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Posted January 23, 2017Today in Energy

Natural gas prices in 2017 and 2018 are expected to be higher than last year ›

In its January 2017 Short-Term Energy Outlook (STEO), EIA expects the Henry Hub natural gas spot price to average $3.55 per million British thermal units (MMBtu) in 2017 and $3.73/MMBtu in 2018, both higher than the 2016 average of $2.51/MMBtu. Higher prices in 2017 and 2018 reflect natural gas consumption and exports exceeding supply and imports, leading to lower average inventory levels. More


Source: EIA, Short-Term Energy Outlook

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Data Highlights

Retail gasoline price

1/23/2017: $2.326/gal

down$0.032 from week earlier
up$0.470 from year earlier

Retail diesel price

1/23/2017: $2.569/gal

down$0.016 from week earlier
up$0.498 from year earlier

WTI crude oil futures price

1/20/2017: $52.42/barrels

up$0.05 from week earlier
up$22.89 from year earlier

Natural gas futures price

1/20/2017: $3.204/MMBtu

down$0.215 from week earlier
up$1.066 from year earlier

Weekly coal production

1/14/2017: 15.716 million tons

up1.940 million tons from week earlier
up1.851 million tons from year earlier

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