Waiting even a short time to begin putting aside money is a huge mistake because it has an outsized effect on the amount of money you'll end up with. Reserves, production, prices, employment and productivity, distribution, stocks, imports and exports. European Union Natural Gas Import Price is at a current level of 4.890, up from 3.952 last month and down from 5.057 one year ago. Please do not hesitate to contact me. Natural gas prices are of particular importance for international competitiveness, as natural gas might represent a significant proportion of total energy costs for industrial and service-providing businesses. January 7, 2020. Illinois (+14 cents), Ohio (+9 cents), Michigan (+7 cents) and Indiana (+5 cents) rank among the top 10 states with the largest weekly increases. The prices shown are in U.S. dollars. The highest recorded yearly average, $3.60, occurred in 2012. Come test out some of the products still in development and let us know what you think! Stocks could draw in coming weeks should the region be tapped to help make up for the declining stocks in the Northeast due to the pending shutdown of the PES refinery. The main driver in the reduction of gas non-household prices is the decrease of the cost of energy. Comparison between the 2018 and 2019 prices are made in national currencies to exclude exchange rate fluctuations between national currencies and the euro. Has the National Average Peaked for the Year? Sign up for email subcriptions to receive messages about specific EIA products. Corporate solution including all features. We observe the highest taxes in Denmark where taxes and levies correspond to 61.7 % of the final price. The Netherlands (63.1 %), Finland (36.5 %) and Denmark (35.9 %) registered the highest shares of taxes. Gas figures typically hit their highest point in the spring as gasoline sold during the warmer months is more expensive to produce than winter blends and more people on the road increases demand. That's 3 cents less than 2018's average of $2.73. This page has been accessed 101,013 times. Cost of energy was the main driver for the increases in France and Croatia. State energy information, including overviews, rankings, data, and analyses. However, pump prices would likely see only moderate fluctuations. Regional refinery utilization jumped from 93% to 97% according to EIA’s data for the week ending June 28. We observe the largest decreases in Latvia (-29.4 %), Lithuania (-19.8 %) and Sweden (-16.0 %). Prices correspond to the basic price for natural gas, including all non-recoverable taxes and levies. Statista. prices, natural gas, Have a question, comment, or suggestion for a future article? Cost of energy was the main factor for price reduction in Latvia, while both affected prices in Lithuania and Portugal. This is a change of 23.72% from last month and … Chart. Lower natural gas prices in 2019 supported higher consumption—particularly in the electric generation sector—and higher natural gas exports. Copyright © 2015 AAA, All Rights Reserved. Dollars per Gallon). Are you interested in testing our corporate solutions? Household gas prices fell in 18 of the 24 EU-27 Member States which report natural gas prices in the household sector, during the first half of 2020, when compared to the first half of 2019. These prices display the same trend as observed for household consumers (see Figure 2) but without the seasonal effect. Do you like to keep up-to-date with historical data for the national average on gas prices compared to where you live or are travelling to? The European Commission thus published such a report also in 2016 and 2018. Principal contributor: Victoria Zaretskaya, Tags: But that's still more than what drivers paid in recent years. Due to concerns about the economy and a glut of petroleum production, December's gas prices were the lowest of the year with nearly 20 percent of states enjoying prices below $2 per gallon, according to the American Automobile Association (AAA). Cyprus and Malta do not report natural gas prices in the non-household sector. “The majority of motorists can expect more expensive gas prices throughout July, but the national average is still not likely to hit $3/gallon.”. Natural gas consumption in the residential and commercial sectors increased by 2% in 2019 compared with 2018, based on the U.S. Energy Information Administration’s (EIA) monthly data through October and estimates for November and December. Texas’s Freeport LNG exported its first cargo from the newly commissioned Train 1 in September, followed by its first export cargo from Train 2 in December. Largest increases in gas prices for household consumers in the Netherlands, France and Croatia. The price of energy in the EU depends on a range of different supply and demand conditions, including the geopolitical situation, the national energy mix, import diversification, network costs, environmental protection costs, severe weather conditions, or levels of excise and taxation. All figures are consumer retail prices and include taxes, levies and VAT. This is the official newsroom of AAA, a not-for-profit organization that provides its members with travel, insurance, financial and automotive services and information. Washington ($3.34), Nevada ($3.29), Alaska ($3.22) and Oregon ($3.21) follow. In the last 15 days, state averages have jumped, pushing up the national average nearly a dime to $2.75. Gas Price Charts. With the introduction of Regulation (EU) No 2016/1952, the definition was changed from industrial to non-household consumers in order to have a unique methodology for all reporting countries. In 2019, natural gas spot prices at the national benchmark Henry Hub in Louisiana averaged $2.57 per million British thermal units (MMBtu), about 60 cents per MMBtu lower than in 2018 and the lowest annual average price since 2016. Some EU Member States anticipated the liberalisation process, while others were much slower in adopting the necessary measures. You only have access to basic statistics. For household consumers (defined for the purpose of this article as medium-sized consumers with an annual consumption between 20 Gigajoules (GJ) and 200 GJ), natural gas prices in the first half of 2020 were highest among the EU-27 Member States in the Netherlands, Sweden and France (see Figure 1), and lowest in Romania, Hungary and Latvia. You never know what President Trump might do or say.". Non-household gas prices in the EU-27 highest in the Netherlands (EUR 0.0520 per kWh) and lowest Belgium (EUR 0.0209 per kWh) during the first half of 2020. Motorists are likely to see gas prices continue to decrease amid strong utilization and healthy stock levels. Philadelphia's peak price is forecast at $3.30. “In some respects, putting an accurate forecast together for fuel prices in 2019 feels like playing darts blind and hoping for a bullseye," DeHaan said. Figure 2 presents the development of natural gas prices for household consumers in the EU-27 since the first half of 2008. In 2019, natural gas spot prices at the national benchmark Henry Hub in Louisiana averaged $2.57 per million British thermal units (MMBtu), about 60 cents per MMBtu lower than in 2018 and the lowest annual average price since 2016. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. facts. New, Figures and insights about the advertising and media world, Industry Outlook