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Posted May 18, 2012Today in Energy

Warm weather and low natural gas prices dampen spot electricity prices this winter ›

The combination of one of the warmest winters in decades (November-March) and low spot natural gas prices contributed to low wholesale electric prices at major market locations during the winter of 2011/12. More

graph of Warm weather and low natural gas prices dampen spot electricity prices in the winter of 2011/12, as described in the article text

Source: EIA, based on SNL Energy.

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Data Highlights

Crude oil futures price

5/17/2012: $92.56/bbl

down$$4.52 from week earlier
down$7.54 from year earlier

Natural gas futures price

5/17/2012: $2.594/mmBtu

up$0.107 from week earlier
down$1.604 from year earlier

Weekly coal production

5/12/2012: 17.863 million tons

down0.022 million tons from week earlier
down2.738 million tons from year earlier

Natural gas inventories

5/11/2012: 2,667 Bcf

up61 Bcf from week earlier
up774 Bcf from year earlier

Crude oil inventories

5/11/2012: 381.6 mmbbl

up2.1 mmbbl from week earlier
up11.3 mmbbl from year earlier

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