Table 2. U.S.

Energy Prices
U.S. Energy Information Administration | Short-Term Energy Outlook - March 2015
1st

2014
2nd
3rd

4th

1st

2nd

2015
3rd

4th

1st

2nd

2016
3rd

4th

98.75
108.15
94.10
97.56

103.35
109.67
98.59
101.02

97.78
101.90
93.82
96.43

73.16
76.43
71.59
73.44

47.93
54.62
44.36
46.84

47.00
56.34
43.47
46.01

53.00
59.94
49.50
51.97

60.67
67.00
57.15
59.72

67.00
72.09
63.47
65.99

71.00
76.02
67.48
70.01

71.67
76.67
68.17
70.68

70.33
75.34
66.83
69.34

93.26
99.00
89.65
92.01

52.15
59.50
48.56
51.20

70.00
75.03
66.53
69.05

272
303
303

298
300
289

276
288
276

203
240
228

156
182
182

173
185
173

173
190
178

170
209
205

190
222
215

216
233
218

213
234
219

189
231
226

262
282
274

168
192
188

202
230
219

297
249

295
244

289
243

234
194

179
131

180
118

183
131

203
148

217
161

228
169

227
173

225
171

278
230

186
132

224
168

340
348
396
397

368
375
394
382

350
358
384
369

288
296
358
330

226
234
293
285

244
252
282
265

243
251
281
262

242
250
300
289

258
266
315
302

287
295
329
304

284
293
329
301

261
270
327
310

336
344
383
372

239
247
289
282

273
281
325
305

Henry Hub Spot (dollars per thousand cubic feet) ..........

Henry Hub Spot (dollars per Million Btu) .........................
End-Use Prices (dollars per thousand cubic feet)

5.36
5.21

4.75
4.61

4.08
3.96

3.91
3.80

3.01
2.92

3.02
2.93

3.23
3.13

3.41
3.31

3.56
3.45

3.37
3.27

3.63
3.53

3.76
3.65

4.52
4.39

3.17
3.07

3.58
3.48

Industrial Sector ............................................................

Commercial Sector .......................................................
Residential Sector .........................................................
Electricity
Power Generation Fuel Costs (dollars per million Btu)

6.17
8.66
9.82

5.62
9.64
13.11

5.06
9.69
16.92

5.15
8.51
10.52

4.58
8.33
9.06

3.84
8.25
11.64

4.04
8.81
15.80

4.44
8.30
10.28

4.77
8.51
9.38

4.23
8.72
12.12

4.48
9.37
16.32

4.87
8.85
10.61

5.53
8.87
10.94

4.24
8.36
10.24

4.60
8.74
10.64

Coal ...............................................................................
Natural Gas ..................................................................
Residual Fuel Oil (c) ......................................................
Distillate Fuel Oil ...........................................................
End-Use Prices (cents per kilowatthour)

2.33
6.82
19.95
23.40

2.39
4.93
20.44
22.74

2.37
4.25
19.75
21.86

2.37
4.30
15.28
18.77

2.30
4.15
12.10
15.34

2.34
3.69
11.60
15.07

2.32
3.86
11.35
15.39

2.30
4.27
11.58
17.28

2.33
4.38
11.80
18.04

2.36
3.98
12.63
18.52

2.36
4.22
13.13
18.63

2.32
4.57
13.19
19.26

2.36
4.98
19.26
22.33

2.31
3.98
11.67
15.74

2.34
4.28
12.68
18.57

Industrial Sector ............................................................

Commercial Sector .......................................................
Residential Sector .........................................................

6.99
10.55
11.91

6.92
10.68
12.73

7.36
11.11
13.01

6.76
10.59
12.38

6.53
10.26
12.18

6.73
10.59
12.80

7.30
11.05
13.08

6.69
10.50
12.44

6.59
10.34
12.38

6.82
10.71
12.99

7.40
11.21
13.31

6.81
10.69
12.69

7.01
10.75
12.50

6.82
10.62
12.63

6.91
10.76
12.86

2014

Year
2015

2016

Crude Oil (dollars per barrel)

West Texas Intermediate Spot Average ...........................
Brent Spot Average ..........................................................
Imported Average .............................................................
Refiner Average Acquisition Cost ....................................
Liquid Fuels (cents per gallon)
Refiner Prices for Resale
Gasoline ........................................................................
Diesel Fuel ....................................................................
Heating Oil ....................................................................
Refiner Prices to End Users
Jet Fuel .........................................................................
No. 6 Residual Fuel Oil (a) ............................................
Retail Prices Including Taxes
Gasoline Regular Grade (b) ..........................................
Gasoline All Grades (b) .................................................
On-highway Diesel Fuel ................................................
Heating Oil ....................................................................
Natural Gas

- = no data available
Prices are not adjusted for inflation.
(a) Average for all sulfur contents.
(b) Average self-service cash price.
(c) Includes fuel oils No. 4, No. 5, No. 6, and topped crude.
Notes: The approximate break between historical and forecast values is shown with historical data printed in bold; estimates and forecasts in italics.
Prices exclude taxes unless otherwise noted.
Historical data: Latest data available from Energy Information Administration databases supporting the following reports: Petroleum Marketing Monthly , DOE/EIA-0380;
Weekly Petroleum Status Report , DOE/EIA-0208; Natural Gas Monthly , DOE/EIA-0130; Electric Power Monthly , DOE/EIA-0226; and Monthly Energy Review , DOE/EIA-0035.
WTI and Brent crude oils, and Henry Hub natural gas spot prices from Reuter's News Service (http://www.reuters.com).
Minor discrepancies with published historical data are due to independent rounding.
Projections: EIA Regional Short-Term Energy Model.