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This publication provides industry data on electric power, including generating capability, generation, fuel consumption, cost of fuels, and retail sales and revenue.
Energy supplies and prices are major economic factors in the U.S., and energy markets are volatile and unpredictable. This report presents a current and historical view of the supply and consumption of various forms of energy. Contents of this report: (1) Introduction; (2) Oil: Petroleum Consumption, Supply, and Imports; Petroleum and Transportation: The 2004-2008 Bubble and Back Up Again; Gasoline Taxes; (3) Electricity; (4) Natural Gas; (5) Coal; (6) Renewables; (7) Conservation and Energy Efficiency: Vehicle Fuel Economy; Energy Consumption and GDP; (8) Major Statistical Resources. Charts and tables. This is a print on demand edition of an important, hard-to-find report.
This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.