In 2022, U.S. consumer spending on energy surged by 22 percent compared to 2021, exceeding $1.7 trillion after adjusting for inflation, according to an Aug. 28 report published by the U.S. Energy Information Administration. The increase was driven by higher U.S. energy prices, particularly higher petroleum prices for transportation. Petroleum and natural gas prices were…...
The U.S. retail price for all types of regular gasoline averaged $3.31 per gallon (gal) on Aug. 26, down 13 percent compared to the same time last year, ahead of the Labor Day weekend, according to an Aug. 29 report published by the U.S. Energy Information Administration. Lower gasoline prices heading into the holiday weekend…...
The U.S. Energy Department has awarded $521 million in grants to expand the network of electric vehicle charging and alternative fueling infrastructure. The grants, funded through the 2021 Infrastructure, Investment and Jobs Act, or IIJA, are expected to support the deployment of over 9,200 EV charging ports. The selected projects will aim to improve reliability…...
Natural gas usage for electricity generation accounted for 56 percent of New England’s production mix during the June 16-23 heatwave, hitting a high of 61 percent on June 22, according to an Aug. 27 report published by the U.S. Energy Information Administration. Natural gas fired power generation averaged 58 percent of the production mix from…...
U.S. sales of hybrid, plug-in hybrid, and battery electric vehicles rose from 17.8 percent of total new light duty vehicles sales in the first quarter of this year to 18.7 percent in the second quarter, according to a Aug. 26 report published by the U.S. Energy Information Administration. The increase in electric vehicle sales can…...
U.S. Senate Energy and Natural Resources Committee Chairman Joe Manchin (D-WV) led the inauguration of the Appalachian Regional Clean Hydrogen Hub, or ARCH2, program office on Aug. 22. Last October, the U.S. Energy Department selected the hub for up to $925 million in federal funding under the 2021 Infrastructure Investment and Jobs Act, or IIJA,…...
A number of refinery shutdowns in Ohio and Chicago have increased Midwest prices for petroleum products relative to the U.S. average, most notably for gasoline, according to an Aug. 22 report published by the U.S. Energy Information Administration. The outages have led to an unusual reduction in refining activity during the high demand summer period…...
The U.S. Energy Department has released a resource hub providing a suite of tools to support private and public stakeholders in fulfilling increasing electricity demand, while maintaining grid reliability, security, and affordability. Electricity demand is expected to increase significantly over the next decade driven by the domestic manufacturing sector, growing electrification, the increase in artificial…...
Amid ongoing improvements to interconnection processes across the U.S., current queue backlogs and the rapid increase in…Read the full report …...
Amid ongoing improvements to interconnection processes across the U.S., current queue backlogs and the rapid increase in new resources seeking to connect to the grid are driving innovative solutions.
The California Public Utilities Commission on Aug. 22 issued a decision establishing a novel centralized strategy to procure clean energy and accelerate the state’s efforts to achieve emissions reduction targets for 2045 and beyond. The decision, which determines the need for centralized procurement of long lead-time resources, intends to streamline the process of securing diverse…...
