Tags: acquisition, crude oil, diesel fuel, energy information administration, gasoline, heating oil, jet fuel, petroleum products, refiner, term energy outlook, u s energy, west texas intermediate,
Table 2. U.S. Energy Nominal Prices
Energy Information Administration/Short-Term Energy Outlook - August 2008
2007 2008 2009 Year
1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th 2007 2008 2009
Crude Oil (dollars per barrel)
West Texas Intermediate Spot Average .............. 58.08 64.97 75.46 90.75 97.94 123.95 126.46 128.00 128.33 125.00 122.00 119.00 72.32 119.09 123.58
Imported Average ................................................. 53.13 62.30 70.38 82.44 89.73 115.63 118.39 120.46 121.33 118.00 115.01 112.02 67.13 111.11 116.59
Refiner Average Acquisition Cost ........................ 53.95 62.44 71.34 83.96 91.15 117.09 119.68 122.02 122.85 119.49 116.52 113.49 68.09 112.68 118.03
Petroleum Products (cents per gallon)
Refiner Prices for Resale
Gasoline ............................................................ 176 238 222 234 249 317 317 319 326 329 320 303 218 301 319
Diesel Fuel ........................................................ 184 212 224 257 284 365 360 360 363 366 352 335 220 342 354
Heating Oil ........................................................ 170 196 208 250 269 347 354 352 351 346 331 321 206 321 339
Refiner Prices to End Users
Jet Fuel ............................................................. 181 209 220 258 284 361 365 361 365 365 352 337 217 343 355
No. 6 Residual Fuel Oil (a) ............................... 111 129 144 174 187 218 257 252 249 233 225 227 139 230 234
Propane to Petrochemical Sector ..................... 95 111 119 146 145 165 168 167 166 155 156 165 117 160 161
Retail Prices Including Taxes
Gasoline Regular Grade (b) .............................. 236 302 285 297 311 376 388 381 387 391 384 368 281 365 382
Gasoline All Grades (b) .................................... 241 306 290 302 316 381 393 386 392 396 389 373 285 370 387
On-highway Diesel Fuel .................................... 255 281 290 327 353 439 448 433 436 439 425 409 288 418 427
Heating Oil ........................................................ 250 261 268 316 340 402 424 431 435 421 399 397 272 388 418
Propane ............................................................ 203 211 205 238 250 265 263 273 277 259 246 264 215 261 266
Natural Gas (dollars per thousand cubic feetf)
Average Wellhead .............................................. 6.37 6.89 5.90 6.39 7.62 9.86 9.22 8.79 8.92 7.68 7.47 8.07 6.39 8.88 8.03
Henry Hub Spot .................................................. 7.41 7.76 6.35 7.19 8.92 11.73 9.87 9.64 9.98 8.62 8.34 9.12 7.17 10.04 9.01
End-Use Prices
Industrial Sector ................................................ 7.97 8.07 6.74 7.50 8.91 11.18 10.07 9.92 10.58 9.15 8.57 9.33 7.58 10.00 9.43
Commercial Sector ........................................... 11.35 11.59 11.23 10.99 11.37 13.41 13.80 13.35 13.55 12.39 12.13 12.49 11.30 12.65 12.87
Residential Sector ............................................ 12.31 14.18 16.41 12.65 12.46 15.61 19.03 15.68 15.17 15.10 17.13 14.21 13.00 14.36 15.04
Electricity
Power Generation Fuel Costs (dollars per million Btu)
Coal .................................................................. 1.76 1.78 1.78 1.79 1.91 1.97 1.95 1.91 1.93 1.95 1.94 1.91 1.78 1.94 1.93
Natural Gas ...................................................... 7.35 7.62 6.55 7.18 8.67 10.88 9.61 9.22 9.73 8.46 8.02 8.87 7.09 9.64 8.64
Residual Fuel Oil (c) ......................................... 7.18 8.36 8.53 10.71 13.34 14.07 16.23 15.81 15.62 14.64 14.11 14.21 8.40 15.03 14.61
Distillate Fuel Oil ............................................... 12.44 14.48 14.75 18.96 18.89 24.88 26.40 25.98 26.00 25.50 24.41 23.64 15.17 24.05 24.88
End-Use Prices (cents per kilowatthour)
Industrial Sector ................................................ 6.1 6.3 6.7 6.3 6.4 6.8 7.2 6.8 6.8 7.3 7.9 7.5 6.4 6.8 7.4
Commercial Sector ........................................... 9.3 9.7 10.0 9.6 9.6 10.2 10.8 10.3 10.3 11.1 11.8 11.4 9.7 10.2 11.2
Residential Sector ............................................ 10.0 10.9 11.0 10.6 10.3 11.3 11.8 11.3 11.2 12.5 13.0 12.4 10.6 11.2 12.3
- = no data available
(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.
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 historical data are due to independent rounding.
Projections: Generated by simulation of the EIA Regional Short-Term Energy Model.