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Posted December 22, 2016Today in Energy

Natural gas expected to surpass coal in mix of fuel used for U.S. power generation in 2016 ›

For decades, coal has been the dominant energy source for generating electricity in the United States. EIA's Short-Term Energy Outlook (STEO) is now forecasting that 2016 will be the first year that natural gas-fired generation exceeds coal generation in the United States on an annual basis. More


Source: EIA, Monthly Energy Review, and Short-Term Energy Outlook (March 2016)

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Data Highlights

WTI crude oil futures price

12/21/2016: $52.49/barrels

up$1.45 from week earlier
up$16.35 from year earlier

Natural gas futures price

12/21/2016: $3.542/MMBtu

up$0.002 from week earlier
up$1.654 from year earlier

Weekly coal production

12/17/2016: 15.689 million tons

down0.129 million tons from week earlier
up0.911 million tons from year earlier

Natural gas inventories

12/16/2016: 3,597 Bcf

down209 Bcf from week earlier
down226 Bcf from year earlier

Crude oil inventories

12/16/2016: 485.4 million barrels

up2.3 million barrels from week earlier
up33.0 million barrels from year earlier

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