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Today in Energy Short, timely articles with graphics on energy facts, issues, and trends.

  • U.S. gasoline prices ahead of Memorial Day weekend are 1% higher than last year
    on May 23, 2024 at 12:00 pm

    On May 20, 2024, the Monday before Memorial Day, the retail price of regular gasoline averaged $3.58 per gallon (gal) across the United States, 1% higher than at the same time last year. After adjusting for inflation (real terms), average U.S. retail gasoline prices going into Memorial Day weekend are 2% lower than last year. The American Automobile Association (AAA) projects 38.4 million people will travel by car over Memorial Day weekend, an increase of 4% compared with last year and nearly 2% more than in 2019.

  • Forecast strong hurricane season presents risk for U.S. oil and natural gas industry
    on May 22, 2024 at 5:00 pm

    Meteorologists are forecasting a particularly intense Atlantic hurricane season this year; they expect 20-25 named storms with a possibility of 30 or more, according to reports from AccuWeather in April. Colorado State University similarly forecasts an estimated 23 named storms this year. The potential for a stronger hurricane season suggests heightened risk for weather-related production outages in the U.S. oil and natural gas industry..

  • Guyana becomes key contributor to global crude oil supply growth
    on May 21, 2024 at 5:00 pm

    Guyana, situated on South America's northern coast neighboring Venezuela, Suriname, and Brazil, has emerged as a significant contributor to growth in the global supply of crude oil. Since starting production in 2019, Guyana has increased its crude oil production to 645,000 barrels per day (b/d) as of early 2024, all sourced from offshore resources in the Stabroek block.

  • U.S. electricity consumption by light-duty vehicles likely surpassed rail in 2023
    on May 20, 2024 at 5:00 pm

    Light-duty vehicles (LDV) in the United States used more electricity than rail systems for the first time in 2023, according to new estimates in our Electric Power Monthly. We recently started publishing experimental estimates for LDV electricity consumption, which are not collected on our traditional surveys but are derived using a model. We compared these estimates with consumption data from electric utilities that report transportation sector end use, which is almost only municipal and regional rail systems.

  • Natural gas-fired electricity generation in Texas set winter record in January 2024
    on May 16, 2024 at 12:00 pm

    The electric power grid managed by the Electric Reliability Council of Texas (ERCOT) recorded an all-time high for winter natural gas-fired electricity generation for an hour in January, according to our Hourly Electric Grid Monitor, when a three-day cold snap increased electricity demand. Hourly natural gas-fired electricity generation increased to 49.4 gigawatts (GW) for the hour starting at 7:00 p.m. central time on January 16, 2024, 1% more than the previous winter record of 48.8 GW set on December 23, 2022, and within 4% of the summer hourly high of 51.2 GW set between 7:00 p.m. and 8:00 p.m. on August 25, 2023.

Rigzone.com: Industry Headlines The latest oil and gas news from around the world.

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