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Household Heating Costs are Expected to be Lower than Previous Two Winters

October 6, 2015 by U.S. EIA: Today in Energy

Heating Costs

Most U.S. households can expect lower heating expenditures this winter (October through March) compared with the past two winters. In most regions, the decline in expenditures is attributed to the combination of warmer weather and lower fuel prices.[read more]

Household Spending on Gasoline and Public Transit Varies by Region, Income

April 19, 2015 by U.S. EIA: Today in Energy

Houshold Spending on Transit and Fuel

Households in different regions of the United States have similar average combined spending on gasoline and public transit, but the composition of that spending varies significantly across regions. In 2013 the average household spent $3,148 annually on gasoline and public transit.[read more]

Beginning of the End? Oil Companies Cut Back on Spending

February 26, 2014 by Gail Tverberg

Oil Company Spending

Steve Kopits recently gave a presentation explaining our current predicament: the cost of oil extraction has been rising rapidly (10.9% per year) but oil prices have been flat. Major oil companies are finding their profits squeezed, and have recently announced plans to sell off part of their assets.[read more]