SAFE’s Energy Security Fact Pack gives readers a data-driven overview of the latest trends in energy security, including domestic and global oil production and consumption, oil market dynamics and prices, and up-to-date information on fuel efficiency and alternative fuel vehicles.
This edition of the Energy Security Fact Pack investigates several developing trends in domestic and international oil markets, such as falling oil prices, alternative fuel vehicle sales, and global supply and demand fundamentals. This edition also includes new analysis of oil and gas production on U.S. federal lands, including offshore development, and the associated economic indicators, such as rig count and federal royalties.
In addition to updates on the state of the global oil market, the Fact Pack contains a host of new data on electric vehicle market penetration and sales, refueling infrastructure, and broader trends in overall fuel economy.
Brent crude dropped from $115 per barrel (bbl) in June to $95/bbl at the end of September. This rapid decline was accompanied by the return of volatility to the market, after an extended period of relative calm. Household expenditures remained above $400 billion (annualized) in Q3 but declined slightly, thanks in part to the sliding price of gasoline, which has followed oil’s rapid drop in price over the same period.
Plug-in electric vehicle sales hit approximately 33,000 in Q3, an increase of about 6,000 year-over-year. Though the Nissan LEAF remains the top seller, the Chevy Volt reclaimed the second place spot, passing Toyota’s Plug-In Prius this quarter.
Download the complete Fact Pack for a complete visual breakdown of these trends and much more, and join the conversation by following @securing_energy and using the hashtag #SAFEenergyfacts.