Crude oil imports from Canada reached a record after pipeline expansion
U.S. imports of crude oil from Canada reached a record of 4.3 million barrels per day (b/d) in July 2024 following the expansion of Canada’s Trans Mountain pipeline. July is the most recent month for which data are available in our Petroleum Supply Monthly (PSM).
U.S. energy production has increased faster than energy consumption over the past 50 years
In October 1974, in the wake of the 1973 Oil Embargo, the Federal Energy Administration—the predecessor of the U.S. Department of Energy—published the first issue of the Monthly Energy Review (MER), an overview of the energy produced and consumed in the United States. In the 50 years since that first publication, the U.S. energy sector […]
U.S. ethane production reached a record 3.0 million barrels per day in May 2024
U.S. ethane production increased steadily over the last decade and reached a record of 3.0 million barrels per day (b/d) in May 2024. Ethane production in the first half of 2024 (1H24) averaged a record 2.8 million b/d, according to data from our Petroleum Supply Monthly. The increase was driven by more natural gas and […]
U.S. shale natural gas production has declined so far in 2024
U.S. natural gas production from shale and tight formations, which accounts for 79% of dry natural gas production, decreased slightly in the first nine months of 2024 compared with the same period in 2023. If this trend holds for the remainder of 2024, it would mark the first annual decrease in U.S. shale gas production […]
Market dynamics vary at key natural gas pricing hubs
Pricing hubs provide transactional flexibility to buyers and sellers in the natural gas industry. The integrated North American market has close to 200 pricing hubs, which vary by size, location, type, liquidity, and age. Pricing hubs convey market information and make it easier for buyers and sellers to arrange natural gas deals in physical and […]
U.S. construction costs rose slightly for solar and wind, dropped for natural gas in 2022
The average U.S. construction costs for solar photovoltaic systems and wind turbines in 2022 were close to 2021 costs, while natural gas-fired electricity generators decreased 11%, according to our recently released data. Average construction costs for solar generators increased by 1.7% in 2022, and for wind turbines they increased by 1.6%.
Four new petroleum liquids pipelines have been completed in the United States since 2023
Since 2023, pipeline companies have completed four new petroleum liquids pipeline projects in the United States—three crude oil pipeline projects and one hydrocarbon gas liquids (HGL) project—according to our recently updated Liquids Pipeline Projects Database. No new petroleum product pipeline projects were completed during this period. Petroleum product pipelines carry gasoline, diesel, jet fuel, and […]
Florida’s retail gasoline price stays stable after Hurricane Milton despite shortages
Hurricane Milton made landfall on Florida’s western coast on October 9 as a Category 3 hurricane. The hurricane and accompanying rain, winds, and flooding disrupted key gasoline supply chains to the state, leaving hundreds of retail gasoline stations without fuel. However, the average retail price of regular gasoline in Florida has remained relatively stable in […]
U.S. capacity to produce biofuels increased 7% in 2023
Capacity to produce biofuels increased 7% in the United States during 2023, reaching 24 billion gallons per year (gal/y) at the start of 2024, led by a 44% increase in a category we call renewable diesel and other biofuels. Other biofuels includes renewable heating oil, renewable jet fuel, also known as sustainable aviation fuel and […]
U.S. coal exports from the Port of Baltimore rebounded two months after bridge collapse
U.S. coal exports from the Port of Baltimore rebounded at the end of May 2024, according to recently released data from the U.S. Census Bureau. Shipments from the port’s two coal-loading terminals had stopped for almost two months following the collapse of the Francis Scott Key Bridge on March 26. The main shipping channel into […]