November 27, 2011

History Natural Gas Prices 1967 to 2010

The US Energy Information Administration tracks natural gas prices.   They have data on the prices of natural gas going back to 1967.

Here is the history of prices shown graphically.   These are the US national average prices per 1000 cubic feet of gas.


From 1967 to 2010 the price grew at an average annual rate of 5.2%.   It looks like prices grew drastically this past decade but the drop 2008 to 2010 actually lessens that trend considerably.  Between 1999 and 2010 the costs rose at a rate of 4.8%.   


Yearly data is in the table below :


Year Price
1967  $   1.04
1968  $   1.04
1969  $   1.05
1970  $   1.09
1971  $   1.15
1972  $   1.21
1973  $   1.29
1974  $   1.43
1975  $   1.71
1976  $   1.98
1977  $   2.35
1978  $   2.56
1979  $   2.98
1980  $   3.68
1981  $   4.29
1982  $   5.17
1983  $   6.06
1984  $   6.12
1985  $   6.12
1986  $   5.83
1987  $   5.54
1988  $   5.47
1989  $   5.64
1990  $   5.80
1991  $   5.82
1992  $   5.89
1993  $   6.16
1994  $   6.41
1995  $   6.06
1996  $   6.34
1997  $   6.94
1998  $   6.82
1999  $   6.69
2000  $   7.76
2001  $   9.63
2002  $   7.89
2003  $   9.63
2004  $ 10.75
2005  $ 12.70
2006  $ 13.73
2007  $ 13.08
2008  $ 13.89
2009  $ 12.14
2010  $ 11.21

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