We forecast that the natural gas consumed for electricity generation this summer in the United States will reach near the record set last year. Despite a 3% increase in overall U.S. electricity generation this summer, we do not expect natural gas consumption for electricity generation to grow. Growth in electricity generation will be largely driven by increased renewable energy production. In our May 2024 Short-Term Energy Outlook (STEO), we forecast natural gas consumed to generate electricity will average 44.7 billion cubic feet per day (Bcf/d) in the United States during the peak summer months of June through August, matching the record high set in the summer of 2023. More ›
Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), May 2024
5/30/2024: NA/barrel
NA from week earlier
NA from year earlier
5/30/2024: NA/MMBtu
NA from week earlier
NA from year earlier
5/25/2024: 8.407 million tons
down0.047 million tons from week earlier
down2.411 million tons from year earlier
5/24/2024: 2,795 Bcf
up84 Bcf from week earlier
up380 Bcf from year earlier
5/24/2024: 454.7 million barrels
down4.2 million barrels from week earlier
down5.0 million barrels from year earlier