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Residential heating oil price increases slightly

The average retail price for home heating oil rose 4-tenths of a cent from last week to $3.49 per gallon. That's down 74 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $3.44 per gallon, up 1.3 cents from last week, but down 70.6 cents from a year ago.




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EIA's view on Domestic and International Energy Price Trends




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EIA expects two years of significant growth in solar electric generation in the United States

The U.S. Energy Information Administration (EIA) expects solar electric generation will account for 7% of total U.S. electricity generation in 2025, up from 4% in 2023, according to its January Short-Term Energy Outlook (STEO). Developers have reported that almost 80 gigawatts of solar power will come online over the next two years, increasing U.S. solar generating capacity by 84% and making solar the leading source of growth in U.S. electricity generation through 2025.




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EIA to initiate collection of data regarding electricity use by U.S. cryptocurrency miners

The U.S. Energy Information Administration (EIA) is initiating a provisional survey of electricity consumption information from identified cryptocurrency mining companies operating in the United States.




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EIA increased its U.S. natural gas consumption forecast for the first quarter of 2024

The U.S. Energy Information Administration (EIA) estimates that U.S. natural gas consumption reached a record high in January at 118 billion cubic feet per day (Bcf/d). A burst of cold weather increased demand for heating and reduced natural gas production, which led to high inventory withdrawals.




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EIA expects low natural gas prices to continue in 2024, slightly reducing production compared with 2023

The U.S. Energy Information Administration (EIA) expects the benchmark Henry Hub spot price to average about $2.25 per million British thermal units (MMBtu) in 2024, a 10% decrease from 2023 and a 65% decrease from 2022. In its March Short-Term Energy Outlook (STEO), EIA forecasts that U.S. natural gas inventories will be more than 30% higher than average at the end of the winter season following relatively low winter demand.




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EIA expects rising electricity demand and natural gas prices to affect electricity fuel mix for the rest of 2024

The U.S. Energy Information Administration (EIA) expects that the United States will generate more electricity from renewables and coal in the second half of this year, as electricity demand and natural gas prices increase.




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Resource Advisory: Tracking crude oil and natural gas production with EIA data

The U.S. Energy Information Administration (EIA) has several sets of data on the domestic production of crude oil and natural gas. Depending on your interests, the resources below can help you find the crude oil and natural gas data you need.




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Media Advisory: EIA leaders discuss Winter Fuels Outlook 2024–2025, which forecasts U.S. household winter heating costs

The U.S. Energy Information Administration (EIA) will host a webinar on Wednesday, October 9, to discuss price, consumption, and expenditure trends for major heating fuels for U.S. households for the upcoming winter. EIA’s Winter Fuels Outlook includes U.S. national and regional forecasts for electric heat, natural gas, heating oil, and propane. We will publish the Winter Fuels Outlook forecasts on Tuesday, October 8, as part of the Short-Term Energy Outlook.




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EIA expects average U.S. heating costs this winter to be consistent with last winter

The U.S. Energy Information Administration (EIA) expects most U.S. households, on average, will pay about the same to heat their homes as they did last winter. A notable exception is that EIA expects Midwestern homes heated by natural gas will pay about 11% more on average for heat than last winter.




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Share of natural gas production in U.S. tight oil plays increased over the last decade

Natural gas produced from the three largest tight oil-producing plays in the United States has increased in the last decade. Natural gas comprised 40% of total production from the Bakken, the Eagle Ford, and the Permian compared with 29% in 2014.




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U.S. fuel ethanol exports rise on strong international demand and low U.S. prices

U.S. fuel ethanol exporters are on track to export a record amount of the fuel in 2024. The increase in exports this year has largely been driven by demand in countries with biofuel blending mandates and cheaper-than-usual U.S. fuel ethanol prices.




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Drought conditions reduce hydropower generation, particularly in the Pacific Northwest

In our latest Short-Term Energy Outlook (STEO), we forecast that electricity generation from U.S. hydropower plants in 2024 will be 13% less than the 10-year average, the least amount of electricity generated from hydropower since 2001. Extreme and exceptional drought conditions have been affecting different parts of the United States, especially the Pacific Northwest, which is home to most U.S. hydropower capacity.




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Zynga CEO on its blockchain gaming division and navigating the advertising crisis

Beating the street and its own guidance, Zynga reported record third-quarter revenue of $705 million, up 40% from the same period last year and reaching its largest mobile audience ever of 183 million monthly active users, up 120% year over year. Despite warning in the second quarter of a material impact from Apple’s privacy policy […]

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Daily Crunch: Take-Two Interactive will buy FarmVille creator Zynga for $12.7B

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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Tripledot snaps up $116M at a $1.4B valuation as casual mobile games become serious business

Casual mobile games have reached a fever pitch of interest with consumers, and so too with investors, who are rushing to back the biggest and most promising startups building these quick hits of engagement and diversion. In the latest development, a startup out of London called Tripledot — the company behind a popular Solitaire app, […]

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Match names Zynga President Bernard Kim as CEO, replacing Shar Dubey

Dating app giant Match is getting a new CEO. Just over two years after assuming the top exec position, Match CEO and 16-year employee Shar Dubey is stepping down. The company announced today, alongside its first-quarter earnings, Shar Dubey will resign as an officer of Match Group but will remain on the company’s board and […]

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Director Morgan Neville is steering clear of generative AI after ‘Roadrunner’ backlash

One of the most attention-grabbing aspects of “Roadrunner,” the Morgan Neville-directed documentary about Anthony Bourdain, was Neville’s use of generative AI to replicate Bourdain’s voice. Looking back now, Neville told Wired that he saw this as a “fun” way to “keep [Bourdain’s] voice going in the film.” But his approach drew intense criticism — while […]

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Former OpenAI CTO Mira Murati is reportedly fundraising for a new AI startup

Mira Murati, the OpenAI CTO who announced her departure last month, is raising VC funding for a new AI startup, according to Reuters. This startup will reportedly focus on building AI products based on proprietary models and could raise more than $100 million in this round. When she left, Murati wrote on X that OpenAI […]

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Lyft is working on a ‘service animal opt-in feature’ for passengers

Uber and Lyft need to do more to support disabled passengers, especially those who are blind or visually impaired, according to protesters who gathered outside the companies’ headquarters on October 15. Wired spoke to protesters who shared stories about drivers passing them by or refusing to let them bring their guide dogs on a ride. […]

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Perplexity is reportedly looking to fundraise at an $8B valuation

AI search engine Perplexity is in fundraising talks and hopes to raise around $500 million at an $8 billion valuation, according to The Wall Street Journal. If a deal happens with those terms, it would more than double Perplexity’s valuation from its $3 billion valuation when it raised from SoftBank over the summer. The WSJ […]

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Apple wins $250 from Masimo in watch patent trial

A federal jury ruled Friday that Masimo smartwatches infringed Apple patents, but Apple isn’t getting a big payday. Bloomberg Law reports that the company was only seeking the statutory minimum of $250, and that’s all it was awarded. Apple’s attorney John Desmarais reportedly told jurors, “We’re not here for the money.” Instead, he said the […]

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OpenAI’s Whisper transcription tool has hallucination issues, researchers say

Software engineers, developers, and academic researchers have serious concerns about transcriptions from OpenAI’s Whisper, according to a report in the Associated Press. While there’s been no shortage of discussion around generative AI’s tendency to hallucinate — basically, to make stuff up — it’s a bit surprising that this is an issue in transcription, where you’d […]

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Here are the 5 Startup Battlefield finalists at TechCrunch Disrupt 2024

The time has finally come to announce the five finalists of the Startup Battlefield. It all started earlier this year when the TechCrunch editorial team selected 200 companies from thousands that applied. From there, the team then chose the 20 finalists who pitched this week onstage at TechCrunch Disrupt 2024 to investor judges and packed […]

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Betaworks focuses on AI applications in its latest Camp

For its most recent Camp, VC and accelerator Betaworks was on the lookout for startups building native applications made possible by AI. The program was first announced in May. To explain this focus, managing partner John Borthwick wrote at the time that while things like AI chatbots and writing assistants exist, “we aren’t yet living […]

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And the winner of Startup Battlefield at Disrupt 2024 is: Salva Health

Over the last three days, 20 startups participated in the incredibly competitive Startup Battlefield at TechCrunch Disrupt. These 20 companies were selected as the best of the Startup Battlefield 200 and competed for a chance to take home the Startup Battlefield Cup and $100,000. After three days of intense pitching, we have a winner. The […]

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iPhones might be harder for police to unlock, thanks to new reboot feature

New code introduced in the latest version of Apple’s mobile operating system could make it more difficult for both police and thieves to unlock iPhones. 404 Media reported Thursday that law enforcement officials were warning each other that phones being stored for forensic examination seemed to be rebooting themselves — something that security experts confirmed […]

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OpenAI reportedly developing new strategies to deal with AI improvement slowdown

OpenAI’s next flagship model might not represent as big a leap forward as its predecessors, according to a new report in The Information. Employees who tested the new model, code-named Orion, reportedly found that even though its performance exceeds OpenAI’s existing models, there was less improvement than they’d seen in the jump from GPT-3 to […]

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FTX bankruptcy estate sues Anthony Scaramucci, FWD.us, others

Bankrupt cryptocurrency company FTX filed 23 lawsuits Friday against Anthony Scaramucci (pictured above), his hedge fund SkyBridge Capital, and other organizations, including Crypto.com and the Mark Zuckerberg-backed lobbying group Fwd.us. These lawsuits are an attempt to claw back money for FTX’s creditors following the company’s collapse. FTX claims that the money targeted in these suits […]

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Neuro-ID takes in fresh capital to combat fraud from all of our taps, types and swipes

The company captures real-time customer behavior so companies can see who is genuine, and who is fraudulent, and identify the root cause of customer friction.

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NFT kingpin OpenSea lands monster $13.3B valuation in new raise

The NFT auction marketplace OpenSea had a blockbuster 2021 and as a result is seeing its private valuation grow more quickly than almost any other startup. The crypto firm announced late Tuesday that it closed a $300 million Series C round led by Paradigm and Coatue. The raise valued the startup at a massive $13.3 […]

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Apple enters the BNPL market as regulation, competition intensify

How will all of these BNPL-focused providers fare with Apple pounding its way into their market?

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Livestream platform Mandolin adds custom artist pages and a fan data analytics hub

Mandolin, the digital fan engagement platform, launched two new products today with the aim of assisting artists with turning fans into superfans and maximizing revenue. Fan Navigator helps artists collect fan data and teaches them how to engage fans with digital experiences. Mandolin’s Fan Pages also drive fan engagement with a page for the artist […]

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Square’s new AI features include a website and restaurant menu generator

Square, the financial services platform, is embracing generative AI in a very visible way. After announcing earlier this year that it would bring AI features to drive retail sales, Square this morning took the wraps off of new 10 — count ’em, 10 — generative AI capabilities focused on customer content creation, onboarding and setup. […]

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Application deadline extended for the Startup Battlefield 200

Here’s an exciting reprieve for time-strapped or procrastination-prone early-stage startup founders. We’re extending the application deadline for the Startup Battlefield 200! Take your shot at joining this elite group for a new and awesome opportunity at TechCrunch Disrupt. It’s positively packed with perks and possibilities. Don’t delay: Apply to the Startup Battlefield 200 by August […]

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Volunteer at TechCrunch Disrupt and attend all three days for free

It takes a veritable army to make TechCrunch Disrupt — which takes place October 18–20 in San Francisco — the well-oiled experience that savvy startuppers have come to know and love. And we couldn’t do it nearly as well without our incredible volunteers. If you’re looking for a no-budget way to experience Disrupt up close […]

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Beat tomorrow’s deadline and apply to the Startup Battlefield 200

Building a successful startup requires an enormous amount of talent, hard work, money and, frankly, a bit of luck. Translation: You need to grab hold of every opportunity you can to make it happen. Well, heads up, early-stage founders. Your opportunity to join our inaugural cohort — the Startup Battlefield 200 — ends tomorrow. Don’t […]

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Your shot to join the TC Disrupt Startup Battlefield 200 ends today

Time is running out on one of the biggest opportunities in Disrupt history. We stop accepting applications to the Startup Battlefield 200 tonight, August 5, at precisely 11:59 p.m. PDT. No more deadline extensions, no last-minute exceptions. Nada. Zip. Zilch. Lollygagger alert: Drop what you’re doing and go apply to the Startup Battlefield 200 right […]

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From pickup basketball to market domination: My wild ride with Coupang

Coupang early investor Ben Sun shares an inside look into the growth of the Korean e-commerce giant and explains how founder Bom Kim led a pivot when the company was already an established business.

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Wonder Brands picks up $20M, aims to build marketplace of Latin American e-commerce brands

E-commerce roll-up companies are big in the United States, and Wonder Brands wants to be that for Latin America.

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Turkey’s instant grocery giant Getir grabs UK’s Weezy in latest delivery consolidation

Well that was quick. U.K.-based hyper fast grocery delivery startup Weezy — which only raised a pre-seed for its 15-minute delivery services of supermarket fare last year (after founding the biz in 2019) — has been bagged by Turkish 10-minute delivery app Getir. It’s the latest slice of consolidation to hit Europe’s hyper competitive on-demand […]

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Ravio is bringing real-time data to the talent fight

UK-based Ravio reckons real-time data is the best way to arm businesses to win the global talent war. Its new-to-market compensation benchmarking tool lets users see how the compensation (wages and benefits) they offer their own staff compares to the market by pooling data across its employer customers (data is anonymized at the platform level) […]

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SumUp’s valuation falls as low as $4.1B, as Groupon and others sell off their stakes

Adyen lost $13 billion in market cap last month when investors scrambled to sell shares after the payments company missed quarterly revenue targets. But it’s not the only one facing the music in fintech. Shares in SumUp, a privately-held European payment technology business that focuses on point-of-sale transactions, are currently being sold in inside sales […]

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New international standards for audit reports are game-changing - 20 Jan

After three years in development, the International Auditing and Assurance Standards Board (IAASB) has released a set of standards that are game-changing for shareholders and the profession, says PwC.




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Australian CEOs getting on with business, despite threats to growth - 20 Jan

CEOs are more optimistic about growth than international counterparts, despite concerns about over-regulation and the Government's response to Australia's fiscal deficit, according to a PwC report launched today.




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Australian privatisations to headline global power deals in 2015 - 30 Jan

The sale of New South Wales' and Queensland's utility assets will be among the most eagerly anticipated power deals globally in 2015, according to a PwC report released today.




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Australian National Committee for UN Women welcomes partnership with PwC Australia - 17 Feb

PwC Australia is delighted to announce a partnership with The Australian National Committee for UN Women in a joint effort to promote gender equality.




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Japanese corporations must look to ASEAN for growth - 21 Apr

The key to Japan's economic future lies in growing it's engagement with the countries on its doorstep, according to a PwC report released today.




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Demand for Stem Skills Will Generate The Next Wave of Growth - 30 Apr

While technology and innovation are transforming our economy, they are also the solution to our workforce and growth challenge.




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Credit growth hits post GFC-high, but margins at all-time low - 7 May

Australia’s four major banks delivered combined underlying cash earnings of $15.5 billion for the first-half to March 2015.