The global fuel energy price index stood at 158.38 index points in August 2025, up from 100 in the base year 2016. Figures decreased that month due to a fall in natural gas prices. The fuel energy index includes prices for crude oil, natural gas, coal, and propane. Supply constraints across multiple commodities The global natural gas price index surged nearly 11-fold, and the global coal price index rose almost seven-fold from summer 2020 to summer 2022. This notable escalation was largely attributed to the Russia-Ukraine war, exerting increased pressure on the global supply chain. Tariffs bring economic uncertainty With the global economy having adjusted to the effects of the Russia-Ukraine war, new uncertainty has emerged due to tariffs imposed by the Trump administration. If these tariffs are fully implemented, global trade could be significantly disrupted, mainly the bilateral trade between the world’s two largest economies. In 2025, import tariffs between China and the United States exceeded 130 percent on both sides, while their tariffs on imports from the rest of the world were around 10 percent. U.S. tariffs on Chinese imported goods reached a high of 134.7 percent in April of that year, while China imposed a 147.6 percent tariff on U.S. goods. Early estimates indicate that the impact of Trump’s proposed tariffs on the U.S. economy could amount to 0.4 percent of GDP, mainly driven by the reduced trade with Mexico, Canada and China.

Tariffs make up the greatest share of automotive gasoline prices in the United Kingdom. As of May 2020, tariffs accounted for over ** percent of the average gasoline price at **** euros per liter. The breakdown of gasoline prices was similar to the breakdown of diesel prices in the UK during the same period.

US Tariff Impact on Market

The imposition of US tariffs could have a significant impact on the global quantum sensors market, particularly for the oil and gas and atomic clock segments, which rely heavily on precision components sourced globally. Tariffs on key materials such as semiconductors, optical components, and specialized metals could lead to a 4-6% increase in production costs.

This rise in costs could ultimately be passed on to consumers, slowing adoption rates, particularly in price-sensitive sectors like oil and gas. Additionally, companies that rely on global supply chains for manufacturing quantum sensors may experience delays in component availability, impacting overall production timelines.

While some businesses may seek to reduce the impact by sourcing materials locally or from non-tariffed regions, the overall price increase may delay widespread commercial deployment, especially in the energy and telecommunications sectors. Despite this, the market’s long-term potential remains strong, as the benefits of quantum sensors continue to drive demand.

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Economic Impact

• Increased production costs by 4-6% due to higher tariffs on precision components.
• Higher costs may slow adoption in price-sensitive sectors like oil and gas.
• Production delays could hinder the market's overall growth.

Geographical Impact

• North America could experience slower adoption due to tariff-induced cost hikes.
• Global supply chains may be disrupted, particularly in Asia, affecting sensor availability.
• Regions relying on international imports for sensor components will face delays and higher prices.

Business Impact

• Increased costs could lead to higher product prices, limiting market penetration.
• Companies may need to adjust pricing models or invest in local manufacturing to mitigate tariff effects.
• Smaller companies might struggle with tariff-induced cost increases, affecting their market competitiveness.

US Tariff Impact Percentage for Impacted Sector

The atomic clock and oil and gas segments, accounting for 38.2% and 28.5% of the market share, respectively, could face a 4-6% increase in production costs due to tariffs on imported components, leading to higher product prices across these key sectors.

Natural gas prices for households and small businesses by Year, Tariff group and Annual quantity purchased (gross calorific value GCV)

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.

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 2025 have been added.

The network prices for final non-household customers will from now on, and dating back to 2009, be derived from administrative data sources. This now follows the methodology for households. Consumption data can be combined with tariffs that are published on the websites of the network companies, providing the necessary data to compile the prices. The change in methodology is carried out for the full time-series, making sure the network prices are consistent and price changes are not the result of varying measurement approaches.

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.

In August 2024, the estimated natural gas bill for an Italian household with a consumption of ***** cubic meters per year and a contract in the vulnerability protection service was highest in the south of Italy, at 1344 euros per year. This price is approximately *** euros above the average price in the north of the country. This price gap does not depend on the cost of the raw material, which is the same in the whole country, but on the fluctuations of other cost components of natural gas prices, namely the cost of transportation and gas meter management.

Gasoline rose to 1.86 USD/Gal on October 22, 2025, up 1.64% from the previous day. Over the past month, Gasoline's price has fallen 7.38%, and is down 9.32% compared to the same time last year, 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 October of 2025.

Canada's oil and gas field service operators have experienced volatile market conditions throughout 2025. World commodity prices performed well throughout the reporting period. However, the period did start slowly in 2020 amid the pandemic as oil and gas prices started very low. As economic conditions improved from the pandemic's peak, the need for oil and gas returned to pre-pandemic levels and even reached new highs. As a result, revenue has been increasing at a CAGR of 9.8% over the past five years, reaching an estimated $ 49.5 billion in 2025. This includes a 3.6% dip in 2025 alone, when profit is set to reach 11.4%. The dip in 2025 can be mainly attributed to the uncertain geopolitical tensions from the energy tariffs imposed by the US, causing oil prices to drop drastically. While energy trade between the US and Canada hasn't been impacted, the impact on global prices has bled into Canadian prices. The swelling popularity of highly efficient enhanced oil recovery techniques has created a mixed impact for oil and gas field service providers. While these advanced methods generate higher-margin service opportunities, their increased efficiency means that fewer rigs and, thus, fewer field services are needed overall. After an initial surge in demand as extraction companies implemented new technologies, the ongoing need for field services has gradually pushed down. Revenue is set to push up at a CAGR of 0.9% over the next five years, reaching an estimated $51.7 billion in 2030. With the world oil and gas prices forecast to drop, this will likely adversely impact oil and gas field service companies with shrinking demand. Even so, Canadian oil prices are still set remain steady since they won't be as impacted by tariffs as the rest of the global economy. Nonetheless, there is a lack of sufficient pipeline infrastructure to bring commodities to markets. If this infrastructure can be expanded, it will likely benefit commodity prices and industry revenue.

Discover how escalating tariff woes are affecting oil prices, despite a larger-than-expected drawdown in U.S. gasoline stocks. Explore the interplay between global trade tensions and crude markets.

Russia Avg Gazprom Tariffs: Natural Gas Transportation for 100 km: Domestic Market & Customs Union Countries data was reported at 65.200 RUB/1000 Cub m in Jan 2017. This stayed constant from the previous number of 65.200 RUB/1000 Cub m for Dec 2016. Russia Avg Gazprom Tariffs: Natural Gas Transportation for 100 km: Domestic Market & Customs Union Countries data is updated monthly, averaging 56.150 RUB/1000 Cub m from Aug 2006 (Median) to Jan 2017, with 126 observations. The data reached an all-time high of 65.200 RUB/1000 Cub m in Jan 2017 and a record low of 26.400 RUB/1000 Cub m in Feb 2007. Russia Avg Gazprom Tariffs: Natural Gas Transportation for 100 km: Domestic Market & Customs Union Countries data remains active status in CEIC and is reported by Federal Tariff Service (FTS of Russia). The data is categorized under Russia Premium Database’s Prices – Table RU.PE002: Average Gazprom Tariff: Natural Gas Transportation.

U.S. imports of Canadian oil—a heavy sour crude—have doubled over the past two decades. Most of this oil is sent to Midwest refineries that specialize in processing heavy sour crude. These refineries have limited flexibility to substitute other types of crude without incurring the cost of switching equipment. As a result, higher prices for Canadian crude, including from tariffs, could lead Midwest consumers to pay higher prices on refined petroleum products such as gasoline, holding other factors constant.

The average price of regular gasoline in Mexico reached ***** Mexican pesos per liter as of December 2024, up from more than ** pesos per liter in the previous year. For premium gasoline, average prices increased from **** pesos to ***** pesos per liter in the same period. What defines the price of gasoline in Mexico? The North American country is highly dependent on gasoline imports in order to meet its demand. Since 2016, gasoline imports by Pemex – Mexico’s national oil corporation – have averaged at more than *** thousand barrels per day in a regular year. With the government’s control put to an end in late 2017, prices are since controlled by the market, and in turn strongly affected by global oil prices. Nevertheless, other factors come into play, such as import tariffs, or transport and logistics costs. In fact, prices also vary across Mexico. In 2023, Guerrero was the state with the highest average gasoline price, while Tamaulipas reported the lowest figure. How does Mexico compare with the rest of Latin America? At an average of *** U.S. dollars per liter, Mexico had one of the highest prices in the region as of June 2023. This figure was above the average gasoline price reported in Latin America at the time. The country's gasoline purchasing power decreased in recent years. In 2023, the average Mexican salary could afford approximately *** liters of gasoline.

Poland Retail Price: Natural Gas for Households, W-1.1 Tariff data was reported at 0.400 PLN/kWh in Dec 2023. This stayed constant from the previous number of 0.400 PLN/kWh for Nov 2023. Poland Retail Price: Natural Gas for Households, W-1.1 Tariff data is updated monthly, averaging 0.270 PLN/kWh from Jan 2010 (Median) to Dec 2023, with 168 observations. The data reached an all-time high of 2.940 PLN/kWh in Dec 2012 and a record low of 0.210 PLN/kWh in Dec 2019. Poland Retail Price: Natural Gas for Households, W-1.1 Tariff data remains active status in CEIC and is reported by Statistics Poland. The data is categorized under Global Database’s Poland – Table PL.P002: Retail Price: Non Food Products and Services.

In June 2024, the average town gas price was at **** Singapore cents per kilowatt hour. In comparison, the tariffs for town gas was at **** cents per kilowatt hour in 2010.

Crude oil and gasoline prices fell today due to a stronger dollar and tariff concerns, impacting global economic growth and energy demand. Geopolitical tensions and OPEC+ production strategies also influence the market.

Fuel surcharge data is collected monthly from individual railroad websites. Fuel surcharges apply per mile per car. They are typically billed on top of tariff rates, but note that tariff- and contract-specific fuel surcharges may differ from the reported surcharge. For instance, BNSF publishes three separate fuel surcharge series, based on different strike prices. Their $1.25 strike price was in effect on some grain tariffs prior to March 2011, when the $2.50 strike price calculation went into effect. In February 2015, BNSF removed the fuel surcharge from its grain tariffs. In January 2021, BNSF added the fuel surcharge back to its grain tariffs at the $3.25 strike price. All three series are included in this dataset.

The Gas Utilities industry comprises all stages required to deliver gas to end users in France, including generation, transmission, distribution and supply. France is almost entirely dependent on imports for its natural gas supply, cutting gas generation and transmission out of the supply chain. This means the industry is dominated by gas supply, though distribution also plays a key role in transporting gas from import terminals to end users. De-industrialisation has spurred a long-term decline in gas consumption in France, with decarbonisation efforts accelerating this downward trend in recent years. Despite falling consumption, revenue is forecast to expand at a compound annual rate of 12.3% over the five years through 2025, reaching €46 billion. Gas suppliers have been hit by volatility in global energy markets in recent years. Declining gas consumption and falling wholesale market prices spurred a slump in revenue during the pandemic, with a higher number of defaults on customer bills spurring also eating into profitability. Revenue bounced back in 2021 as geopolitical tensions spurred rapid growth in wholesale prices, leading to widespread tariff increases. Following Russia’s invasion of Ukraine, a renewed surge in natural gas prices necessitated government intervention through the introduction of a tariff shield. While this limited revenue growth and constrained profitability in household and small business gas supply markets in 2022, the absence of a price cap for large energy users contributed to strong revenue growth. Although natural gas prices dropped by more than two-thirds in 2023, revenue remained well above 2021 levels, as ongoing uncertainty and the abolishment of regulated prices made companies reluctant to cut tariffs significantly. Natural gas prices continued to come down in 2024 and are showing signs of stabilising in 2025. However, this is yet to translate into widespread tariff reductions, owing to ongoing volatility in global commodity markets and a recent hike in GRDF’s distribution tariff. Still, revenue is forecast to decline by 8.4% in 2025.Over the five years through 2030, revenue is slated to fall at a compound annual rate of 0.2% to €45.6 billion. Intensified competition following the de-regulation of prices should limit the scope for significant tariff increases as natural gas prices continue to stabilise. In line with climate goals, gas consumption is set to drop 20% by 2030, weighing on growth prospects. The integration of renewable gases is set to continue to inflate distribution charges, while presenting opportunities for gas suppliers to target eco-conscious households and businesses.

The 2025 annual OPEC basket price stood at ***** U.S. dollars per barrel as of August. This would be lower than the 2024 average, which amounted to ***** U.S. dollars. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries and includes Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates. The aim of the OPEC is to coordinate the oil policies of its member states. It was founded in 1960 in Baghdad, Iraq. The OPEC Reference Basket The OPEC crude oil price is defined by the price of the so-called OPEC (Reference) basket. This basket is an average of prices of the various petroleum blends that are produced by the OPEC members. Some of these oil blends are, for example: Saharan Blend from Algeria, Basra Light from Iraq, Arab Light from Saudi Arabia, BCF 17 from Venezuela, et cetera. By increasing and decreasing its oil production, OPEC tries to keep the price between a given maxima and minima. Benchmark crude oil The OPEC basket is one of the most important benchmarks for crude oil prices worldwide. Other significant benchmarks are UK Brent, West Texas Intermediate (WTI), and Dubai Crude (Fateh). Because there are many types and grades of oil, such benchmarks are indispensable for referencing them on the global oil market. The 2025 fall in prices was the result of weakened demand outlooks exacerbated by extensive U.S. trade tariffs.

Russia Wholesale Price: Natural Gas: Industry data was reported at 3,506.000 RUB/1000 Cub m in 2013. This records an increase from the previous number of 3,049.000 RUB/1000 Cub m for 2012. Russia Wholesale Price: Natural Gas: Industry data is updated yearly, averaging 2,665.000 RUB/1000 Cub m from Dec 2008 (Median) to 2013, with 6 observations. The data reached an all-time high of 3,506.000 RUB/1000 Cub m in 2013 and a record low of 1,690.000 RUB/1000 Cub m in 2008. Russia Wholesale Price: Natural Gas: Industry data remains active status in CEIC and is reported by Federal Tariff Service (FTS of Russia). The data is categorized under Russia Premium Database’s Prices – Table RU.PE001: Wholesale Price: Natural Gas: Annual.