STEO Table Browser : U.S. Energy Nominal Prices

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Date Published : December 9, 2008
Next Update : January 13, 2009

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Table 2. U.S. Energy Nominal Prices
	2004	2005	2006	2007	2008
Crude Oil Prices (dollars per barrel)
West Texas Intermediate Spot Average	41.44	56.49	66.02	72.32	100.40
Imported Average	35.89	48.90	59.05	67.13	94.02
Refiner Average Acquisition Cost	36.96	50.25	60.26	68.09	95.70
Petroleum Products (cents per gallon)
Refiner Prices for Resale
Gasoline	129	167	197	218	257
Diesel Fuel	119	174	201	220	300
Heating Oil	113	162	183	207	274
Refiner Prices to End Users
Jet Fuel	121	174	200	217	304
No. 6 Residual Fuel^a	74	106	122	139	200
Propane to Petrochemical Sector	73	90	100	117	139
Retail Prices Including Taxes
Gasoline Regular Grade^b	185	227	258	281	327
Gasoline All Grades^b	189	231	262	285	332
On-highway Diesel Fuel	181	240	270	288	380
Heating Oil	162	215	248	272	330
Propane	152	176	198	215	246
Natural Gas (dollars per thousand cubic feet)
Average Wellhead	5.45	7.26	6.40	6.39	8.09
Henry Hub Spot	6.08	8.94	6.94	7.17	9.17
End-Use Prices
Industrial Sector	6.53	8.56	7.86	7.59	9.55
Commercial Sector	9.43	11.34	11.99	11.31	11.98
Residential Sector	10.75	12.70	13.75	13.00	13.58
Electricity
Power Generation Fuel Costs (dollars per million Btu)
Coal	1.36	1.54	1.69	1.78	2.03
Natural Gas	5.96	8.23	6.92	7.09	9.27
Residual Fuel Oil^c	4.73	7.00	7.80	8.40	13.74
Distillate Fuel Oil	8.13	11.53	13.21	15.17	20.48
End-Use Prices (cents per Kilowatthour)
Industrial Sector	5.3	5.7	6.2	6.4	6.9
Commercial Sector	8.2	8.7	9.5	9.7	10.3
Residential Sector	8.9	9.4	10.4	10.6	11.3

^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.

	- = no data available
	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.
	Natural gas Henry Hub spot price from NGI's Daily Gas Price Index (http://Intelligencepress.com); WTI crude oil price from Reuter's News Service (http://www.reuters.com).
	Minor discrepancies with published hstorical data are due to independent rounding.
	Projections: Generated by simulation of the EIA Regional Short-Term Energy Model.