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.
- Residential propane prices so far this winter are similar to last winter's prices
According to the U.S. Energy Information Administration's (EIA) Heating Oil and Propane Update (HOPU), propane prices during the first two weeks of the current winter heating season (October 1 through March 31) were 4% lower than during the same time last winter. Lower residential propane prices are the result of inventories that are near the high-end of the five-year (2015–2019) average and a decrease in crude oil prices since last year at this time.
- Utility-scale battery storage costs decreased nearly 70% between 2015 and 2018
The average energy capacity cost of utility-scale battery storage in the United States has rapidly decreased from $2,152 per kilowatthour (kWh) in 2015 to $625/kWh in 2018. Battery storage systems store electricity produced by generators or pulled directly from the electric power grid and redistribute the power later as needed. At the end of 2018, the United States had 869 megawatts (MW) of installed battery power capacity (the maximum amount of power a battery can provide at a given moment) and 1,236 megawatthours (MWh) of battery energy capacity (the total amount of energy that can be stored by a battery).
- U.S. natural gas exports to Mexico have increased in the first nine months of 2020
U.S. exports of natural gas to Mexico, almost all of which travel by pipeline, have continued to increase in 2020. These increases have more than offset declines in Mexico's imports of liquefied natural gas (LNG) and relatively smaller declines in Mexico's domestic natural gas production.
- EIA forecasts slightly higher U.S. propane consumption this winter season
The U.S. propane market is highly seasonal: about two-thirds of the propane consumed last year was consumed in the winter months (October through March). In the United States, most propane is consumed in homes during the winter; about 5% of U.S. homes use propane as their main heating fuel. In its latest Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) expects 5% more U.S. propane consumption this winter compared with last winter, largely because a cooler winter forecast means more demand for residential space heating.
- EIA expects relatively high distillate inventories to decrease through the winter
U.S. distillate fuel oil inventories remained high through summer 2020 because production outpaced demand. The U.S. Energy Information Administration (EIA) expects that increased demand for distillate fuel oil in the agriculture and residential sectors in the coming winter will help to draw down high U.S. distillate inventories. These initially relatively high inventories, along with lower crude oil prices, will continue putting downward pressure on distillate fuel oil prices through the 2020–21 winter season.
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