What was natural gas highest price?

What was natural gas highest price?

Global gas prices have spiked to record highs of around $40 per mmBtu in Europe and $35 in Asia . The last time volatility spiked so aggressively in November 2018, volume in gas traded on the New York Mercantile Exchange (NYMEX) soared to a record 1.6 million contracts.

Why did natural gas prices spike in 2005?

In 2005, you can see another spike which was reflected upon the hurricanes, Rita and Katrina. Because of these hurricanes, supplies were reduced from the Gulf of Mexico. In 2008, you see a large spike in the summer and then a quick drop in prices in the winter.

What was the price of natural gas in 2009?

Natural Gas Prices – Historical Chart

Henry Hub Natural Gas Spot Price – Historical Annual Data
Year Average Closing Price Year Low
2010 $4.37 $3.18
2009 $3.94 $1.83
2008 $8.86 $5.37

What was the price of natural gas in 1980?

Decade Year-0 Year-3
1980’s 3.68 6.06
1990’s 5.80 6.16
2000’s 7.76 9.63
2010’s 11.39 10.32

Why were gas prices high 2008?

In June 2008 U.S. energy secretary Samuel Bodman said that insufficient oil production, not financial speculation, was driving rising crude prices. He said that oil production had not kept pace with growing demand.

Why did the price of natural gas drop today?

The latest drop came after the release of updated government weather forecasts projecting a warmer-than-expected winter. Natural gas prices recently took a sharper turn down as the weather in much of the country was warmer than expected.

How much does a gallon of gas cost?

Gasoline prices in selected countries worldwide in 4th quarter of 2018 (in U.S. dollars per gallon) The statistic represents gasoline prices around the world during the fourth quarter of 2018. At 5.95 U.S. dollars per gallon, gas prices in Germany were lower than in Norway, but considerably higher than in the United States.

What is the average cost of gasoline?

U.S. regular retail gasoline prices averaged $2.60 per gallon (gal) in 2019, 11 cents/gal (4%) lower than in 2018. Gasoline prices rose steadily during the first quarter of the year, rising from $2.24 on January 7 to $2.90/gal on May 6, before gradually declining through the rest of the year.

What was the gas prices in 1950?

In 1950 a gallon of gas was 18 cents and by 1959 was 25 cents. In 1950 the average cost of new car was $1,510.00 and by 1959 was $2,200.00. A few more prices from the 50’s and how much things cost. Chrysler New Yorker $4347.