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.

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.

Natural gas fell to 3.01 USD/MMBtu on July 31, 2025, down 1.25% from the previous day. Over the past month, Natural gas's price has fallen 11.95%, but it is still 52.78% 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.

The average price for regular gasoline in the United States stood at **** U.S. dollars per gallon on July 28, 2025. This compared to a diesel price of **** U.S. dollars per gallon. Prices for gasoline remained unchanged 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.

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.

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.

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.

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.

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.

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.

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.

In June 2025, one gallon of diesel cost an average of 3.6 U.S. dollars in the United States. That was an increase compared to the month prior, but lower than prices in June 2024. Impact of crude prices on motor fuel consumer prices Diesel prices are primarily determined by the cost of crude oil. In fact, crude oil regularly accounts for around 50 percent of end consumer prices of diesel. As such, supply restrictions or weak demand outlooks influence prices at the pump. The fall in diesel prices noted in the latter half of 2024 is a reflection of lower crude prices. Diesel and gasoline price development The usage of distillate fuel oil began in the 1930s, but until further development in the 1960s, diesel vehicles were mostly applied to commercial use only. In the U.S., diesel-powered cars remain a fairly small portion of the automobile market and diesel consumption is far lower than gasoline consumption. In general, gasoline also tends to be more widely available than diesel fuel and usually sells for a lower retail price. However, diesel engines have better fuel economy than gasoline engines and, as such, tend to be used for large commercial vehicles.

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.

United States Natural Gas: Average Residential Price: Pennsylvania data was reported at 12.880 USD/1000 Cub ft in Feb 2025. This records an increase from the previous number of 12.520 USD/1000 Cub ft for Jan 2025. United States Natural Gas: Average Residential Price: Pennsylvania data is updated monthly, averaging 11.700 USD/1000 Cub ft from Jan 1989 (Median) to Feb 2025, with 434 observations. The data reached an all-time high of 26.890 USD/1000 Cub ft in Aug 2022 and a record low of 5.600 USD/1000 Cub ft in Dec 1995. United States Natural Gas: Average Residential Price: Pennsylvania 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.

United States Natural Gas: Average Residential Price: Maryland data was reported at 15.300 USD/1000 Cub ft in Jan 2025. This records an increase from the previous number of 14.820 USD/1000 Cub ft for Dec 2024. United States Natural Gas: Average Residential Price: Maryland data is updated monthly, averaging 12.130 USD/1000 Cub ft from Jan 1989 (Median) to Jan 2025, with 433 observations. The data reached an all-time high of 30.930 USD/1000 Cub ft in Aug 2022 and a record low of 5.400 USD/1000 Cub ft in Apr 1992. United States Natural Gas: Average Residential Price: Maryland 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.

United States Natural Gas Exports: Avg Price: LNG: From Nogales, Arizona data was reported at 20.760 USD/1000 Cub ft in Aug 2022. This records an increase from the previous number of 16.910 USD/1000 Cub ft for Jul 2022. United States Natural Gas Exports: Avg Price: LNG: From Nogales, Arizona data is updated monthly, averaging 11.810 USD/1000 Cub ft from Nov 2013 (Median) to Aug 2022, with 61 observations. The data reached an all-time high of 20.760 USD/1000 Cub ft in Aug 2022 and a record low of 9.920 USD/1000 Cub ft in Mar 2018. United States Natural Gas Exports: Avg Price: LNG: From Nogales, Arizona 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.P015: Natural Gas Export Price: Liquefied Natural Gas.

United States Natural Gas: Average Residential Price: Wisconsin data was reported at 9.730 USD/1000 Cub ft in Feb 2025. This records an increase from the previous number of 9.600 USD/1000 Cub ft for Jan 2025. United States Natural Gas: Average Residential Price: Wisconsin data is updated monthly, averaging 8.710 USD/1000 Cub ft from Jan 1989 (Median) to Feb 2025, with 434 observations. The data reached an all-time high of 21.230 USD/1000 Cub ft in Aug 2022 and a record low of 5.010 USD/1000 Cub ft in Oct 2001. United States Natural Gas: Average Residential 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.

United States Natural Gas: Average Residential Price: Texas data was reported at 14.150 USD/1000 Cub ft in Feb 2025. This records an increase from the previous number of 13.650 USD/1000 Cub ft for Jan 2025. United States Natural Gas: Average Residential Price: Texas data is updated monthly, averaging 10.560 USD/1000 Cub ft from Jan 1989 (Median) to Feb 2025, with 434 observations. The data reached an all-time high of 33.190 USD/1000 Cub ft in Aug 2022 and a record low of 4.920 USD/1000 Cub ft in Jan 1996. United States Natural Gas: Average Residential Price: Texas 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.

On July 28, 2025, the Brent crude oil price stood at 69.68 U.S. dollars per barrel, compared to 66.71 U.S. dollars for WTI oil and 70.98 U.S. dollars for the OPEC basket. Brent and OPEC prices rose slightly that week, while WTI prices fell.Europe's Brent crude oil, the U.S. WTI crude oil, and OPEC's basket are three of the most important benchmarks used by traders as reference for oil and gasoline prices. Lowest ever oil prices during coronavirus pandemic In 2020, the coronavirus pandemic resulted in crude oil prices hitting a major slump as oil demand drastically declined following lockdowns and travel restrictions. Initial outlooks and uncertainty surrounding the course of the pandemic brought about a disagreement between two of the largest oil producers, Russia and Saudi Arabia, in early March. Bilateral talks between global oil producers ended in agreement on April 13th, with promises to cut petroleum output and hopes rising that these might help stabilize the oil price in the coming weeks. However, with storage facilities and oil tankers quickly filling up, fears grew over where to store excess oil, leading to benchmark prices seeing record negative prices between April 20 and April 22, 2020. How crude oil prices are determined As with most commodities, crude oil prices are impacted by supply and demand, as well as inventories and market sentiment. However, as oil is most often traded in future contracts (where a contract is agreed upon while product delivery will follow in the next two to three months), market speculation is one of the principal determinants for oil prices. Traders make conclusions on how production output and consumer demand will likely develop over the coming months, leaving room for uncertainty. Spot prices differ from futures in so far as they reflect the current market price of a commodity.

United States Natural Gas: Average Residential Price: Connecticut data was reported at 15.910 USD/1000 Cub ft in Feb 2025. This records an increase from the previous number of 14.170 USD/1000 Cub ft for Jan 2025. United States Natural Gas: Average Residential Price: Connecticut data is updated monthly, averaging 13.380 USD/1000 Cub ft from Jan 1989 (Median) to Feb 2025, with 433 observations. The data reached an all-time high of 31.680 USD/1000 Cub ft in Aug 2022 and a record low of 7.680 USD/1000 Cub ft in Dec 1992. United States Natural Gas: Average Residential 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.