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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). EIA also published its annual Summer Electricity Industry Outlook , which forecasts that continued US economic growth will increase electricity use by 0.4%

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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

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The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. EIA forecasts that the European benchmark Brent crude oil price will average less than $80 per barrel in 2024, more than 20% lower than in 2022. per gallon in 2023 and $3.10

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Gas prices due to drop in 2024, as EVs plug into cleaner energy

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The cost of gasoline and the carbon footprint of EVs could both fall in the new year. Energy Information Administration (EIA) expects combined electricity generation from solar and wind to exceed coal for the first time in 2024.

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EIA expects 7% increase in US energy-sector CO2 emissions as economic activity increases during 2021

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Increased economic activity and a changing fuel mix in the electric power sector in 2021 will lead to a significant increase in energy-related carbon dioxide emissions this year, according to the US Energy Information Administration’s (EIA) August Short-Term Energy Outlook (STEO). Gasoline prices averaged $3.14

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Tsinghua/Argonne Study Finds That Mass Use of EVs in China Could Result in Higher CO2 and Criteria Pollutant Emissions Than Conventional and Hybrid Gasoline Vehicles Due to Coal-Fired Generation of Electricity

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Fuel-cycle SO 2 emissions of EVs compared to those of gasoline ICEVs and HEVs in China, current (left) and future (right). The study examined the fuel-cycle CO 2 , SO 2 , and NO x emissions of EVs in China in both current (2008) and future (2030) periods and compared them with those of conventional gasoline vehicles and gasoline hybrids.

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EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel. That price increase paired with an increase in gasoline and diesel demand will likely increase the cost of regular gasoline and diesel fuel this summer. gal last summer.

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EIA STEO projects higher US crude production, increases in travel and gasoline demand

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For summer 2017, EIA forecasts motor gasoline consumption to average 9.5 EIA expects that domestic refinery production, including gasoline blendstock output, will be about 20,000 b/d lower this summer than last summer. of total gasoline consumption. For all of 2017, the forecast average price for regular gasoline is $2.39/gal,

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