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Posted January 5, 2022Today in Energy

Retail gasoline prices rose across the United States in 2021 as driving increased ›

Rising crude oil prices and increased gasoline demand contributed to the average U.S. retail price for regular grade gasoline increasing to $3.01 per gallon (gal) in 2021, the highest average nominal price since 2014. The average price for retail gasoline increased by more than $1.00/gal between the start and the end of 2021. More

weekly U.S. average regular retail gasoline prices

Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update

Data Highlights

WTI crude oil futures price

1/4/2022: $76.99/barrels

up$1.01 from week earlier
up$29.37 from year earlier

Natural gas futures price

1/4/2022: $3.717/MMBtu

down$0.338 from week earlier
up$1.136 from year earlier

Retail heating oil price

1/3/2022: $3.396 /gal

up$0.03 from week earlier
up$0.938 from year earlier

Crude oil inventories

12/31/2021: 417.9 million barrels

down2.1 million barrels from week earlier
down67.6 million barrels from year earlier

Weekly coal production

12/25/2021: 10.159 million tons

down1.060 million tons from week earlier
up1.726 million tons from year earlier