Short, timely articles with graphics on energy facts, issues, and trends.
U.S. average gasoline prices this Thanksgiving are higher than the previous two years
Heading into the Thanksgiving holiday weekend, U.S. retail regular-grade gasoline averaged $2.57 per gallon (gal), up 41 cents/gal from the same time last year. Although gasoline prices are higher than in both 2015 and 2016, the Thanksgiving 2017 gasoline price is still the third-lowest since 2008.
Natural gas inventories end October just below the previous five-year average
Working natural gas in storage in the Lower 48 states as of October 31, 2017, totaled 3,784 billion cubic feet (Bcf), as interpolated from EIA's Weekly Natural Gas Storage Report data. Natural gas storage levels typically increase from April through October, although net injections sometimes occur in November.
Link between growth in economic activity and electricity use is changing around the world
Growth in economic activity (measured as gross domestic product) has tended historically to be coupled with increases in electricity use as populations grow and generate more goods and services. However, more recently this relationship has been decoupling in many countries.
Decommissioning nuclear reactors is a long-term and costly process
Since 2013, six commercial nuclear reactors in the United States have shut down, and an additional eight reactors have announced plans to retire by 2025. The retirement process for nuclear power plants involves disposing of nuclear waste and decontaminating equipment and facilities to reduce residual radioactivity, making it much more expensive and time consuming than retiring other power plants.
Growth in global energy-related carbon dioxide emissions expected to slow
EIA projects that growth in global carbon dioxide (CO2) emissions from energy-related sources will slow despite increasing energy consumption. EIA's International Energy Outlook 2017 (IEO2017) Reference case projects that energy-related CO2 emissions will grow 0.6% per year from 2015 to 2040, a slower rate of growth than the 1.8% per year experienced from 1990 to 2015.