As we look back on the year that has just gone, we look back on one of the most volatile years in the history of energy markets.
- Jan 02, 2023, 12:00 PM CST
Diesel and gasoline both typically trade in phase with each other, but the diesel premium jumped significantly this year due to high demand and Russian supply issues.The year 2022 was one of the most volatile we have ever seen in the energy markets. Oil prices have been extremely volatile in the past, but in 2022 natural gas prices, gasoline prices, and diesel prices all swung wildly — and sometimes out of sync with each other. the price of West Texas Intermediate crude oil was $75.99/bbl.
Natural gas prices averaged $4.38 per Million British Thermal Units in January, and prices usually fall in subsequent months as winter ends. However, in 2022 prices soared to above $8.00/MMBtu in May, and then to nearly $9.00/MMBtu by August. For prices to surge so high in late spring and summer is highly unusual, and again something we haven’t seen since 2008.Finally, we come to the diesel and gasoline picture. Typically, both trade in phase with each other, and with oil prices.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warning as Belfast emergency departments 'exceptionally busy' on New Year's DayA warning has been issued as emergency departments in Belfast are 'exceptionally busy' on New Year's Day
Read more »
Arsenal 'looking a bit special' as ex-Spurs star admits worry over title chargeFormer Tottenham man Jamie O’Hara is fearing that a past bet will come back to haunt him after admitting arch rivals Arsenal are ‘looking a bit special’ this season. The Gunners g…
Read more »
I got dress-coded at work - people say looking good must be a crimeA WOMAN got dress-coded at work but people aren’t sure why — they think her looking good must be the crime. The content creator shared the outfit video that got her dress-coded with her TikTo…
Read more »
Arsenal 'looking a bit special' as ex-Spurs star admits worry over title chargeFormer Tottenham ace Jamie O’Hara is fearing that a past bet will come back to haunt him after admitting arch rivals Arsenal are ‘looking a bit special’. The Gunners go into the N…
Read more »
8 luxe-looking pyjama sets from £13 we'll be living in this JanuaryThere’s only one kind of party we’re having this January: a pyjama party Here are our pick of the best nightwear buys from £13 that look chic but also deliver on comfort
Read more »
Rio Ferdinand urges Man Utd star to leave in January after not starting v WolvesRio Ferdinand believers Harry Maguire should be immediately looking to leave Manchester United after Luke Shaw was selected ahead of him against Wolves.
Read more »