U.S. retail gasoline prices fall below $3 per gallon, the lowest since 2021
On December 1, 2025, the U.S. average retail price of regular gasoline fell below $3.00 per gallon (gal) to $2.98/gal, according to data from our Gasoline and Diesel Fuel Update. When adjusted for inflation, the December 1 price is the lowest average U.S. gasoline price since February 2021.
Hurricanes in 2024 led to the most hours without power in the United States in 10 years
U.S. electricity customers experienced an average of 11 hours of electricity interruptions in 2024, or nearly twice as many as the annual average experienced in the decade before, according to our Electric Power Annual 2024 report. Major events such as Hurricanes Beryl, Helene, and Milton accounted for 80% of the hours without electricity in 2024.
Geopolitical developments contribute to elevated diesel prices
Global refinery margins for diesel have widened since late October and increased to their highest level all year, following refinery outages in Russia and in the Middle East and new sanctions on Russia’s crude oil, leading to limited refinery production and a decreased global diesel supply. The impact was most pronounced in the Atlantic Basin, […]
Hurricanes in 2024 led to the most hours without power in the United States in 10 years
U.S. electricity customers experienced an average of 11 hours of electricity interruptions in 2024, or nearly twice as many as the annual average experienced in the decade before, according to our Electric Power Annual 2024 report. Major events such as Hurricanes Beryl, Helene, and Milton accounted for 80% of the hours without electricity in 2024.
U.S. average gasoline prices this Thanksgiving are about the same as last year
On the Monday before Thanksgiving, the U.S. retail price for regular-grade gasoline averaged $3.06 per gallon (gal), just 2 cents/gal higher than the same time last year. After adjusting for inflation, however, this year marks the lowest average gasoline price for the Monday before the Thanksgiving holiday weekend since 2020, when the pandemic disrupted gasoline […]
Natural gas use for electricity in California falls as solar generation rises
Although natural gas generation still provides more electricity than any other source in California, electricity generation from natural gas has decreased over the past several years while generation from solar has increased.
U.S. associated natural gas production increased 6% in 2024
U.S. production of associated dissolved natural gas, also known as associated natural gas, increased by 6% last year, mirroring the growth in crude oil production from the Permian region. Associated natural gas production averaged 18.5 billion cubic feet per day (Bcf/d) in 2024, according to data from Enverus DrillingInfo.
EIA forecasts Alaska crude oil production to grow 13% in 2026
In our latest Short-Term Energy Outlook, we forecast crude oil produced from Alaska will reach 477,000 barrels per day (b/d) in 2026, the most since 2018.
U.S. rig counts remain low as production efficiencies improve
The average number of active rigs per month that are drilling for oil and natural gas in the U.S. Lower 48 states has declined steadily over the past few years from a recent peak of 750 rigs in December 2022 to 517 rigs this October. The declining rig count reflects operators’ responses to declining crude […]
U.S. natural gas inventories enter winter at similar level to 2024, the most since 2016
Working natural gas in storage in the Lower 48 states ended the natural gas refill season (April 1-October 31) with more than 3,900 billion cubic feet (Bcf), according to estimates based on data from our Weekly Natural Gas Storage Report released on November 6. U.S. inventories are starting winter 2025-26 at about the same level […]