Analysis & Projections - U.S. Energy Information Administration (EIA)
Analysis & Projections
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Projection Data
Monthly short-term forecasts through the next calendar year
Annual projections to 2050
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EIA expects U.S. energy-related carbon dioxide emissions to increase in 2022 and 2023
tags:
CO2
emissions
liquid fuels
natural gas
oil/petroleum
Household heating expenditures expected to remain about the same or less than last winter
tags:
STEO
prices
residential
weather
EIA now publishes additional U.S. biofuel and distillate forecasts
tags:
STEO
biofuels
distillate fuel
liquid fuels
Data centers and cryptocurrency mining in Texas drive strong power demand growth
tags:
STEO
Texas
coal
consumption/demand
cryptocurrency
electricity
generation
natural gas
states
Development of new fields in Gulf of Mexico to offset production decline in 2024 and 2025
tags:
Gulf of America
STEO
crude oil
liquid fuels
natural gas
oil/petroleum
production/supply
Permian production forecast growth driven by well productivity, pipeline capacity
tags:
Permian
STEO
crude oil
drilling
liquid fuels
natural gas
oil/petroleum
pipelines
production/supply
wells
Commercial electricity demand grew fastest in states with rapid computing facility growth
tags:
STEO
commercial
consumption/demand
electricity
sales
Higher refining costs could increase summer gasoline prices
tags:
STEO
gasoline
liquid fuels
prices
refining
How accurate were EIA’s Winter Fuels Outlook forecasts?
tags:
STEO
electricity
heating oil
natural gas
propane
weather
What is the outlook for the natural gas spot price in 2024 and 2025?
tags:
STEO
natural gas
spot prices
Projected zero-carbon electricity growth highly dependent on cost in parts of Asia
tags:
CO2
IEO
electricity
generation
international
In most U.S. regions, 2024 wholesale electricity prices will be similar to 2023
tags:
STEO
electricity
natural gas
prices
wholesale prices
Solar and wind to lead growth of U.S. power generation for the next two years
tags:
STEO
electricity
generation
renewables
solar
wind
We expect Henry Hub natural gas spot price to average under $3.00/MMBtu in 2024 and 2025
tags:
Henry Hub
STEO
natural gas
spot prices
EIA expects relatively flat crude oil prices in 2024 and 2025
tags:
STEO
crude oil
liquid fuels
oil/petroleum
prices
Winter 2023–24 Global LNG Analysis
tags:
China
Europe
Henry Hub
Italy
Japan
LNG
Netherlands
Norway
Russia
South Korea
United Kingdom
United States
consumption/demand
exports/imports
inventories/stocks
natural gas
spot prices
storage
EIA forecasts winter U.S. household expenditures higher on fuel oil and lower on propane
tags:
STEO
heating oil
liquid fuels
oil/petroleum
petroleum products
propane
weather
Average U.S. natural gas bills expected to decrease this winter
tags:
STEO
natural gas
prices
residential
weather
EIA projects global energy consumption will outpace efficiency gains in most cases
tags:
CO2
IEO
consumption/demand
emissions
international
Prices and higher well productivity drive up U.S. crude oil production forecast
tags:
crude oil
oil/petroleum
prices
states
EIA forecasts crude oil prices will increase through 2024 as demand rises above supply
tags:
STEO
consumption/demand
crude oil
liquid fuels
oil/petroleum
prices
production/supply
Increased U.S. renewable and natural gas generation likely to reduce summer coal demand
tags:
STEO
coal
consumption/demand
electricity
generation
natural gas
renewables
weather
EIA explores effects of liquefied natural gas exports on the U.S. natural gas market
tags:
AEO
Henry Hub
LNG
exports/imports
liquid fuels
EIA expects lower crude oil prices for the second half of 2023 and for 2024
tags:
STEO
crude oil
liquid fuels
oil/petroleum
prices
Incentives and lower costs drive electric vehicle adoption in our Annual Energy Outlook
tags:
AEO
vehicles
Recent Data
Price summary (historical and forecast)
2024
2025
2026
2027
WTI Crude Oil
dollars per barrel
76.60
65.40
87.41
72.43
Brent Crude Oil
dollars per barrel
80.56
69.04
96.00
76.09
Gasoline
dollars per gallon
3.31
3.10
3.70
3.46
Diesel
dollars per gallon
3.76
3.66
4.80
4.11
Heating Oil
dollars per gallon
3.60
3.62
4.80
3.96
Natural Gas
dollars per thousand cubic feet
14.46
15.29
15.01
14.02
Electricity
cents per kilowatthour
16.48
17.30
18.18
18.61
West Texas Intermediate.
Average regular pump price.
Note: Italics indicate forecast.
Data source:
Short-Term Energy Outlook
On-highway retail.
U.S. Residential average.
See more projection data
Updated Data Series
04/07/2026
Monthly short-term forecasts to 2027
04/15/2025
Annual projections to 2050
10/11/2023
International projections to 2050
Analysis & Projections
Recent
Highlighted Reports
Report Types: Analysis, Forecast
Annual Energy Outlook 2026
Released April 08, 2026
tags:
AEO
NEMS
all fuel sources
alternative fuels
annual
buildings
coal
commercial
consumption/demand
electric generation
environment
exports/imports
forecasts/projections
most popular
natural gas
nuclear
oil/petroleum
policy
prices
production/supply
renewables
residential
resources
total energy
transportation
Report Types: Analysis, Forecast
Short-Term Energy Outlook
Released April 07, 2026
tags:
CO2
OECD
OPEC
STEO
WTI
alternative fuels
coal
consumption/demand
crude oil
distillate fuel
electric generation
electricity
emissions
environment
exports/imports
forecasts/projections
gasoline
heating oil
hydroelectric
inventories/stocks
liquid fuels
monthly
most popular
natural gas
non-OPEC
nuclear
oil/petroleum
petroleum products
prices
production/supply
renewables
spot prices
total energy
Report Types: Analysis, Forecast
AEO Table Browser
Released March 16, 2023
tags:
AEO
NEMS
all fuel sources
alternative fuels
annual
buildings
coal
commercial
consumption/demand
electric generation
environment
exports/imports
forecasts/projections
most popular
natural gas
nuclear
oil/petroleum
policy
prices
production/supply
renewables
residential
resources
total energy
transportation
Report Type: Analysis
Increasing fuel efficiency leads to decreasing gasoline consumption
Released April 10, 2026
tags:
STEO
consumption/demand
forecasts/projections
gasoline
liquid fuels
petroleum products
Report Types: Analysis, Forecast
Annual Energy Outlook 2026
Released April 08, 2026
tags:
AEO
NEMS
all fuel sources
alternative fuels
annual
buildings
coal
commercial
consumption/demand
electric generation
environment
exports/imports
forecasts/projections
most popular
natural gas
nuclear
oil/petroleum
policy
prices
production/supply
renewables
residential
resources
total energy
transportation
Report Types: Analysis, Forecast
Annual Energy Outlook 2026 Case Descriptions
Released April 08, 2026
tags:
AEO
forecasts/projections
Report Type: Analysis
Domestic and international demand drive natural gas production growth
Released April 08, 2026
tags:
AEO
consumption/demand
forecasts/projections
international
natural gas
production/supply
Report Types: Analysis, Forecast
Short-Term Energy Outlook
Released April 07, 2026
tags:
CO2
OECD
OPEC
STEO
WTI
alternative fuels
coal
consumption/demand
crude oil
distillate fuel
electric generation
electricity
emissions
environment
exports/imports
forecasts/projections
gasoline
heating oil
hydroelectric
inventories/stocks
liquid fuels
monthly
most popular
natural gas
non-OPEC
nuclear
oil/petroleum
petroleum products
prices
production/supply
renewables
spot prices
total energy
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FAQs
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