October 27, 2020 According to the U.S. Energy Information Administration’s (EIA) Heating Oil and Propane Update (HOPU), prices during the first two weeks of the current winter heating season (October 1 through March 31) were 28% lower for heating oil than during the 2019–2020 winter. This decrease is the largest price decrease between the start of two seasons … [Read more...] about Residential heating oil prices this winter are 28% lower than last winter
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 … [Read more...] about Residential propane prices so far this winter are similar to last winter’s prices
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 … [Read more...] about Utility-scale battery storage costs decreased nearly 70% between 2015 and 2018
U.S. natural gas exports to Mexico have increased in the first nine months of 2020
October 22, 2020Source: U.S. Energy Information Administration, based on Genscape, Inc. (a Wood Mackenzie company)Note: Other represents a balancing item to reconcile monthly supply and consumption. 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 … [Read more...] about U.S. natural gas exports to Mexico have increased in the first nine months of 2020
EIA forecasts slightly higher U.S. propane consumption this winter season
October 21, 2020 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 … [Read more...] about EIA forecasts slightly higher U.S. propane consumption this winter season