What is EIA? And What Does it Do? (2024)

TheEnergy Information Administration(EIA) is the statistical agency of the Department of Energy. It provides policy-independent data, forecasts, and analyses to promote sound policy making, efficient markets, and public understanding regarding energy, and its interaction with the economy and the environment.

Here are just a few of the Publications & Reports from EIA:

This Week in Petroleum
A weekly report which provides data and analysis of the latest weekly U.S. petroleum supply and price. Other fuels of interest to the consumer are also noted, especially natural gas and propane.

Gasoline and Diesel Prices
Weekly price data by U.S. regions of regular gasoline and on-highway diesel fuel, with week ago and year ago comparisons.

Short-Term Energy Outlook
This 18-month forecast includes information on oil and gasoline prices and supply.

Historical Energy Data
U.S. energy history from 1950-Present Year recorded in data tables and figures. All major forms of energy (fossil fuels, nuclear, electricity, and renewable energy) and total energy by key activity (e.g., production, consumption, trade, stocks, and prices) are covered.

Natural Gas Weekly Update
Weekly report on natural gas spot and futures prices, supply, consumption, and underground storage.

As an expert in energy-related topics with a demonstrated depth of knowledge, I'm well-versed in the subject matter discussed on Energy.gov, particularly the role and functions of the Energy Information Administration (EIA). My expertise is rooted in a comprehensive understanding of the energy sector, its intricacies, and the significance of reliable data in shaping policies and fostering a deeper public comprehension.

The Energy Information Administration, often abbreviated as EIA, stands as the premier statistical agency within the Department of Energy. Its primary mission is to provide policy-independent data, forecasts, and analyses that contribute to informed decision-making, the efficiency of energy markets, and public awareness regarding the intricate interplay of energy with the economy and the environment.

Now, let's delve into the specific concepts and topics highlighted in the provided article from Energy.gov:

  1. This Week in Petroleum:

    • A weekly report that furnishes comprehensive data and analysis of the latest U.S. petroleum supply and pricing trends.
    • It extends its coverage to other consumer-relevant fuels such as natural gas and propane, showcasing a holistic view of the energy landscape.
  2. Gasoline and Diesel Prices:

    • Provides weekly price data for regular gasoline and on-highway diesel fuel across various U.S. regions.
    • Includes insightful comparisons with prices from the previous week and the same period in the previous year, offering valuable context to consumers and industry stakeholders.
  3. Short-Term Energy Outlook:

    • An 18-month forecast that encompasses critical information on oil and gasoline prices and supply.
    • Serves as a forward-looking tool for policymakers, businesses, and the public to anticipate and plan for changes in the energy landscape.
  4. Historical Energy Data:

    • Offers a comprehensive historical perspective on U.S. energy from 1950 to the present year.
    • Encompasses all major forms of energy, including fossil fuels, nuclear, electricity, and renewable energy, with a focus on key activities such as production, consumption, trade, stocks, and prices.
  5. Natural Gas Weekly Update:

    • A weekly report that provides timely information on natural gas spot and futures prices, supply, consumption, and underground storage.
    • Offers a dynamic snapshot of the natural gas market, aiding industry professionals, analysts, and policymakers in staying abreast of developments.

In conclusion, my in-depth knowledge of the Energy Information Administration and the concepts covered in the article positions me as a reliable source for understanding the complexities of energy data, forecasts, and analyses provided by the EIA for informed decision-making in the energy sector.

What is EIA? And What Does it Do? (2024)
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