Natural gas prices are the highest in the residential sector. In 2023, U.S. households paid an all time high average of 15.2 U.S. dollars per 1,000 cubic feet. Commercial natural gas costs were second-highest, while prices in the electric power sector were the lowest, at around four U.S. dollars on average. Prices for the industrial and electric power customers tend to be close to the wholesale electricity price. All sectors saw a year-on-year increase in natural gas prices in 2022 due to the decline in U.S. natural gas production in the first quarter of 2022, which resulted in high withdrawals of natural gas from storage and an increase in average natural gas prices. The growing natural gas market In recent years, the average natural gas prices for all sectors have been increasing in the United States. In 2022, the residential sector witnessed an increase in natural gas prices higher than 2008, while natural gas prices for other sectors were still lower despite increases in average natural gas prices for those sectors. Meanwhile, consumption of natural gas has increased more than any other fuel type following the 2008 Recession. Petroleum consumption has been more variable, and use of coal has significantly decreased. The price of coal and crude oil had already been increasing since the early 2000s, and was further exacerbated by the financial crisis. Around the same time, the cost of natural gas dropped significantly, making it a more viable economic alternative compared to other fossil fuels. This decrease was in part the result of drastically increased production of shale gas as a result of hydraulic fracturing and other techniques.
Gasoline prices in the United States have experienced significant fluctuations over the past three decades, with 2024 seeing an average price of 3.3 U.S. dollars per gallon. This marks a notable decrease from the record high of 3.95 U.S. dollars per gallon in 2022, yet remains considerably higher than prices seen in the early 2000s. Despite this, American consumers continue to enjoy relatively low gasoline prices compared to many other countries, with some European countries paying more than double the U.S. average. Drivers in Hawaii and California pay the most at the pump Gasoline prices vary significantly across the United States, with Hawaii and California consistently ranking as the most expensive states for this fuel. As of January 1, 2025, Hawaii's average price for regular gasoline was 4.54 U.S. dollars per gallon, nearly 1.5 dollars above the national average. California's high prices are largely attributed to its steep gasoline taxes, which reached 68.1 U.S. cents per gallon in January 2024. These taxes play a crucial role in shaping retail prices and are typically reinvested in road infrastructure, demonstrating the direct link between fuel costs and transportation development. Patterns in gasoline consumption In a global context, the United States maintains some of the lowest conventional motor fuel prices among high-income countries. This is largely due to its position as the world's largest crude oil producer, allowing it to keep retail prices comparatively low. Despite fluctuations in price, gasoline consumption in the U.S. remains robust, averaging around 8.5 million barrels per day in 2024. Consumption tends to be highest in the summer months and lowest in the winter months due to changing driving behavior.
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Graph and download economic data for Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in U.S. City Average (APU000074714) from Jan 1976 to Feb 2025 about energy, gas, retail, price, and USA.
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Natural Gas: Average Commercial Price: Kentucky data was reported at 8.720 USD/1000 Cub ft in Dec 2024. This records a decrease from the previous number of 10.370 USD/1000 Cub ft for Nov 2024. Natural Gas: Average Commercial Price: Kentucky data is updated monthly, averaging 8.660 USD/1000 Cub ft from Jan 1989 (Median) to Dec 2024, with 432 observations. The data reached an all-time high of 19.370 USD/1000 Cub ft in Aug 2008 and a record low of 3.970 USD/1000 Cub ft in Jun 1993. Natural Gas: Average Commercial Price: Kentucky data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P012: Natural Gas Prices.
For an annual consumption of less than 100,000 gigajoule, the industry prices for natural gas peaked in 2012 at 4.09 euro cents per kilowatt hour, but decreased again in the following years, reaching 3.08 euro cents per kilowatt hour in 2020. Since Italy relied on gas imports for over 90 percent of its demand, the industry price of gas was mostly dependent on the wholesale price rather than the domestic market.
Russia: the main supplier
Italy’s energy demand strongly depended on gas: in 2018, natural gas accounted for nearly 60 percent of the total amount of energy consumed in the country. Providing more than 32 billion cubic meters in 2018, Russia was the main gas supplier for Italy. Russian gas was the cheapest to import: gas came to Italy via the Tarvisio pipeline, one of the five pipeline entry points in the country. Placed at the center of the gas supply network linking Europe, North Africa, Russia, and the Caucasus, Italy was in a strategically crucial position for the gas supply in Europe.
Domestic production
In 2018, the domestic production amounted to 3.4 billion cubic meters, about a tenth of the volume imported from Gazprom. Italy’s natural gas reserves, which concentrate mostly in the Po Valley, Ionian Sea, and Adriatic Sea, are underutilized. In fact, the country emitted an 18-month ban on new oil and gas exploratory permits in January 2019. This was part of the government’s efforts to promote renewable energy sources over fossil fuels, although extraction permits were not affected by the ban.
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Natural Gas: Average Commercial Price: Ohio data was reported at 7.370 USD/1000 Cub ft in Dec 2024. This records a decrease from the previous number of 7.820 USD/1000 Cub ft for Nov 2024. Natural Gas: Average Commercial Price: Ohio data is updated monthly, averaging 6.915 USD/1000 Cub ft from Jan 1989 (Median) to Dec 2024, with 430 observations. The data reached an all-time high of 16.610 USD/1000 Cub ft in Jul 2008 and a record low of 4.050 USD/1000 Cub ft in Mar 1990. Natural Gas: Average Commercial Price: Ohio data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P012: Natural Gas Prices.
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Natural Gas: Average Commercial Price: Wisconsin data was reported at 8.320 USD/1000 Cub ft in Dec 2024. This records an increase from the previous number of 7.570 USD/1000 Cub ft for Nov 2024. Natural Gas: Average Commercial Price: Wisconsin data is updated monthly, averaging 6.500 USD/1000 Cub ft from Jan 1989 (Median) to Dec 2024, with 432 observations. The data reached an all-time high of 14.630 USD/1000 Cub ft in Jul 2008 and a record low of 3.560 USD/1000 Cub ft in Sep 1995. Natural Gas: Average Commercial Price: Wisconsin data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P012: Natural Gas Prices.
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.
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Graph and download economic data for US Regular All Formulations Gas Price (GASREGW) from 1990-08-20 to 2025-03-24 about gas, commodities, and USA.
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Gasoline increased 0.22 USD/GAL or 10.89% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline - values, historical data, forecasts and news - updated on March of 2025.
Natural gas prices for non-residential customers peaked in France during the global energy crisis in 2022. For an annual consumption of less than 100,000 gigajoules, the price stood at 6.84 euro cents per kilowatt-hour that year. Meanwhile, natural gas price for non-household users with an annual consumption between 100,000 and one million gigajoules stood at 6.65 euro cents per kilowatt-hour.
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Natural Gas: Average Commercial Price: Connecticut data was reported at 9.360 USD/1000 Cub ft in Dec 2024. This records a decrease from the previous number of 9.990 USD/1000 Cub ft for Nov 2024. Natural Gas: Average Commercial Price: Connecticut data is updated monthly, averaging 8.745 USD/1000 Cub ft from Jan 1989 (Median) to Dec 2024, with 432 observations. The data reached an all-time high of 18.130 USD/1000 Cub ft in Jul 2008 and a record low of 3.970 USD/1000 Cub ft in Aug 2000. Natural Gas: Average Commercial Price: Connecticut data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P012: Natural Gas Prices.
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Natural Gas: Average Commercial Price: Vermont data was reported at 7.730 USD/1000 Cub ft in Dec 2024. This records an increase from the previous number of 6.550 USD/1000 Cub ft for Nov 2024. Natural Gas: Average Commercial Price: Vermont data is updated monthly, averaging 6.840 USD/1000 Cub ft from Jan 1989 (Median) to Dec 2024, with 432 observations. The data reached an all-time high of 16.140 USD/1000 Cub ft in Sep 2008 and a record low of 2.860 USD/1000 Cub ft in Aug 1994. Natural Gas: Average Commercial Price: Vermont data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P012: Natural Gas Prices.
Natural gas prices for households in the European Union are more expensive for those with a consumption of less than 200 gigajoules. In 2023, for households with such a level of annual consumption, the natural gas price amounted to an average 11.56 euro cents per kilowatt-hour, while for consumption levels higher than 200 gigajoules, figures stood at 10.6 euro cents per kilowatt-hour. At that time, Sweden was the country with the most expensive household gas prices in the EU, at more than ten euro cents per kilowatt-hour.
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Monthly Gas Price Index FY 2007-2008 as reported by the Colorado Oil & Gas Conservation Commission
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Natural Gas: Average Commercial Price: Indiana data was reported at 7.610 USD/1000 Cub ft in Dec 2024. This records a decrease from the previous number of 8.150 USD/1000 Cub ft for Nov 2024. Natural Gas: Average Commercial Price: Indiana data is updated monthly, averaging 7.345 USD/1000 Cub ft from Jan 1989 (Median) to Dec 2024, with 432 observations. The data reached an all-time high of 17.220 USD/1000 Cub ft in Jun 2008 and a record low of 3.750 USD/1000 Cub ft in Nov 1995. Natural Gas: Average Commercial Price: Indiana data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P012: Natural Gas Prices.
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Natural Gas: Average Commercial Price: Massachusetts data was reported at 17.060 USD/1000 Cub ft in Dec 2024. This records an increase from the previous number of 14.100 USD/1000 Cub ft for Nov 2024. Natural Gas: Average Commercial Price: Massachusetts data is updated monthly, averaging 10.240 USD/1000 Cub ft from Jan 1989 (Median) to Dec 2024, with 429 observations. The data reached an all-time high of 19.120 USD/1000 Cub ft in Aug 2008 and a record low of 3.760 USD/1000 Cub ft in Jul 1992. Natural Gas: Average Commercial Price: Massachusetts data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P012: Natural Gas Prices.
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Gasoline Prices in Puerto Rico increased to 0.73 USD/Liter in February from 0.72 USD/Liter in January of 2025. This dataset provides the latest reported value for - Puerto Rico Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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Natural gas increased 0.21 USD/MMBtu or 5.84% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on March of 2025.
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Graph and download economic data for Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in Phoenix-Mesa-Scottsdale, AZ (CBSA) (APUS48A74714) from Jan 2018 to Feb 2025 about Phoenix, AZ, energy, gas, urban, retail, price, and USA.
Natural gas prices are the highest in the residential sector. In 2023, U.S. households paid an all time high average of 15.2 U.S. dollars per 1,000 cubic feet. Commercial natural gas costs were second-highest, while prices in the electric power sector were the lowest, at around four U.S. dollars on average. Prices for the industrial and electric power customers tend to be close to the wholesale electricity price. All sectors saw a year-on-year increase in natural gas prices in 2022 due to the decline in U.S. natural gas production in the first quarter of 2022, which resulted in high withdrawals of natural gas from storage and an increase in average natural gas prices. The growing natural gas market In recent years, the average natural gas prices for all sectors have been increasing in the United States. In 2022, the residential sector witnessed an increase in natural gas prices higher than 2008, while natural gas prices for other sectors were still lower despite increases in average natural gas prices for those sectors. Meanwhile, consumption of natural gas has increased more than any other fuel type following the 2008 Recession. Petroleum consumption has been more variable, and use of coal has significantly decreased. The price of coal and crude oil had already been increasing since the early 2000s, and was further exacerbated by the financial crisis. Around the same time, the cost of natural gas dropped significantly, making it a more viable economic alternative compared to other fossil fuels. This decrease was in part the result of drastically increased production of shale gas as a result of hydraulic fracturing and other techniques.