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A report released Friday by the U.S. Energy Information Administration shows the capacity of solar installations grew by more than 32 percent nationwide last year.
A higher-than-expected build of 7.8 million barrels for the week ending on Jan. 29 pushed inventories to 502.7 million barrels.
On a percentage basis the largest gains are expected to come in solar energy, which is anticipated to grow 28 percent.
Oil and gas drillers across the United States have struggled under collapsing commodity prices, driven in part by a boom in domestic shale drilling that has transformed the industry.
Nationally, this year’s winter weather is expected to be about 15 percent warmer than a relatively warm winter in 2014-15.
West Texas Intermediate oil for delivery in February rose by 19 cents or 0.6 percent to $30.63 per barrel in early trading.
But GasBuddy also warned that some states are considering implementing fuel tax hikes this year.
Worries about the extra crude oil sent prices down $1.20 per barrel or 3.2 percent in early trading, leaving the benchmark U.S. price at $36.67 per barrel.
How the end of the export ban plays out will depend on how much oil the U.S. produces.
The U.S. Energy Information Administration said domestic oil tanks last week took in an additional 4.8 million barrels of crude, boosting inventories to 490.7 million barrels. That’s the largest amount of oil the nation has had in reserve since a record-setting supply bulge in April.