View weekly updates and historical trends for US Retail Gas Price. from United States. Source: Energy Information Administration. Track economic data with…

The average monthly price for natural gas in the United States amounted to *** nominal U.S. dollars per million British thermal units (Btu) in October 2025. By contrast, natural gas prices in Europe were about three times higher than those in the U.S. Prices in Europe tend to be notably higher than those in the U.S. as the latter benefits from being a major hydrocarbon producer. Europe's import reliance European prices for natural gas rose most notable throughout the second half of 2021 and much of 2022, peaking at over ** U.S. dollars per million Btu in August 2022. The sharp rise was due to supply chain issues and economic strain following the COVID-19 pandemic, which was further exacerbated by Russia’s invasion of Ukraine in early 2022. As a result of the war, many countries began looking for alternative sources, and Russian pipeline gas imports to the European Union declined as a result. Meanwhile, LNG was a great beneficiary, with LNG demand in Europe rising by more than ** percent between 2021 and 2024. How domestic natural gas production shapes prices As intimated, the United States’ position among the leaders of worldwide natural gas production is one of the main reasons for why prices for this commodity are so low across the country. In 2024, the U.S. produced more than ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

View weekly updates and historical trends for California Retail Gas Price. Source: Energy Information Administration. Track economic data with YCharts ana…

View monthly updates and historical trends for Massachusetts Retail Gas Price. Source: Energy Information Administration. Track economic data with YCharts…

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View weekly updates and historical trends for New York Retail Gas Price. Source: Energy Information Administration. Track economic data with YCharts analy…

Natural gas prices are the highest in the residential sector. In 2024, U.S. households paid 14.59 U.S. dollars per 1,000 cubic feet, down from an all-time high of over 15.2 U.S. dollars per 1,000 cubic feet. Overall, U.S. residential natural gas prices have increased nearly tenfold since 1975. Commercial natural gas costs were second-highest, while prices in the electric power sector were the lowest, at around three U.S. dollars on average. Prices for the industrial and electric power customers tend to be close to the wholesale electricity price. The growing natural gas market U.S. natural gas consumption has increased more than any other fuel after the U.S. oil boom of the 2010s. Petroleum consumption has been more variable, and use of coal has significantly decreased. Today, natural gas is used extensively for electric power generation, with it having overtaken coal as the primary electricity generating source. This is despite coal prices being a lot less volatile and generally lower than natural gas. Future of natural gas on the global stage Natural gas is also an important energy source worldwide. It has been the second-largest source of electricity generation since the 2000s and has slowly narrowed the gap to coal, the world's main power source. In 2024, natural gas-powered turbines the world over generated 6,890 terawatt-hours of electricity.

The global natural gas price index stood at 174.31 index points in September 2025. Natural gas prices decreased that month as cooling demand fell due to colder weather than expected. The global price index takes into account indices from Europe, Japan, and the United States – some of the largest natural gas trading markets. The U.S. is the leading natural gas exporter in the world. Means of trading natural gas Liquefied natural gas (LNG) is the most common form of trading natural gas. Although piped gas is often the preferred choice for transportation between neighboring producing and consuming countries, seaborne trade as LNG has grown in market volume. This is in part thanks to high consumption in pipeline-inaccessible areas such as Japan, Korea, and China, as well as the recent increase in LNG trade by European countries. Major natural gas price benchmarks The natural gas prices often used as global benchmarks are Europe’s Dutch TTF traded on the Intercontinental Exchange, Indonesian LNG in Japan, and the U.S. Henry Hub traded on the New York Mercantile Exchange. 2022 was an especially volatile year for natural gas prices, as supply was severely constrained following sanctions on Russian imports. Other reasons for recent spikes in gas prices are related to issues at refineries, changes in demand, and problems along seaborne supply routes.

Gasoline Prices in Germany increased to 2.03 USD/Liter in November from 2.02 USD/Liter in October of 2025. This dataset provides the latest reported value for - Germany Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

View weekly updates and historical trends for Chicago Retail Gas Price. Source: Energy Information Administration. Track economic data with YCharts analyt…

View monthly updates and historical trends for San Francisco Retail Gas Price. Source: Energy Information Administration. Track economic data with YCharts…

View monthly updates and historical trends for Texas Retail Gas Price. Source: Energy Information Administration. Track economic data with YCharts analyti…

Fuel dealers have exhibited revenue growth as sales have remained relatively stable and oil and natural gas prices have fluctuated favorably. The pandemic disrupted demand for fuel from commercial and industrial operations as they shuttered or operated at reduced capacity. Oil prices plummeted amid the suspension of most travel and revenue plunged in 2020. Oil consumption from consumers quarantined at home helped stave off more severe losses, but this boon was dampened as most states were getting warmer through the height of stay-at-home ordinances. The Russia-Ukraine war caused oil prices to surge since early in 2022, but revenue has begun to normalize as production catches up. Since 2023, crude oil prices have steadily dipped as supply and demand imbalances improve. Revenue for fuel dealers is expected to climb at a CAGR of 6.7% to $49.3 billion through the end of 2025, including growth of 0.9% in 2025 alone. The magnitude of this growth is amplified by the fact that revenue plummeted in 2020, causing revenue to begin the period below traditional levels. Rising fuel prices raise dealers' purchasing costs. The short-term inflexibility of demand for heating oil and propane allows dealers to pass most of these increases on to downstream customers through price hikes that also lift revenue. Dealers endure external competition from natural gas and electric heating companies, though, so prices are often under pressure to remain low enough to encourage oil-based heating. Fuel dealers can't pass on all their heightened costs and profit compresses when oil prices swell. Moving forward, volatility in oil prices will pressure fuel dealers. Sales of fuel will remain inflexible since all buildings fitted with propane and heating oil systems will continue to rely on dealers, but the industry is fighting to maintain its customer base as more and more buildings are refitted with natural gas heating units. Natural gas extraction has climbed, causing prices to drop after they exploded in 2022. Volatile crude prices will exacerbate this trend since consumers are incentivized to switch heating systems if input prices swell. Revenue is expected to slump at a CAGR of 0.1% to $49.0 billion through the end of 2030.

View weekly updates and historical trends for West Coast Retail Gas Price. Source: Energy Information Administration. Track economic data with YCharts ana…

Natural gas producers are facing turbulent times. Europe has traditionally relied on Russia and Norway as internal sources of natural gas, while countries such as the US, Qatar and Algeria are major sources of imports (although accounting for a much smaller share of overall consumption). Russia’s invasion of Ukraine has shaken up Europe’s natural gas supply structure, with European governments making efforts to reduce their dependence on Russian gas supplies. Revenue is forecast to swell at a compound annual rate of 16.2% to €113.9 billion over the five years through 2025. Revenue expanded in 2021 and 2022 as a sharp hike in natural gas prices and a post-pandemic rise in demand drove an increase in exploration and production activity. Russia’s invasion of Ukraine led to a spike in natural gas prices, with the impacts of reduced demand for gas and a decrease in Russian gas production outweighed by soaring wholesale prices and heightened demand for other natural gas reserves, spurring a jump in revenue. An ongoing reduction in demand for natural gas and easing prices caused revenue to dip in 2023 and 2024. In 2025, revenue is slated to bounce back by 53.3% owing to geopolitical uncertainties, including trade wars and fresh sanctions on Russia, buoying natural gas prices. Revenue is forecast to rise at a compound annual rate of 2.3% over the five years through 2030 to just under €128 billion. The gas market will continue to be shaped by geopolitical tensions into the medium term, with the International Energy Agency expecting natural gas prices to remain high until 2025 as countries continue to shift their supply structure. Following this, natural gas demand and prices are set to fall as Europe continues to expand its renewables capacity.

Petroleum refiners sell a variety of derivative products with wide usages across many different industries. Despite this strong level of diversification, refineries suffered greatly from global dips in demand for transport following the COVID-19 outbreak. Stay-at-home orders and closures of non-essential business in many European countries led to a sharp drop in demand for petrol, diesel and jet fuel as many car, ship and plane journeys came to a halt, causing industry revenue and profit to slump. Over the five years through 2025, European petroleum refineries’ revenue is anticipated to hike at a compound annual rate of 1.4% to €691.4 billion, including a projected swell of 5.8% in 2025. This is mostly the result of surging prices in 2022 and 2023 lifting industry revenue despite no significant increase in refining capacity or output. Russia’s invasion of Ukraine led to many European countries announcing they would wean themselves off Russian oil, causing a substantial and sustained rise in oil prices. These strong oil prices paved the way for a significant rebound in revenue for petroleum refiners. Despite this, oil price inflation has raised the operating costs for many downstream businesses, leading to many cutting consumption and switching to renewable sources of energy, as shown by the rising uptake of electric vehicles in countries like Norway, the Netherlands and the UK. The profitability of petroleum refineries is somewhat insulated by vertical integration with crude oil extractors, which adds stability to purchase costs. Passing on additional cost increases to their customers is another key way to maintain a healthy margin. Over the five years through 2030, petroleum refineries’ revenue is forecast to climb at a compound annual rate of 2% to reach €1,099.7 billion, supported by an uptick in European construction and manufacturing after being constrained for multiple years due to strong economic headwinds. Long-term revenue prospects are set to deteriorate as the push for decarbonisation in many economies will see petroleum-derived products being phased out in favour of low-carbon options.

View weekly updates and historical trends for Minnesota Retail Gas Price. Source: Energy Information Administration. Track economic data with YCharts anal…

According to Cognitive Market Research, the global Natural Gas Liquids market size was USD 17542.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.60% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 7016.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 5262.66 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4034.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 877.11 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 350.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
The ethane category is the fastest growing segment of the Natural Gas Liquids industry

Market Dynamics of Natural Gas Liquids Market

Key Drivers for Natural Gas Liquids Market

Increasing Petrochemical Industry to Boost Market Growth

The market for natural gas liquids (NGL) is mostly driven by the expanding petrochemical sector. Natural gas liquids (NGLs) like ethane, propane, and butane are vital raw materials for the synthesis of petrochemicals like ethylene and propylene, which are extensively utilized in the creation of synthetic materials, chemicals, and plastics. The need for NGLs is rising due to the petrochemical industry's explosive growth, particularly in North America and Asia. The utilization of NGLs in a variety of applications is growing as a result of growing industrialization and technological developments in chemical processing. The global need for consumer goods, packaging, and industrial materials is driving the petrochemical industry's growth, which in turn will fuel the NGL market's long-term growth.

The Surge in Shale Gas Production to Drive Market Growth

The market for natural gas liquids (NGL) is growing as a result of increased shale gas output. Production of NGLs, including ethane, propane, and butane, has expanded because of the spike in shale gas extraction, especially in North America, through horizontal drilling and hydraulic fracturing technology. These liquids are frequently left over after natural gas from shale formations is extracted. In order to fulfill growing global demand, the U.S. shale boom has improved export prospects and supported local NGL supplies. The supply of NGLs is directly increased by the ongoing expansion of shale gas production, which fosters the long-term growth of the NGL market by meeting the increasing demand from sectors such as transportation, energy, and petrochemicals.

Restraint Factor for the Natural Gas Liquids Market

Price Volatility for Crude Oil Will Limit Market Growth

The volatility of crude oil prices severely constrains

The natural gas liquids (NGL) market. Because NGLs are frequently extracted in conjunction with crude oil and natural gas, changes in oil prices have an immediate effect on how profitable it is to produce NGLs. Oil and gas companies may cut back on drilling when crude oil prices drop, which lowers the output of NGLs. Furthermore, a decline in oil prices may increase the appeal of alternative energy sources, which would lessen the market for NGLs. On the other hand, sudden spikes in oil prices can cause market instability and increase the operational expenses for NGL producers. It is difficult for NGL market participants to sustain consistent growth because of this price volatility, which also makes long-term planning more difficult and causes investor concern.

Impact of Covid-19 on the Natural Gas Liquids Market

The COVID-19 pandemic had a substantial effect on the natural gas liquids (NGL) market because it caused supply chain disruptions on a worldwide scale, decreased energy consumption, and a steep reduction in industrial activity. Lockdowns and limitations reduced the demand for NGLs, especially in the transportation and petrochemical sectors, which are big users of butane, propane, and ethane. The demand for NGLs as alternati...

Monthly average retail prices for gasoline and fuel oil for Canada, selected provincial cities, Whitehorse and Yellowknife. Prices are presented for the current month and previous four months. Includes fuel type and the price in cents per litre.

Petroleum refiners sell a variety of derivative products with wide usages across many different industries. Despite this strong level of diversification, refineries suffered greatly from global dips in demand for transport following the COVID-19 outbreak. Stay-at-home orders and closures of non-essential business in many European countries led to a sharp drop in demand for petrol, diesel and jet fuel as many car, ship and plane journeys came to a halt, causing industry revenue and profit to slump. Over the five years through 2025, European petroleum refineries’ revenue is anticipated to hike at a compound annual rate of 1.4% to €691.4 billion, including a projected swell of 5.8% in 2025. This is mostly the result of surging prices in 2022 and 2023 lifting industry revenue despite no significant increase in refining capacity or output. Russia’s invasion of Ukraine led to many European countries announcing they would wean themselves off Russian oil, causing a substantial and sustained rise in oil prices. These strong oil prices paved the way for a significant rebound in revenue for petroleum refiners. Despite this, oil price inflation has raised the operating costs for many downstream businesses, leading to many cutting consumption and switching to renewable sources of energy, as shown by the rising uptake of electric vehicles in countries like Norway, the Netherlands and the UK. The profitability of petroleum refineries is somewhat insulated by vertical integration with crude oil extractors, which adds stability to purchase costs. Passing on additional cost increases to their customers is another key way to maintain a healthy margin. Over the five years through 2030, petroleum refineries’ revenue is forecast to climb at a compound annual rate of 2% to reach €1,099.7 billion, supported by an uptick in European construction and manufacturing after being constrained for multiple years due to strong economic headwinds. Long-term revenue prospects are set to deteriorate as the push for decarbonisation in many economies will see petroleum-derived products being phased out in favour of low-carbon options.