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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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The US’s largest heavy-duty electric truck microgrid is powered by… natural gas

Baua Electric

Southern California’s largest heavy-duty electric truck charging depot, powered by the US’s largest electric truck microgrid, is now online and fueled by natural gas. Performance Team will charge its fleet of Volvo VNR Electric trucks there – the e-trucks have a range of 240 miles and can charge up to 80% in 90 minutes.

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Solar to displace natural gas in the daytime + in summer on the Texas grid

Baua Electric

Solar is forecast to displace natural gas in the middle of the day and in the summer on the Texas grid, according to the US Energy Information Administration (EIA). Texas’s electricity mix of energy sources managed by the Electric Reliability Council of Texas (ERCOT) electricity grid operator changed noticeably in 2023.

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Santa Clara VTA partners with Proterra and Scale Microgrid Solutions to charge 34 electric buses with solar-powered microgrid

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In the event of an extended power outage, such as a public safety power shutoff, electricity stored in the microgrid’s battery storage system can provide back-up power at VTA’s Cerone bus yard to allow the agency to continue operating battery-electric buses, serving riders and providing emergency transport if needed.

Solar 374
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EIA expects a 2.4% increase in total US electricity consumption in 2022

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The US Energy Information Administration (EIA) expects US electricity consumption this year to increase 2.4% According to the agency’s August 2022 Short-Term Energy Outlook (STEO), growth in renewable energy will meet most of the increased electricity demand this year. EIA expects US residential electricity prices will be 6.1%

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

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EIA expects crude oil prices to decrease through 2023 and 2024, even as petroleum consumption increases, largely because growth in crude oil production in the United States and abroad will continue to increase over the next two years. EIA forecasts US gasoline prices to average around $3.30 per gallon in 2023 and $3.10

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EIA: natural gas-fired reciprocating engines are being deployed more to balance renewables

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Source: US Energy Information Administration, Preliminary Monthly Electric Generator Inventory, January 2019. Other includes landfill gas, biomass, and other gas. Based on data in EIA’s Preliminary Monthly Electric Generator Inventory, reciprocating engines accounted for 1% of the total natural gas-fired power fleet.

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