Three Oil, Natural Gas, and Electricity Trends
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New Delhi, Sept. 24 -- As a new season is now upon us, Fall is just like Spring: they both retain shoulder months where energy demand is lower than cold Winter and hot Summer.
Here are just a few points on U.S. energy use patterns by month that have key price impacts.
The statistics are for 2017 and 2018 and come from EIA's Monthly Energy Review, August 2019.Gasoline accounts for nearly 50% of our oil demand and 15-17% of our total energy usage.With the summer peak driving season behind us, oil bears are banking on fading demand in the coming colder months.
Yet, the seasonal difference might not be as high as expected.
Q4 gasoline demand is only about 4-6% lower than the three summer months. The warmer West and South hold nearly 65% o...
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