EIA’s Annual Energy Outlook 2019 projects growing oil, natural gas, renewables production

EIA’s Annual Energy Outlook 2019 projects continued robust growth in U.S. energy production, emergence of the United States as an energy exporter, and a cleaner U.S. electric power generation mix

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U.S. Energy-Related Carbon Dioxide Emissions, 2017

U.S. Energy Information Administration releases its online analysis of 2017 energy-related carbon dioxide emissions today. It indicates U.S. carbon dioxide emissions from the consumption of fossil fuels were 5,142 million metric tons carbon dioxide in 2017, a decrease of 0.9 percent from the 2016 level. Energy-related carbon dioxide emissions have declined in seven of the […]

Research & Studies
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U.S. Energy-related carbon dioxide emissions decreased 1.7% in 2016

Energy-related carbon dioxide (CO2) emissions decreased by 89 million metric tons (MMmt), from 5,259 MMmt in 2015 to 5,170 MMmt in 2016. Although real gross domestic product (GDP) increased 1.5% over that period, other factors contributing to energy-related CO2 emissions more than offset the growth in GDP, leading to a 1.7% decline in energy-related CO2. These factors include the following: •A decline in the carbon intensity of the energy supply (CO2/British thermal units [Btu]) of 1.7%

•A 1.4% decline in energy intensity (Btu/GDP)

Combining these two factors, the overall carbon intensity of the economy (CO2/GDP) declined by 3.1%. Emissions have declined in 6 out of the past 10 years, and energy‐related CO2 emissions in 2016 were 823 MMmt (14%) below 2005 levels.

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U.S. summer gasoline consumption sets new high

The consumption of U.S. finished motor gasoline reached a new high of 9.7 million barrels per day (b/d) in June 2016, surpassing the previous one-month high of 9.6 million b/d set in July 2007. U.S. gasoline consumption during summer 2016 (June through August) increased by 169,000 b/d, or 1.8%, relative to the same period in 2015. . . Vehicle miles traveled (VMT) were also high in summer 2016, setting a new record in June. From summer 2015 to summer 2016, VMT grew by 9.3 billion miles per day, an increase of nearly 3.0%. This is slightly more than the 1.8% growth in gasoline consumption over that period. Compared to summer 2007, summer 2016 VMT increased more than 6.4%, while gasoline consumption only increased 0.5%.

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Energy-related CO2 emissions for first six months of 2016 are lowest since 1991

U.S. energy-related carbon dioxide (CO2) emissions totaled 2,530 million metric tons in the first six months of 2016. This was the lowest emissions level for the first six months of the year since 1991, as mild weather and changes in the fuels used to generate electricity contributed to the decline in energy-related emissions. EIA’s Short-Term Energy Outlook projects that energy-associated CO2 emissions will fall to 5,179 million metric tons in 2016, the lowest annual level since 1992.

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U.S. retail gasoline prices lowest since 2009 ahead of Memorial Day weekend

The U.S. average retail price for gasoline was $2.24 per gallon (gal) on May 23, 50 cents per gallon (cents/gal) lower than at the same time last year, and the lowest average price just before Memorial Day weekend (the start of the summer driving season) since 2009.

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EIA projects 48% increase in world energy consumption by 2040

The U.S. Energy Information Administration’s recently released International Energy Outlook 2016 (IEO2016) projects that world energy consumption will grow by 48% between 2012 and 2040. Most of this growth will come from countries that are not in the Organization for Economic Cooperation and Development (OECD), including countries where demand is driven by strong economic growth, particularly in Asia. Non-OECD Asia, including China and India, accounts for more than half of the world’s total increase in energy consumption over the projection period.

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U.S. energy-related carbon dioxide emissions in 2015 are 12% below their 2005 levels

After increasing in 2013 and in 2014, energy-related carbon dioxide (CO2) emissions fell in 2015. In 2015, U.S. energy-related carbon dioxide emissions were 12% below the 2005 levels, mostly because of changes in the electric power sector. . . Many of the changes in energy-related CO2 emissions in recent history have occurred in the electric power sector because of the decreased use of coal and the increased use of natural gas for electricity generation.

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Declining energy prices lower the cost of living

In constant 2015 dollars, average annual household energy expenditures peaked at about $5,300 in 2008. Between 2008 and 2014, average annual household energy expenditures declined by 14.1%. During this period, household expenditures decreased by 17.7% for gasoline, 25.1% for natural gas, and 28.3% for fuel oil. Electricity expenditures declined by a more modest 0.7%

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