The average monthly price for natural gas in the United States amounted to 3.02 nominal U.S. dollars per million British thermal units (Btu) in December 2024. By contrast, natural gas prices in Europe were about four times higher than those in the U.S. Prices for 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 70 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 60 percent between 2021 and 2023. 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 2023, the U.S. produced more than one trillion cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

The global natural gas price index stood at 232.28 index points in February 2025. Natural gas prices increased by seven index points that month. 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 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 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 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.

Procurement prices of natural gas in Spain have been on a mostly downward trend throughout the first half of 2023. Prior to this, natural gas procurement prices in the Mediterranean country experienced a great increase between 2021 and 2022. In the latter year, the average natural gas procurement price amounted to roughly 60 euros per megawatt-hours, peaking at 80.58 euros per megawatt-hours in September, and reaching a low of 42.91 euros per megawatt-hours in February. By contrast, Spain's average procurement price of natural gas in 2020 was around 13.71 euros per megawatt-hours.

Why are gas prices so high?

One main reason behind natural gas prices soaring in the last couple of years is the post-pandemic economic recovery. As coronavirus restrictions were lifted and many industrial and commercial sectors resumed activity simultaneously, there was a sudden demand for energy. This led to a global energy supply shortage, which was further aggravated by Russia’s invasion of Ukraine in February 2022.

The natural gas sector in Spain

Spain has a negligible production volume of natural gas that has been on a downward trend over the past years. Meanwhile, the import volume into the Mediterranean country has seen a mostly growing tendency. Spain’s main trading partner is the Algeria, which accounts for nearly 30 percent of the overall import volume. Altogether, natural gas constitutes an important source of energy in Spain, representing over 20 percent of the primary energy consumption, and coming only second to oil.

Learn about WTI natural gas prices and how they are influenced by factors such as supply and demand, weather conditions, geopolitical events, and economic indicators. Discover why understanding these factors is crucial for traders and investors in the natural gas market.

The average retail price for regular, unleaded gasoline at self-service stations in Canada was 157.7 Canadian cents per liter in February 2025. This was an increase compared to the previous month. Canada's gasoline prices are generally higher than those in the United States, but lower than in many European countries. Why do gasoline prices fluctuate? Crude oil prices, along with changing levels of consumer demand, are the two main factors which directly affect retail prices of motor fuels. Prices can witness a rapid increase or decrease depending on impacts on crude oil supplies, refinery operations, or pipeline deliveries. Even if crude prices remain steady, seasonal changes in demand can still affect retail prices. As a large oil producer, Canada's motor fuel prices are closely linked to its benchmark Western Canadian Select crude oil price. Canada's fuel station industry Motor fuel is primarily sold via nearly 12,000 retail gasoline stations spread across the country. In 2022, retail sales of gasoline stations in Canada reached a new peak of 82.78 billion Canadian dollars.

Gasoline Prices in Italy increased to 2.01 USD/Liter in February from 1.98 USD/Liter in January of 2025. This dataset provides the latest reported value for - Italy Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Gasoline Prices in Hong Kong increased to 3.43 USD/Liter in February from 3.40 USD/Liter in January of 2025. This dataset provides - Hong Kong Gasoline Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gas prices for every week since 2000, broken down by type, from the US Energy Information Administration (USEIA).

Gasoline Prices in Germany increased to 1.90 USD/Liter in February from 1.87 USD/Liter in January 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.

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.

Crude oil gas prices are determined by factors such as supply and demand dynamics, geopolitical events, weather conditions, and government policies. This article explores how these factors impact gas prices and why understanding them is important for businesses and investors.

Gasoline Prices in Jamaica remained unchanged at 0.98 USD/Liter in February. This dataset provides the latest reported value for - Jamaica Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Global price of Natural gas, EU (PNGASEUUSDM) from Jan 1990 to Feb 2025 about EU, gas, World, Europe, and price.

Gasoline Prices in Russia increased to 0.69 USD/Liter in February from 0.62 USD/Liter in January of 2025. This dataset provides the latest reported value for - Russia Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, the price of natural gas in Europe reached 13.1 constant U.S. dollars per million British thermal units, compared with 2.5 U.S. dollars in the U.S. This was a notable decrease compared to the previous year, which had seen a steep increase in prices due to an energy supply shortage exacerbated by the Russia-Ukraine war. Since 1980, natural gas prices have typically been higher in Europe than in the United States and are expected to remain so for the coming two years. This is due to the U.S. being a significantly larger natural gas producer than Europe.

What is natural gas and why is it gaining ground in the energy market? Natural gas is commonly burned in power plants with combustion turbines that generate electricity or used as a heating fuel. Given the fact that the world’s energy demand continues to grow, natural gas was seen by some industry leaders as an acceptable "bridge-fuel" to overcome the use of more emission-intensive energy sources such as coal. Subsequently, natural gas has become the main fuel for electricity generation in the U.S., while the global gas power generation share has reached 22 percent.

How domestic production shapes U.S. natural gas prices The combination of hydraulic fracturing (“fracking”) and horizontal drilling can be regarded as one of the oil and gas industry’s biggest breakthroughs in decades, with the U.S. being the largest beneficiary. This technology has helped the industry release unprecedented quantities of gas from deposits, mainly shale and tar sands that were previously thought either inaccessible or uneconomic. It is forecast that U.S. shale gas production could reach 35 trillion cubic feet in 2050, up from 1.77 trillion cubic feet in 2000.

Gasoline Prices in Romania increased to 1.60 USD/Liter in February from 1.56 USD/Liter in January of 2025. This dataset provides the latest reported value for - Romania Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

TTF Gas decreased 8.92 EUR/MWh or 17.69% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas TTF - values, historical data, forecasts and news - updated on March of 2025.

This table shows the average prices paid for natural gas and electricity. The total prices represent the sum of energy supply prices and network prices.

The total price is the price paid by an end-user, for instance a household or an industrial company consuming energy in their production process. Natural gas used for non-energy purposes or for electricity generation is excluded from the data.

The price cap set by the Dutch government for 2023 has now been incorporated into the prices.

Data available from: 1st semester of 2009

Status of the figures: The figures in this table are provisional for the two most recent semesters, and the annual figures follow the status of the second semester of the relevant reporting year. The remaining figures are final.

Changes as of September 30: Figures for the first half of 2024 have been added.

When will new figures be published? New provisional figures will be published three months after the semesters end, at the end of September and at the end of March.