The average monthly price for natural gas in the United States amounted to **** nominal U.S. dollars per million British thermal units (Btu) in May 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 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 ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.
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Natural gas fell to 3.25 USD/MMBtu on July 22, 2025, down 2.13% from the previous day. Over the past month, Natural gas's price has fallen 14.59%, but it is still 48.80% higher than a year ago, 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 July of 2025.
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Natural Gas: Average Residential Price: United States data was reported at 12.940 USD/1000 Cub ft in Feb 2025. This records an increase from the previous number of 12.340 USD/1000 Cub ft for Jan 2025. Natural Gas: Average Residential Price: United States data is updated monthly, averaging 9.325 USD/1000 Cub ft from Jan 1981 (Median) to Feb 2025, with 530 observations. The data reached an all-time high of 25.390 USD/1000 Cub ft in Aug 2022 and a record low of 3.940 USD/1000 Cub ft in Jan 1981. Natural Gas: Average Residential Price: United States 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.
Energy production and consumption statistics are provided in total and by fuel and provide an analysis of the latest 3 months data compared to the same period a year earlier. Energy price statistics cover domestic price indices, prices of road fuels and petroleum products and comparisons of international road fuel prices.
Highlights for the 3 month period April to June 2022, compared to the same period a year earlier include:
*Major Power Producers (MPPs) data published monthly, all generating companies data published quarterly.
Highlights for August 2022 compared to July 2022:
Lead statistician Warren Evans, Tel 0750 091 0468
Press enquiries, Tel 020 7215 1000
Statistics on monthly production and consumption of coal, electricity, gas, oil and total energy include data for the UK for the period up to the end of June 2022.
Statistics on average temperatures, wind speeds, sun hours and rainfall include data for the UK for the period up to the end of July 2022.
Statistics on energy prices include retail price data for the UK for July 2022, and petrol & diesel data for August 2022, with EU comparative data for July 2022.
The next release of provisional monthly energy statistics will take place on Thursday 29 September 2022.
To access the data tables associated with this release please click on the relevant subject link(s) below. For further information please use the contact details provided.
Please note that the links below will always direct you to the latest data tables. If you are interested in historical data tables please contact BEIS (kevin.harris@beis.gov.uk)
Subject and table number | Energy production and consumption, and weather data |
---|---|
Total Energy | Contact: Energy statistics, Tel: 0747 135 8194 |
ET 1.1 | Indigenous production of primary fuels |
ET 1.2 | Inland energy con |
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Natural Gas: Average Commercial Price: Oklahoma data was reported at 7.860 USD/1000 Cub ft in Feb 2025. This records an increase from the previous number of 7.640 USD/1000 Cub ft for Jan 2025. Natural Gas: Average Commercial Price: Oklahoma data is updated monthly, averaging 7.980 USD/1000 Cub ft from Jan 1989 (Median) to Feb 2025, with 434 observations. The data reached an all-time high of 22.690 USD/1000 Cub ft in Aug 2022 and a record low of 3.570 USD/1000 Cub ft in May 1991. Natural Gas: Average Commercial Price: Oklahoma 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 Residential Price: Florida data was reported at 22.530 USD/1000 Cub ft in Feb 2025. This records an increase from the previous number of 21.700 USD/1000 Cub ft for Jan 2025. Natural Gas: Average Residential Price: Florida data is updated monthly, averaging 18.250 USD/1000 Cub ft from Jan 1989 (Median) to Feb 2025, with 434 observations. The data reached an all-time high of 36.450 USD/1000 Cub ft in Aug 2022 and a record low of 6.870 USD/1000 Cub ft in Jan 1990. Natural Gas: Average Residential Price: Florida 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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UK Gas fell to 78.09 GBp/thm on July 24, 2025, down 0.60% from the previous day. Over the past month, UK Gas's price has fallen 5.55%, but it is still 4.83% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on July of 2025.
The average price for regular gasoline in the United States stood at **** U.S. dollars per gallon on July 21, 2025. This compared to a diesel price of **** U.S. dollars per gallon. Prices for gasoline decreased that week. Real price surge of 2022 and 2023 still below 2011 to 2014 prices When looking at the real price of gasoline over time, U.S. drivers had to pay notably more in the years between 2011 and 2014. The surge in prices noted throughout 2022 and partly for 2023, which followed supply constraints, was still lower in terms of real U.S. dollars. U.S. on the lower-end spectrum of worldwide motor fuel prices The U.S. has some of the lowest conventional motor fuel prices in the world. Although fuel prices are usually higher in high-income countries, the U.S. profits from its position as the world’s largest crude oil producer and can keep retail prices for oil products comparatively low. For example, among high-income countries, prices for automotive premium gasoline (RON 95) were only lower in Russia and Saudi Arabia - countries where crude oil and oil product exports are in part restricted by sanctions, thus keeping domestic supply high.
This statistic shows the stock prices of selected oil and gas commodities from January 2, 2020 to February 4, 2025. After the Russian invasion of Ukraine in February 2022, energy prices climbed significantly. The highest increase can be observed for natural gas, whose price peaked in August and September 2022. By the beginning of 2023, natural gas price started to decline.
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Natural Gas: Average Residential Price: Mississippi data was reported at 12.190 USD/1000 Cub ft in Feb 2025. This records an increase from the previous number of 11.100 USD/1000 Cub ft for Jan 2025. Natural Gas: Average Residential Price: Mississippi data is updated monthly, averaging 10.205 USD/1000 Cub ft from Jan 1989 (Median) to Feb 2025, with 434 observations. The data reached an all-time high of 27.740 USD/1000 Cub ft in Aug 2022 and a record low of 4.460 USD/1000 Cub ft in Feb 1992. Natural Gas: Average Residential Price: Mississippi 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 Residential Price: Oklahoma data was reported at 9.460 USD/1000 Cub ft in Feb 2025. This records an increase from the previous number of 9.400 USD/1000 Cub ft for Jan 2025. Natural Gas: Average Residential Price: Oklahoma data is updated monthly, averaging 9.635 USD/1000 Cub ft from Jan 1989 (Median) to Feb 2025, with 434 observations. The data reached an all-time high of 38.460 USD/1000 Cub ft in Aug 2022 and a record low of 3.850 USD/1000 Cub ft in Jun 1999. Natural Gas: Average Residential Price: Oklahoma 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.
The average gas price in Great Britain in May 2025 was 82.59 British pence per therm. This was seven pence higher than the same month the year prior and follows a trend of increasing gas prices. Energy prices in the UK Energy prices in the UK have been exceptionally volatile throughout the 2020s. Multiple factors, such as a lack of gas storage availability and the large share of gas in heating, have exacerbated the supply issue in the UK that followed the Russia-Ukraine war. This has also led to many smaller suppliers announcing bankruptcy, while an upped price cap threatened the energy security of numerous households. The United Kingdom has some of the highest household electricity prices worldwide. How is gas used in the UK? According to a 2023 survey conducted by the UK Department for Energy Security and Net Zero, 58 percent of respondents used gas as a heating method during the winter months. On average, household expenditure on energy from gas in the UK stood at some 24.9 billion British pounds in 2023, double the amount spent just two years prior.
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Natural Gas: Average Residential Price: Minnesota data was reported at 11.230 USD/1000 Cub ft in Jan 2025. This records an increase from the previous number of 10.630 USD/1000 Cub ft for Dec 2024. Natural Gas: Average Residential Price: Minnesota data is updated monthly, averaging 8.360 USD/1000 Cub ft from Jan 1989 (Median) to Jan 2025, with 433 observations. The data reached an all-time high of 22.630 USD/1000 Cub ft in Aug 2022 and a record low of 3.970 USD/1000 Cub ft in Feb 1991. Natural Gas: Average Residential Price: Minnesota 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: Michigan data was reported at 8.810 USD/1000 Cub ft in Feb 2025. This records an increase from the previous number of 8.540 USD/1000 Cub ft for Jan 2025. Natural Gas: Average Commercial Price: Michigan data is updated monthly, averaging 7.440 USD/1000 Cub ft from Jan 1989 (Median) to Feb 2025, with 434 observations. The data reached an all-time high of 14.440 USD/1000 Cub ft in Aug 2022 and a record low of 4.280 USD/1000 Cub ft in Mar 1995. Natural Gas: Average Commercial Price: Michigan 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 Residential Price: Virginia data was reported at 14.470 USD/1000 Cub ft in Feb 2025. This records an increase from the previous number of 13.190 USD/1000 Cub ft for Jan 2025. Natural Gas: Average Residential Price: Virginia data is updated monthly, averaging 12.495 USD/1000 Cub ft from Jan 1989 (Median) to Feb 2025, with 434 observations. The data reached an all-time high of 27.870 USD/1000 Cub ft in Aug 2022 and a record low of 5.550 USD/1000 Cub ft in Nov 1995. Natural Gas: Average Residential Price: Virginia 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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The size of the Oil & Gas Downstream Market in Egypt market was valued at USD 8.2 USD Billion in 2023 and is projected to reach USD 11.54 USD Billion by 2032, with an expected CAGR of 5.00% during the forecast period. The coverage of the Oil & Gas Downstream Market in Egypt includes refining, processing, distribution and marketing of crude oil and petroleum products. It will be recalled that this market has special significance to the Egyptian economy in light of the ongoing improvements in refining technologies and these markets’ facilities. Some of these are extensive refinery and distribution centres including the places where its products can be used for production of fuel, petrochemicals amongst others such as the lubricants. That is why the effects of the emergence of a competitive market, we can highlight: the supply of much-needed raw materials, an increase in employment, and an increase in economic performance. Others are domestic supply for fuel and export market resources. The primary strength is the diversification of the energy sector in Egypt while the weakness is that it is sensitive to the changes in the world oil prices resulting in increased risks on profitability and investments. Recent developments include: In August 2022, Egypt's Anchorage Investments shortlisted four international companies to construct a USD 2 billion petrochemicals complex in the Suez Canal Economic Zone on the Red Sea. The companies shortlisted are Hyundai, Samsung, Tecnicas Reunidas, and Technip Energies., In September 2022, Egyptian Petrochemicals Holding Company (ECHEM) announced that a consortium of Petrojet, ENPPI, and Bechtel is working on the Front-End Engineering Design (FEED) for the refinery-cum petrochemical complex located in Suez Canal Corridor - Industrial Zone.. Key drivers for this market are: 4., Increasing Power Demand4.; Increasing Penetration of Renewable Energy. Potential restraints include: 4., Inadequate Infrastructure in the Country. Notable trends are: Refineries to Dominate the Market.
Energy commodity price inflation in Slovakia has fluctuated in the period of consideration, with rates rising significantly in 2022 and dropping again in 2023 and 2024. Gas prices saw the highest inflation hike, with the annual change standing at 20.1 percent in August 2022. These increases in inflation were driven further by Russia's invasion of Ukraine, which has caused uncertainty over Europe's security of gas supply, as well as intense energy price volatility.
The average wholesale electricity price in July 2025 in the United Kingdom is forecast to amount to****** British pounds per megawatt-hour, a decrease from the previous month. A record high was reached in August 2022 when day-ahead baseload contracts averaged ***** British pounds per megawatt-hour.
Electricity price stabilization in Europe
Electricity prices increased in 2024 compared to the previous year, when prices stabilized after the energy supply shortage. Price spikes were driven by the growing wholesale prices of natural gas and coal worldwide, which are among the main sources of power in the region.
… and in the United Kingdom? The United Kingdom was one of the countries with the highest electricity prices worldwide during the energy crisis. Since then, prices have been stabilizing, almost to pre-energy crisis levels. The use of nuclear, wind, and bioenergy for electricity generation has been increasing recently. The fuel types are an alternative to fossil fuels and are part of the country's power generation plans going into the future.
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United States Natural Gas: Average Commercial Price: Wyoming data was reported at 6.730 USD/1000 Cub ft in Jan 2025. This records an increase from the previous number of 6.630 USD/1000 Cub ft for Dec 2024. United States Natural Gas: Average Commercial Price: Wyoming data is updated monthly, averaging 6.770 USD/1000 Cub ft from Jan 1989 (Median) to Jan 2025, with 429 observations. The data reached an all-time high of 15.280 USD/1000 Cub ft in Aug 2022 and a record low of 2.600 USD/1000 Cub ft in Nov 1996. United States Natural Gas: Average Commercial Price: Wyoming 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.
The average monthly price for natural gas in the United States amounted to **** nominal U.S. dollars per million British thermal units (Btu) in May 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 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 ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.