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Awash in oil, U.S. and Utah set a new course
Petroleum » Rise in production, drop in demand is altering the energy equation in U.S. and Utah.

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These and other moves are gradually helping cut energy imports, according to the EIA’s report. The net import share of total U.S. energy consumption is estimated at 9 percent by 2040, compared with 19 percent in 2011 and 29 percent in 2007.

Other key findings in the report:

At a glance

Utah crude

Monthly production » Has grown by 44 percent since January 2010

Barrels per day » 59,000 barrels in 2010 to 69,00 barrels in 2011, now 85,000 barrels

U.S. » Nearly 6.5 million barrels per day, the highest level since 1998

Source: Energy Information Administration

Gas prices in Utah

Week ending 1/04/13 » $2.96

Week ago » $3.07

Month ago » $3.48

Year ago » $2.95

Record high » $4.22 (July 18, 2008)

National averages

Week ending 1/04/13 » $3.30

Week ago » $3.28

Month ago » $3.38

Year ago » $3.29

Record high » $4.11 ( July 17, 2008)

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Crude oil • U.S. production, particularly from tight, complex oil operations, is expected to rise sharply over the next decade, with an annual growth averaging 234,000 barrels per day through 2019.

Gasoline • U.S. consumption is expected to be lower in 2013, reflecting the introduction of more stringent average fuel economy standards for autos and increased use of natural gas in heavy-duty vehicles.

Renewable fuel • The share of electricity generation from renewables is expected to grow from 13 percent in 2011 to 16 percent in 2040.

Carbon dioxide • Emissions are expected to remain more than 5 percent below their 2005 levels through 2040, with improved efficiency and a shift away from the most carbon-intensive fuels.



Find low-priced gasoline

Go to UtahGasPrices.com or SaltLakeGasPrices.com

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