Electric vehicle sales fell as hybrid vehicle sales continued to rise in 2025
About 22% of light-duty vehicles sold in 2025 in the United States were hybrid, battery electric, or plug-in hybrid vehicles, up from 20% in 2024. Among those categories, hybrid electric vehicles have continued to gain market share while battery electric vehicles and plug-in hybrid vehicles decreased, according to estimates from Omdia. In the second half […]
Record natural gas stock withdrawals during week ending January 30, 2026
Working natural gas stocks fell 360 billion cubic feet (Bcf) in the Lower 48 states for the week ending January 30, 2026, amid Winter Storm Fern-the largest weekly net withdrawal reported in the history of the Weekly Natural Gas Storage Report. The withdrawal exceeded the five-year average for the same week by 89% (170 Bcf). […]
U.S. wholesale day-ahead electricity prices rose in 2025 with higher natural gas prices
Average wholesale day-ahead electricity prices at most major trading hubs in the Lower 48 states were higher in 2025 than in 2024, driven largely by higher natural gas prices to electric generators. The largest increase in price was $29 per megawatthour (MWh) in New England’s Independent System Operator (ISO-NE), and the largest decrease was $14/MWh […]
New transmission line connecting Hydro-Quebec to ISO-NE begins commercial operations
Over the past few years, Independent System Operator-New England (ISO-NE) has relied less on Canada for electricity. On January 16, 2026, the New England Clean Energy Connect (NECEC), a 1,200 megawatt (MW) transmission line project, began commercial operation. The new high-voltage direct current NECEC transmission line is primarily intended to increase the amount of hydroelectric […]
Petroleum electricity generation surpassed natural gas in New England during winter storm
Although petroleum accounts for less than 1% of total U.S. utility-scale electric power generation, regions such as New England rely on oil-fired units during winter periods when cold weather creates high demand. When Winter Storm Fern affected New England this week, petroleum was the predominant energy source starting around midday on January 24 and lasting […]
Coal-fired generation rose to meet demand during Winter Storm Fern
In the week ending January 25, 2026, as Winter Storm Fern affected significant portions of the country, coal-fired electricity generation in the Lower 48 states increased 31% from the previous week. The increase contrasts with coal use in the earlier part of January, which had milder weather and consequently lower coal-fired generation compared with the […]
Crude oil tanker rates reached multi-year highs in late 2025
Shipping rates for crude oil tankers were at multi-year highs at the end of 2025 before falling in early 2026. Rates climbed in the fall of 2025 because of increased demand for crude oil shipments, particularly from buyers in East Asia, limiting the number of vessels available for bookings. In this analysis, we look at […]
Nuclear plants reported few outages in the first three weeks of January 2026
Between January 1, 2026, and January 21, 2026, nuclear power plant outages averaged 2.0 gigawatts (GW), 20% less than in the same period in 2025 and below the previous five-year range (2021–25) for 7 out of 21 days.
Severe winter weather across large portions of the country, natural gas prices increasing
Natural gas daily spot prices at the benchmark Henry Hub rose sharply over the past week, reaching nearly $8.15 per million British thermal units on January 22 as colder weather increased demand for space heating across the country. Higher wholesale natural gas prices generally contribute to higher wholesale electricity prices.
EIA forecasts near-term U.S. crude oil production will remain near 2025 record
In our January 2026 Short-Term Energy Outlook, we forecast U.S. crude oil production next year will remain near the record 13.6 million barrels per day (b/d) produced in 2025 before decreasing 2% to 13.3 million b/d in 2027. If realized, a fall in annual U.S. crude oil production will mark the first since 2021.