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Posted February 26, 2024 Today in Energy ›

Wholesale U.S. electricity prices were relatively low in 2023 ›

After a volatile 2022, average wholesale electricity prices at most major trading hubs in the Lower 48 states generally declined and traded within more narrow price ranges in 2023, according to data from S&P Global Market Intelligence. Prices decreased primarily because of lower natural gas prices, mild temperatures at the start of the year, reduced average electricity loads in many regional markets, and improved hydroelectric conditions in California and the Southwest. More

wholesale electricity prices at select trading hubs

Data source: S&P Global Market Intelligence

Data Highlights

WTI crude oil futures price

2/23/2024: $76.49/barrel

down$2.70 from week earlier
up$1.10 from year earlier

Natural gas futures price

2/23/2024: $1.603/MMBtu

down$0.006 from week earlier
down$0.711 from year earlier

Weekly coal production

2/17/2024: 10.136 million tons

down0.405 million tons from week earlier
down1.381 million tons from year earlier

Natural gas inventories

2/16/2024: 2,470 Bcf

down65 Bcf from week earlier
up265 Bcf from year earlier

Crude oil inventories

2/16/2024: 443.0 million barrels

up3.5 million barrels from week earlier
down36.1 million barrels from year earlier