U.S. Department of Energy Information Administration news feed provides statistics analysis at your fingertips. Stay informed during one of the most volatile energy periods in history.
- NERC assessment highlights potential electricity reliability concern for central U.S.
Higher electricity demand forecasts and potential supply reductions are raising concerns about tight reserve margins in the Midcontinent Independent System Operator (MISO) balancing authority this summer. Working in conjunction with regional utility service providers, balancing authorities are responsible for ensuring that wholesale electric power markets provide sufficient electric generation capacity to meet consumer demand, both in real time and over several years.
- Natural gas production in the Permian Basin reached an annual high in 2021
Marketed natural gas production from the Permian Basin in western Texas and eastern New Mexico reached a new annual high of 16.7 billion cubic feet per day (Bcf/d) in 2021. Annual marketed natural gas production in the Permian Basin has been rising steadily since 2012.
- California drought could reduce hydroelectric generation to half of normal levels
As part of a supplement to our Short-Term Energy Outlook, we analyzed how drought conditions could affect hydroelectric generation in California this summer. California hydroelectric generation would be 48% less this summer in an alternative case that assumes drought conditions compared with a case that assumes relatively normal water conditions. This shortfall would need to be made up from other sources of electric power supply.
- Nearly 90% of U.S. households used air conditioning in 2020
According to the most recent results from the 2020 Residential Energy Consumption Survey, 88% of U.S. households use air conditioning (AC). Two-thirds of U.S. households use central AC or a central heat pump as their main AC equipment.
- Memorial Day real gasoline prices highest since 2012, near record levels
On May 23, heading into this Memorial Day weekend, the U.S. average retail price of regular gasoline was $4.59 per gallon (gal), the highest inflation-adjusted (real) price since 2012. On a nominal basis, this price is the all-time highest price for gasoline recorded in our weekly Gasoline and Diesel Fuel Update, which dates back to 1990. The high price of gasoline is currently driven by several factors, including the price of crude oil, the effects of Russia's full-scale invasion of Ukraine, and rising U.S. gasoline demand outpacing refinery runs. .