Energy Industry

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Price Developments

Annual

Date

Average Prices

WTI[1] US Regular All Formulations Gas Price[2] Henry Hub Natural Gas Spot Price[3]
Dollars per Barrel NSA Y/Y Dollars per Gallon NSA Y/Y Dollars per Million BTU NSA Y/Y
2023-01-01 78.03 -17.78 3.54 -10.30 2.54 -60.67
2022-01-01 94.90 39.29 3.95 31.37 6.45 65.54
2021-01-01 68.14 73.99 3.01 38.76 3.89 92.17
2020-01-01 39.16 -31.28 2.17 -16.76 2.03 -20.87
2019-01-01 56.99 -12.63 2.60 -4.22 2.56 -18.77
2018-01-01 65.23 28.40 2.72 12.59 3.15 5.51
2017-01-01 50.80 17.34 2.42 12.66 2.99 18.76
2016-01-01 43.29 -11.02 2.14 -11.77 2.52 -4.12
2015-01-01 48.66 -47.78 2.43 -27.65 2.62 -39.99
2014-01-01 93.17 -4.91 3.36 -4.20 4.37 17.19
2013-01-01 97.98 4.18 3.51 -3.14 3.73 35.46
2012-01-01 94.05 -0.87 3.62 2.76 2.75 -31.07
2011-01-01 94.88 19.38 3.52 26.58 4.00 -8.55
2010-01-01 79.48 28.29 2.78 18.23 4.37 10.83
2009-01-01 61.95 -37.85 2.35 -27.51 3.94 -55.51
2008-01-01 99.67 37.78 3.25 16.07 8.86 27.20
2007-01-01 72.34 9.52 2.80 8.71 6.97 3.51
2006-01-01 66.05 16.63 2.57 13.29 6.73 -22.50
2005-01-01 56.64 36.46 2.27 22.58 8.69 47.40
2004-01-01 41.51 33.57 1.85 18.65 5.89 7.71
2003-01-01 31.08 18.68 1.56 16.11 5.47 62.08
2002-01-01 26.18 0.78 1.35 -5.32 3.38 -14.74
2001-01-01 25.98 -14.47 1.42 -4.30 3.96 -8.17
2000-01-01 30.38 57.04 1.48 30.64 4.31 89.59
1999-01-01 19.34 34.13 1.14 10.31 2.27 8.89
1998-01-01 14.42 -30.02 1.03 -14.13 2.09 -16.12

Monthly

Date

Average Prices

WTI[1] US Regular All Formulations Gas Price[2] Henry Hub Natural Gas Spot Price[3]
Dollars per Barrel NSA M/M Y/Y Dollars per Gallon NSA M/M Y/Y Dollars per Million BTU NSA M/M Y/Y
2024-11-01 69.95 -2.83 -9.96 3.05 -2.68 -7.99
2024-10-01 71.99 2.49 -15.94 3.14 -2.40 -13.17
2024-09-01 70.24 -8.40 -21.46 3.21 -5.16 -16.21
2024-08-01 76.68 -6.26 -5.79 3.39 -2.73 -11.74 1.98 -4.56 -23.31
2024-07-01 81.80 2.54 7.53 3.48 0.84 -3.14 2.08 -17.98 -18.64
2024-06-01 79.77 -0.31 13.55 3.46 -4.11 -3.25 2.53 19.34 16.23
2024-05-01 80.02 -6.24 11.79 3.60 -0.22 1.35 2.12 32.60 -1.23
2024-04-01 85.35 5.01 7.43 3.61 5.40 0.22 1.60 7.11 -26.08
2024-03-01 81.28 5.22 10.92 3.43 6.66 0.12 1.49 -13.27 -35.25
2024-02-01 77.25 4.18 0.55 3.21 4.46 -5.22 1.72 -45.80 -27.68
2024-01-01 74.15 3.13 -5.08 3.08 -1.88 -7.91 3.18 25.89 -2.96
2023-12-01 71.90 -7.45 -5.94 3.13 -5.55 -2.37 2.52 -6.82 -54.37
2023-11-01 77.69 -9.28 -7.92 3.32 -8.16 -9.96 2.71 -9.18 -50.33
2023-10-01 85.64 -4.24 -2.18 3.61 -5.81 -5.29 2.98 13.08 -47.33
2023-09-01 89.43 9.88 6.14 3.84 -0.10 3.68 2.64 2.07 -66.54
2023-08-01 81.39 6.99 -13.11 3.84 6.76 -3.40 2.58 1.26 -70.67
2023-07-01 76.07 8.28 -25.14 3.60 0.73 -21.10 2.55 17.17 -64.98
2023-06-01 70.25 -1.86 -38.83 3.57 0.45 -27.55 2.18 1.41 -71.74
2023-05-01 71.58 -9.91 -34.66 3.56 -1.33 -20.00 2.15 -0.76 -73.64
2023-04-01 79.45 8.42 -21.94 3.60 5.29 -12.31 2.16 -6.18 -67.21
2023-03-01 73.28 -4.62 -32.46 3.42 0.97 -18.95 2.31 -3.15 -52.93
2023-02-01 76.83 -1.65 -16.16 3.39 1.50 -3.64 2.38 -27.27 -49.26
2023-01-01 78.12 2.20 -6.13 3.34 4.02 0.72 3.27 -40.81 -25.33
2022-12-01 76.44 -9.40 6.60 3.21 -12.89 -2.93 5.53 1.44 47.15

February 2023

  • Oil prices have come down significantly since the peak to around $76, below pre-war levels[4]. Prices increased in January 2023 from 75 to 77, a small increase.
  • Futures market pricing more prices decline in coming months.[5]
  • Gasoline prices decreased in February 2023. [6]
  • Natural gas prices have come down also below pre-war levels.[4]

March 2023

  • Oil prices were mainly flat during march, just a small decline registered, from 77.69 at the begining of march to 75.61 at the end. The prices had a low of $66 at mid march. [7]
  • Gasoline prices went from 3.457 to 3.533. Small increase of 2%.[8]
  • Natural Gas prices went from 2.81 to 2.10. A 25% decline in prices.
  • Despite the OPEC oil cuts, the future markets expect prices to decline to $76 at year end from current levels ($80.7).[9]

April 2023

  • Oil prices were mainly flat during march at around $75. The prices had a high of $73 at mid march. [10]
  • Gasoline prices went from 3.533 to 3.765. Small increase of 6%.[8]
  • Natural Gas prices went from 2.22 to 2.32. A 4.5% increase.[11]
  • The future markets continue to expect lower oil prices, now at $69.43 at year end. [12]

May 2023

  • Oil prices were very volatile during may, however it ended the month significantly lower than last month at about $68. [10]
  • Gasoline prices went from 3.711 to 3.684. Small decline of almost 1%.[8]
  • Natural Gas prices went from 2.32 to 2.26. Relatively flat during the month.[11]
  • The future markets continue to expect lower oil prices, now at $66.95 at year end. [12]

June 2023

  • Oil prices were slightly down -1.9 m/m, but were volatile in a range from $72 to $67[13][1]
  • Gasoline prices were basically unchanged at 0.5% m/m, but increased a bit in the middle of the month. [14][2]
  • Natural gas prices were up 1.4% , in a range from 2.16 to 2.80.[15][3]
  • Futures market is now pricing an increase in oil prices, at $72.32 at year end. [16]

July 2023

  • Oil prices went up on average a significant 8.3% m/m in July 2023, going from $69.80 to $81.80. Still -25.1% y/y/. [1]
  • Gasoline prices went up on average 0.7% m/m during July 2023, and a -21.1% y/y. [2]
  • Natural gas prices went up on average 17.2% m/m in July 2023, and -65% y/y. [3]
  • Futures market is now pricing an increase in oil prices, at $80.59 at year end.[16]

August 2023

  • Oil prices went up on average a significant 7% m/m in August 2023. Still a negative 13.1% y/y/. [1]
  • Gasoline prices went up on average 6.7% m/m during August 2023, and a -3.4% y/y. [2]
  • Natural gas prices went up on average 1.3% m/m in August 2023, and -70.7% y/y. [3]
  • Futures market is now pricing an increase in oil prices, at $86.01 at year end.[16]

September 2023

  • Oil prices went up on average a significant 9.9% m/m in september 2023. And it had a 6.1% increase over september 2022. [1]
  • Gasoline prices went down -0.1% m/m, but it up 3.7% y/y.. [2]
  • Natural gas prices went up on average 2% m/m in september 2023, and -66.6% y/y. [3]
  • Futures market is now pricing an increase in oil prices, at $83.74 at year end.[16]

October 2023

  • Oil prices declined on average 8.5% m/m in October 2023. And it had a 4% declined over october 2023. [1]
  • Gasoline prices went down -9.5% m/m, and -7.2y/y. [2]
  • Natural gas prices went up on average 13.1% m/m in september 2023, and -47.3% y/y. [3]
  • Futures market is now pricing an increase in oil prices, at $77.78 at 2023 year end, and $74 for 2024.[16]

November 2023

  • Oil prices declined on average 9.28% m/m in November 2023. And it had a 7.9% declined over october 2022. [1]
  • Gasoline prices went down -8.2% m/m, and -10 y/y. [2]
  • Natural gas prices went down on average 9.2 % m/m in september 2023, and -50.3 % y/y. [3]
  • Futures market is now pricing an increase in oil prices, at $70.67 for 2024.[16]

References