This statistic gives the consumer price estimates in the residential sector for natural gas from 1970 to 2015 in the U.S. In 2015, the residential consumer price estimate for natural gas came to 9.96 U.S. dollars per million British thermal units.

New York Energy Prices presents retail energy price data. Energy prices are provided by fuel type in nominal dollars per million Btu for the residential, commercial, industrial, and transportation sectors. This section includes a column in the price table displaying gross domestic product (GDP) price deflators for converting nominal (current year) dollars to constant (real) dollars. To convert nominal to constant dollars, divide the nominal energy price by the GDP price deflator for that particular year. Historical petroleum, electricity, coal, and natural gas prices were compiled primarily from the Energy Information Administration. How does your organization use this dataset? What other NYSERDA or energy-related datasets would you like to see on Open NY? Let us know by emailing OpenNY@nyserda.ny.gov.

This statistic gives the industrial consumer price estimates for natural gas from 1970 to 2009 in the United States. In 2001, this estimate came to 5.71 U.S. dollars per million British thermal units.

The USA: Revenue minus production cost of natural gas, percent of GDP: The latest value from 2021 is 0.36 percent, an increase from 0 percent in 2020. In comparison, the world average is 0.81 percent, based on data from 181 countries. Historically, the average for the USA from 1970 to 2021 is 0.36 percent. The minimum value, 0 percent, was reached in 1970 while the maximum of 1.82 percent was recorded in 1979.

This statistic gives the consumer price estimates for liquefied petroleum gas from 1970 to 2015 in the U.S. In 2015, the consumer price estimate for liquefied petroleum gases came to 10.68 U.S. dollars per million British thermal units.

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.

As of May 2025, the average annual price of Brent crude oil stood at 72 U.S. dollars per barrel. This is some eight U.S. dollars lower than the 2024 average. Brent is the world's leading price benchmark for Atlantic basin crude oils. Crude oil is one of the most closely observed commodity prices as it influences costs across all stages of the production process and consequently alters the price of consumer goods as well. What determines crude oil benchmarks? In the past decade, crude oil prices have been especially volatile. Their inherent inelasticity regarding short-term changes in demand and supply means that oil prices are erratic by nature. However, since the 2009 financial crisis, many commercial developments have greatly contributed to price volatility; such as economic growth by BRIC countries like China and India, and the advent of hydraulic fracturing and horizontal drilling in the U.S. The outbreak of the coronavirus pandemic and the Russia-Ukraine war are examples of geopolitical events dictating prices. Light crude oils - Brent and WTI Brent Crude is considered a classification of sweet light crude oil and acts as a benchmark price for oil around the world. It is considered a sweet light crude oil due to its low sulfur content and a low density and may be easily refined into gasoline. This oil originates in the North Sea and comprises several different oil blends, including Brent Blend and Ekofisk crude. Often, this crude oil is refined in Northwest Europe. Another sweet light oil often referenced alongside UK Brent is West Texas Intermediate (WTI). WTI oil prices amounted to 76.55 U.S. dollars per barrel in 2024.

United States - Consumer Price Index: OECD Groups: Energy (Fuel, electricity & gasoline): Total for G7 was 142.36690 Index 2010=100 in March of 2025, according to the United States Federal Reserve. Historically, United States - Consumer Price Index: OECD Groups: Energy (Fuel, electricity & gasoline): Total for G7 reached a record high of 159.61760 in June of 2022 and a record low of 12.02862 in January of 1970. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Consumer Price Index: OECD Groups: Energy (Fuel, electricity & gasoline): Total for G7 - last updated from the United States Federal Reserve on May of 2025.

After some fluctuation in the oil industry's early years, where prices were incredibly high for that time period due to low supply, the cost of oil in the U.S. remained below five U.S. dollars per barrel in the century between the 1870s and 1970s. Due to the 1973 Arab-Israeli War, the Arab OPEC states then placed an embargo on Israel's allies, particularly the United States, which resulted in domestic prices almost doubling within two years. Less than a decade later, due to the Iranian Revolution, domestic prices in the U.S. more than tripled between 1978 and 1981. Domestic prices in the U.S. were very subject to those within the OPEC bloc, as OPEC-produced oil was often much cheaper than U.S. oil even after duties and transport fees were applied. U.S. production then fell from the 1980s to the 2010s, and high production costs were then passed on to consumers. Prices peaked between 2008 and 2013, at around 95 dollars per barrel, before the developments in unconventional oil industries, such as shale oil refinement, fracking, and horizontal mining, have seen prices fluctuate in recent years

US: Natural Gas Rents: % of GDP data was reported at 0.000 % in 2016. This stayed constant from the previous number of 0.000 % for 2015. US: Natural Gas Rents: % of GDP data is updated yearly, averaging 0.316 % from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 1.938 % in 1979 and a record low of 0.000 % in 2016. US: Natural Gas Rents: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.World Bank: Land Use, Protected Areas and National Wealth. Natural gas rents are the difference between the value of natural gas production at regional prices and total costs of production.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted Average;

The number of crude oil and natural gas rotary rigs in operation in the United States has fluctuated greatly since the mid-20th century. Oil production in the United States dropped steadily from the 1960s, as the OPEC bloc began producing and exporting oil at low prices, however the shocks of the 1970s saw oil prices rise significantly after OPEC placed an embargo on the U.S. and its allies in 1973. The U.S. ramped up production to try and negate some of the effects of this embargo, but the long term effect of this was that demand in the 1980s dropped, in what was known as the 1980s oil glut. The number of oil and gas rotary rigs then remained below 1,000 throughout the 1990s, before the oil boom in South Dakota and the move towards self-sufficiency took place in the early 2000s. In more recent years, rotary rigs are being replaced by top-drive drills, which are much more efficient as they can bore for two or three times more than a rotary rig in one section.

United States - Consumer Price Index: OECD Groups: Energy (Fuel, electricity & gasoline): Total for OECD - Total was 157.20040 Index 2015=100 in March of 2025, according to the United States Federal Reserve. Historically, United States - Consumer Price Index: OECD Groups: Energy (Fuel, electricity & gasoline): Total for OECD - Total reached a record high of 164.61240 in June of 2022 and a record low of 4.67388 in January of 1970. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Consumer Price Index: OECD Groups: Energy (Fuel, electricity & gasoline): Total for OECD - Total - last updated from the United States Federal Reserve on May of 2025.

United States - Consumer Price Index: OECD Groups: Energy (Fuel, electricity & gasoline): Total for OECD - Europe was 186.85220 Index 2015=100 in March of 2025, according to the United States Federal Reserve. Historically, United States - Consumer Price Index: OECD Groups: Energy (Fuel, electricity & gasoline): Total for OECD - Europe reached a record high of 192.29040 in October of 2022 and a record low of 3.26354 in April of 1970. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Consumer Price Index: OECD Groups: Energy (Fuel, electricity & gasoline): Total for OECD - Europe - last updated from the United States Federal Reserve on July of 2025.

The U.S. auto industry sold nearly ************* cars in 2024. That year, total car and light truck sales were approximately ************ in the United States. U.S. vehicle sales peaked in 2016 at roughly ************ units. Pandemic impact The COVID-19 pandemic deeply impacted the U.S. automotive market, accelerating the global automotive semiconductor shortage and leading to a drop in demand during the first months of 2020. However, as demand rebounded, new vehicle supply could not keep up with the market. U.S. inventory-to-sales ratio dropped to its lowest point in February 2022, as Russia's war on Ukraine lead to gasoline price hikes. During that same period, inflation also impacted new and used car prices, pricing many U.S. consumers out of a market with increasingly lower car stocks. Focus on fuel economy The U.S. auto industry had one of its worst years in 1982 when customers were beginning to feel the effects of the 1973 oil crisis and the energy crisis of 1979. Since light trucks would often be considered less fuel-efficient, cars accounted for about ** percent of light vehicle sales back then. Thanks to improved fuel economy for light trucks and cheaper gas prices, this picture had completely changed in 2020. That year, prices for Brent oil dropped to just over ** U.S. dollars per barrel. The decline occurred in tandem with lower gasoline prices, which came to about **** U.S. dollars per gallon in 2020 - and cars only accounted for less than one-fourth of light vehicle sales that year. Four years on, prices are dropping again, after being the highest on record since 1990 in 2022.

OECD - Europe - Consumer Price Index: OECD Groups: Fuel, Electricity, and Gasoline for the OECD Europe (DISCONTINUED) was 1.14500 Index 2010=1.00 in October of 2017, according to the United States Federal Reserve. Historically, OECD - Europe - Consumer Price Index: OECD Groups: Fuel, Electricity, and Gasoline for the OECD Europe (DISCONTINUED) reached a record high of 1.22900 in February of 2013 and a record low of 0.03700 in February of 1970. Trading Economics provides the current actual value, an historical data chart and related indicators for OECD - Europe - Consumer Price Index: OECD Groups: Fuel, Electricity, and Gasoline for the OECD Europe (DISCONTINUED) - last updated from the United States Federal Reserve on July of 2025.

The consumption of oil has steadily increased over the last three decades, totaling 4.53 billion metric tons in 2023, compared to 4.42 billion metric tons consumed the previous year. The only decline during this period was observed around the 2008-2009 financial crisis and around the 2020 coronavirus pandemic. Regional oil consumption The United States and China are the countries with the highest oil consumption. Overall, oil consumption worldwide reached a new high in 2023, when it exceeded 4.5 billion metric tons for the first time. However, this growth in consumption was the highest in Asia Pacific, where figures went up by some 5.3 percent. In the United States, high consumption levels were held up by demand for petrochemicals as well as increased industrial production and demand for transportation by trucks. What is crude oil? Crude oil is a mixture of hydrocarbons from plant animal life that was formed under immense pressure. It generally exists in liquid form and can be found in underground pools or reservoirs, in small spaces within sedimentary rocks, and near the Earth’s surface as a tar (also known as oil sands). In turn, crude oil and other hydrocarbons in natural gases are refined to form petroleum products such as gasoline and jet fuel.