The Great Cryptocurrency Conspiracy of 2018....The truth, the whole truth, and nothing but the truth about cryptocurrencies—and how Wall Street and Washington are covering it up....Register Here for this FREE Event

Friday, April 6, 2012

EIA: Spot Crude Prices Near 12 Month High, Natural Gas and Power Prices Near 12 Month Low

Key wholesale energy price benchmarks for crude oil, natural gas, and electric power reflect contrasting trends over the past year. International events have contributed to higher wholesale crude oil prices, whereas high levels of domestic natural gas production coupled with mild weather and record storage inventories have lowered wholesale natural gas prices. Because natural gas remains the marginal fuel in most electric power markets and because low heating and cooling demand in recent weeks have reduced electricity demand, electric power prices remain low as well. The figures above compare recent weekly price ranges (for March 29, 2012 - April 4, 2012) to the range of wholesale prices during the past year.


graph of Daily spot prices, weekly and yearly ranges, as described in the article text


graph of Daily spot prices, weekly and yearly ranges, as described in the article text


graph of Daily spot prices, weekly and yearly ranges, as described in the article text

1 comment:

Gian Ponti said...

Higher gas prices are a new reality that must be faced by the American people. There is no technical fix to this problem until the competing factions on the issue begin to adapt and reconcile their values toward energy policy.


http://chriscrosby.net/blog/2012/03/16/americas-gas-pains/

ShareThis