EIA: Vehicles used more electricity than rail systems in 2023

by Talk Business & Politics staff (staff2@talkbusiness.net)

Light-duty vehicles in the United States used more electricity than rail systems for the first time in 2023 amid rising sales of electric vehicles (EVs), according to the U.S. Energy Information Administration (EIA).

A new EIA analysis released Monday (May 20) shows electricity consumption by EVs rose to 7,596 gigawatt-hours in 2023, almost five times the consumption in 2018. Annual electricity consumption by railways has remained flat at about 7,000 gigawatt-hours over the past two decades.

Railways has been the largest electricity end-user in the transportation sector since 2003. Over that period, municipal railway systems or electrified passenger rail have had limited expansion.

EIA: Vehicles used more electricity than rail systems in 2023

Quarterly natural gas consumption falls to lowest level in 5 years

by Jeff Della Rosa (JDellaRosa@nwabj.com)

U.S. natural gas consumption is expected to be lower in the first quarter than in any of the same periods since 2018, according to the U.S. Energy Information Administration (EIA). First-quarter average consumption of about 99 billion cubic feet per day is the least for any first quarter since 2018.

The EIA released Tuesday (March 7) the March Short-Term Energy Outlook that shows January and February were likely to be among the warmest on record in data going back to 1895, and this contributed to lower heating demand, resulting in lower consumption. This will lead to lower prices and more natural gas in storage.

EIA expects 2023 wholesale prices of natural gas to be half of the 2022 average. Inventories are projected to be 23% more than the five-year average at the end of the first quarter.

https://talkbusiness.net/2023/03/quarterly-natural-gas-consumption-falls-to-lowest-level-in-5-years/

EIA says to expect ‘historically high’ energy prices through 2023

by Jeff Della Rosa (JDellaRosa@nwabj.com)

U.S. energy prices are expected to remain high through 2023 as a result of economic recovery and the Russian invasion of Ukraine, according to the U.S. Energy Information Administration (EIA).

The EIA released Tuesday (June 7) the June Short-Term Energy Outlook that shows the prices of oil, natural gas, coal and electricity will remain high through next year.

The share of renewables in U.S. electricity generation is expected to rise as a result of the high prices of natural gas and coal. Renewables are largely expected to offset the decline in coal’s share. Wind and solar generation are projected to account for more than 11% of U.S. electricity generation this summer, up from less than 10% in summer 2021. The natural gas share is projected to fall over the next two years but at a slower rate than coal.

https://talkbusiness.net/2022/06/eia-says-to-expect-historically-high-energy-prices-through-2023/