Natural gas-fired electricity generation expected to reach record level in 2016

(Thu, 14 Jul 2016) Natural gas-fired electricity generation in the United States is expected to reach a record level this year, providing an average of 3.8 million megawatthours per day in 2016, or 4% higher than in 2015. Based on EIA's latest Short-Term Energy Outlook (STEO), monthly natural gas-fired generation is expected to reach record highs in July and August, when weather-related demand for air conditioning increases electricity demand.

Retail price of regular gasoline forecast to average $2.25 per gallon this summer

(Wed, 13 Jul 2016) In the July edition of the <em>Short-Term Energy Outlook</em> (STEO), EIA forecasts that the U.S. retail price for regular gasoline will average $2.25 per gallon (gal) this summer (March through September). The forecast price for this summer is lower than the 2015 summer average of $2.63/gal, but higher than the forecast from the April 2016 <em>Short-Term Energy and Summer Fuels Outlook</em>. The change in the forecast since April is largely attributable to increases in crude oil prices.

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