NatGas Continues to Crush All Other Forms of Fuel for Powergen

According to an analysis by Reuters, U.S. electricity generators consumed a record amount of natural gas in the first four months of the year as prices dropped to the lowest level in real terms for more than half a century. Ultra-low prices encouraged more power production from some of the least-efficient single-cycle gas and steam turbines at the expense of coal. From January through April 2024, natural gas was the #1 source of fuel used to generate electricity with 42% of all electricity generated coming from natgas. Coal was used to produce 15% of all electricity, meaning between the two fossil fuels, 57% of all electricity came from fossil fuels. Further meaning your EV runs on fossil fuels, not "batteries."

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