income Home Energy Assistance Program.EIA has updated a report on federal subsidies to the energy industry, covering the 2013...

Posted March 20, 2015    

Oil Price Decline Leads to Lower Tax Revenues in Top Oil-Producing States

Source: U.S. Energy Information Administration, based on crude oil production data and preliminary information from state governors' offices and publicly available information for North Dakota and Texas.The decline in spot oil prices in the last...

Posted March 17, 2015