Crude oil and other liquids fuel consumption growth are expected to weaken over the next two years, in line with a slowdown in economic growth, most notably in Asia, according to a May 15 report published by the U.S. Energy Information Administration. Oil consumption is still expected to grow, albeit at a slower rate. The…...
The New York State Public Service Commission on May 15 authorized approximately $1 billion per year from 2026 to 2030 to support energy efficiency and building electrification initiatives across the state. These programs will be managed by the large investor-owned electric and gas utilities, along with the New York State Energy Research and Development Authority…...
The U.S. Interior Department on May 14 announced the proposed rescission of a rule governing wind and solar energy development on public lands. This is in accordance with U.S. President Donald Trump’s agenda to eliminate burdensome regulations and stimulate economic growth. The proposed removal of the Bureau of Land Management’s clean energy regulation allows for…...
U.S. annual electricity consumption is forecast to increase during 2025 and 2026, exceeding the record high reached during 2024, according to a May 13 report published by the U.S. Energy Information Administration. The increase is attributed to higher demand from the commercial sector, which includes data centers and the industrial sector which includes manufacturing establishments…....
U.S. residential customers paid an average of $144 per month for electricity in 2024, but costs varied significantly by state, according to a May 13 report from the U.S. Energy Information Administration. Customers in Hawaii and Connecticut paid over $200 monthly, while those in New Mexico and Utah paid less than half as much. The…...
Recent developments in global trade policy and oil production are expected to lead to lower Brent crude oil prices during the remainder of 2025 and 2026 than previously forecast, according to the U.S. Energy Information Administration’s May Short-Term Energy Outlook. The agency also forecasts natural gas prices to rise during 2025 and 2026, following historic…...
The U.S. Energy Department on May 8 announced three new policy actions that are expected to save over $935 million yearly for taxpayers, while developing U.S. scientific research and innovation. In three new policy memorandums, the department announced that it will follow best practices utilized by fellow grant providers and reduce indirect costs, sometimes referred…...
The average number of wells completed simultaneously at the same location in the Lower 48 states has more than doubled, increasing from 1.5 wells during December 2014 to more than 3.0 wells during June 2024, according to a May 7 report published by the U.S. Energy Information Administration. The increase in the number of simultaneous…...
The U.S. Interior Department has announced plans to revise the Bureau of Ocean Management’s risk management and financial assurance regulations and develop a new rule that is in line with the Trump administration’s 2020 proposed regulatory guidelines. The amended measure, based on the 2020 proposed rule, would significantly reduce expenditures and red tape associated with…...
U.S. sustainable aviation fuel (SAF) production has increased so far in 2025, in line with new capacity coming online, according to a May 6 report published by the U.S. Energy Information Administration. U.S. production capacity, which was around 2,000 barrels per day (b/d) at the start of last year, rose to about 25,000 b/d in…...
Retail regular grade gasoline prices are consistently higher in California compared to any other state in the continental U.S., according to a May 5 report published by the U.S. Energy Information Administration. Retail gasoline prices often exceed the national average by over $1/ per gallon (gal). The high retail gasoline price in California can be…
The U.S. Energy Department on May 2 announced the withdrawal of the classification of miscellaneous gas products as covered consumer products under the Energy Policy and Conservation Act. The withdrawal will exempt several miscellaneous gas products, a group that includes outdoor heaters and decorative hearths, from an array of redundant rules on their production and…...