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Posted January 7, 2022Today in Energy

Wholesale electricity prices trended higher in 2021 due to increasing natural gas prices ›

Average wholesale prices for electricity at major trading hubs in the United States were higher in 2021 than in 2020 as increasing costs for power generation fuels, especially natural gas, pushed electricity prices higher in the second half of 2021. Constraints on electricity supply as a result of cold weather in the central United States also created price spikes in February 2021. More ›

monthly average wholesale electricity prices at selected trading hubs

Source: Graph by the U.S. Energy Information Administration, based on S&P Global Market Intelligence data

Data Highlights

WTI crude oil futures price

1/6/2022: $79.46/barrel

up$2.47 from week earlier
up$28.83 from year earlier

Natural gas futures price

1/6/2022: $3.812/MMBtu

up$0.251 from week earlier
up$1.096 from year earlier

Weekly coal production

1/1/2022: 10.365 million tons

up0.206 million tons from week earlier
up1.041 million tons from year earlier

Natural gas inventories

12/31/2021: 3,195 Bcf

down31 Bcf from week earlier
down154 Bcf 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

Features

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