The prices of fossil fuels increased considerably in 2022 as a result of supply disruptions and rising energy demand. While the crude oil price in 2022 did not reach the levels of the 1979 or 2008 price shocks, natural gas prices rose to record highs.

New Zealand Average Fuel Price: Natural Gas: Residential data was reported at 0.196 NZD/kWh in Dec 2024. This records an increase from the previous number of 0.155 NZD/kWh for Sep 2024. New Zealand Average Fuel Price: Natural Gas: Residential data is updated quarterly, averaging 0.060 NZD/kWh from Mar 1979 (Median) to Dec 2024, with 184 observations. The data reached an all-time high of 0.222 NZD/kWh in Mar 2018 and a record low of 0.016 NZD/kWh in Jun 1979. New Zealand Average Fuel Price: Natural Gas: Residential data remains active status in CEIC and is reported by Ministry of Business, Innovation and Employment. The data is categorized under Global Database’s New Zealand – Table NZ.P003: Average Fuel Price.

As of May 2025, the average price for premium gasoline in Germany was around 176.9 euro cents per liter. This was a slight decrease compared to the year before.

The 2025 annual OPEC oil price stood at ***** U.S. dollars per barrel, as of May. 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.

Graph and download economic data for Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Norway (CPGREN01NOQ657N) from Q1 1979 to Q4 2023 about Norway, fuels, electricity, energy, gas, CPI, price index, indexes, and price.

The 2025 preliminary average annual price of West Texas Intermediate crude oil reached 68.24 U.S. dollars per barrel, as of May. This would be eight U.S. dollars below the 2024 average and the lowest annual average since 2021. WTI and other benchmarks WTI is a grade of crude oil also known as “Texas light sweet.” It is measured to have an API gravity of around 39.6 and specific gravity of about 0.83, which is considered “light” relative to other crude oils. This oil also contains roughly 0.24 percent sulfur, and is therefore named “sweet.” Crude oils are some of the most closely observed commodity prices in the world. WTI is the underlying commodity of the Chicago Mercantile Exchange’s oil futures contracts. The price of other crude oils, such as UK Brent crude oil, the OPEC crude oil basket, and Dubai Fateh oil, can be compared to that of WTI crude oil. Since 1976, the price of WTI crude oil has increased notably, rising from just 12.23 U.S. dollars per barrel in 1976 to a peak of 99.06 dollars per barrel in 2008. Geopolitical conflicts and their impact on oil prices The price of oil is controlled in part by limiting oil production. Prior to 1971, the Texas Railroad Commission controlled the price of oil by setting limits on production of U.S. oil. In 1971, the Texas Railroad Commission ceased limiting production, but OPEC, the Organization of Petroleum Exporting Countries with member states Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela among others, continued to do so. In 1972, due to geopolitical conflict, OPEC set an oil embargo and cut oil production, causing prices to quadruple by 1974. Oil prices rose again in 1979 and 1980 due to the Iranian revolution, and doubled between 1978 and 1981 as the Iran-Iraq War prevented oil production. A number of geopolitical conflicts and periods of increased production and consumption have influenced the price of oil since then.

Norway Consumer Price Index (CPI): HW: Electricity, Gas & Fuel: Electricity data was reported at 254.100 1998=100 in Dec 2016. This records a decrease from the previous number of 268.400 1998=100 for Nov 2016. Norway Consumer Price Index (CPI): HW: Electricity, Gas & Fuel: Electricity data is updated monthly, averaging 100.900 1998=100 from Jan 1979 (Median) to Dec 2016, with 456 observations. The data reached an all-time high of 281.300 1998=100 in Jan 2011 and a record low of 28.200 1998=100 in Jun 1979. Norway Consumer Price Index (CPI): HW: Electricity, Gas & Fuel: Electricity data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.I007: Consumer Price Index: 1998=100. Rebased from 1998=100 to 2015=100 Replacement series ID: 384054267

New Zealand Ave Fuel Price: 2023 Price: Natural Gas: Residential data was reported at 0.153 NZD/kWh in Sep 2024. This records a decrease from the previous number of 0.168 NZD/kWh for Jun 2024. New Zealand Ave Fuel Price: 2023 Price: Natural Gas: Residential data is updated quarterly, averaging 0.117 NZD/kWh from Mar 1979 (Median) to Sep 2024, with 183 observations. The data reached an all-time high of 0.300 NZD/kWh in Mar 2008 and a record low of 0.065 NZD/kWh in Dec 1988. New Zealand Ave Fuel Price: 2023 Price: Natural Gas: Residential data remains active status in CEIC and is reported by Ministry of Business, Innovation and Employment. The data is categorized under Global Database’s New Zealand – Table NZ.P005: Average Fuel Price: 2023 Price.

United States Consumer Price: Average: SU: Utility (Piped) Gas, 100 Therms data was reported at 111.041 USD in Jun 2013. This records an increase from the previous number of 109.581 USD for May 2013. United States Consumer Price: Average: SU: Utility (Piped) Gas, 100 Therms data is updated monthly, averaging 63.713 USD from Nov 1978 (Median) to Jun 2013, with 415 observations. The data reached an all-time high of 178.090 USD in Nov 2005 and a record low of 29.697 USD in Jan 1979. United States Consumer Price: Average: SU: Utility (Piped) Gas, 100 Therms data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.P001: Consumer Price.

New Zealand Ave Fuel Price: 2021 Price: Natural Gas: Commercial data was reported at 0.080 NZD/kWh in Dec 2022. This records an increase from the previous number of 0.076 NZD/kWh for Sep 2022. New Zealand Ave Fuel Price: 2021 Price: Natural Gas: Commercial data is updated quarterly, averaging 0.057 NZD/kWh from Mar 1979 (Median) to Dec 2022, with 176 observations. The data reached an all-time high of 0.097 NZD/kWh in Dec 2007 and a record low of 0.044 NZD/kWh in Jun 1985. New Zealand Ave Fuel Price: 2021 Price: Natural Gas: Commercial data remains active status in CEIC and is reported by Ministry of Business, Innovation and Employment. The data is categorized under Global Database’s New Zealand – Table NZ.P007: Average Fuel Price: 2021 Price.

United States - Average Price: Utility (Piped) Gas per Therm in the South Census Region - Size Class A was 1.98700 Index in December of 2024, according to the United States Federal Reserve. Historically, United States - Average Price: Utility (Piped) Gas per Therm in the South Census Region - Size Class A reached a record high of 2.07400 in October of 2022 and a record low of 0.35500 in July of 1979. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Average Price: Utility (Piped) Gas per Therm in the South Census Region - Size Class A - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in the Midwest Census Region - Size Class D (APUD20072511) from Sep 1979 to Apr 2017 about fuels, energy, retail, price, and USA.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Norway (NORCP040500IXOBQ) from Q1 1979 to Q1 2025 about water, Norway, fuels, electricity, gas, CPI, price index, indexes, and price.

Graph and download economic data for Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Norway (NORCP040100GPM) from Feb 1979 to Dec 2023 about water, Norway, fuels, electricity, rent, gas, CPI, price index, indexes, and price.

Norway Consumer Price Index (CPI): HW: Electricity, Gas & Fuel: Solid Fuels data was reported at 167.100 1998=100 in Dec 2016. This records a decrease from the previous number of 175.900 1998=100 for Nov 2016. Norway Consumer Price Index (CPI): HW: Electricity, Gas & Fuel: Solid Fuels data is updated monthly, averaging 108.350 1998=100 from Jan 1979 (Median) to Dec 2016, with 456 observations. The data reached an all-time high of 175.900 1998=100 in Nov 2016 and a record low of 52.100 1998=100 in Feb 1979. Norway Consumer Price Index (CPI): HW: Electricity, Gas & Fuel: Solid Fuels data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.I007: Consumer Price Index: 1998=100. Rebased from 1998=100 to 2015=100 Replacement series ID: 384054287

Hazelton and other brick producers have proved the reliability of the commercial size Wellman-Galusha gasifier. For this energy intensive business, gas cost is the major portion of the product cost. Costs required Webster/Hazelton to go back to the old, reliable alternative energy of low Btu gasification when the natural gas supply started to be curtailed and prices escalated. Although anthracite coal prices have skyrocketed from $34/ton (1979) to over $71.50/ton (1981) because of high demand (local as well as export) and rising labor costs, the delivered natural gas cost, which reached $3.90 to 4.20/million Btu in the Hazelton area during 1981, has allowed the producer gas from the gasifier at Webster Brick to remain competitive. The low Btu gas cost (at the escalated coal price) is estimated to be $4/million Btu. In addition to producing gas that is cost competitive with natural gas at the Webster Brick Hazelton plant, Webster has the security of knowing that its gas supply will be constant. Improvements in brick business and projected deregulation of the natural gas price may yield additional, attractive cost benefits to Webster Brick through the use of low Btu gas from these gasifiers. Also, use of hot raw gas (that requires no tar or sulfur removal) keeps the overall process efficiency high. 25 references, 47 figures, 14 tables.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Norway (CPGREN01NOM659N) from Jan 1979 to Apr 2025 about Norway, fuels, electricity, energy, gas, CPI, price index, indexes, and price.

New Zealand Average Fuel Price: 2019 Price: Natural Gas: Residential data was reported at 0.152 NZD/kWh in Dec 2020. This records an increase from the previous number of 0.102 NZD/kWh for Sep 2020. New Zealand Average Fuel Price: 2019 Price: Natural Gas: Residential data is updated quarterly, averaging 0.093 NZD/kWh from Mar 1979 (Median) to Dec 2020, with 168 observations. The data reached an all-time high of 0.248 NZD/kWh in Mar 2008 and a record low of 0.054 NZD/kWh in Dec 1988. New Zealand Average Fuel Price: 2019 Price: Natural Gas: Residential data remains active status in CEIC and is reported by Ministry of Business, Innovation and Employment. The data is categorized under Global Database’s New Zealand – Table NZ.P009: Average Fuel Price: 2019 Price.

Graph and download economic data for Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in the West Census Region - Size Class D (APUD40072511) from Jun 1979 to Dec 1986 about fuels, energy, retail, price, and USA.

Graph and download economic data for Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Norway (NORCP040000GPQ) from Q2 1979 to Q4 2023 about water, Norway, fuels, electricity, gas, CPI, price index, indexes, and price.