Natural Gas Average Annual Prices in Nebraska
by Sector


The price of natural gas has changed significantly each year since 1999 reflecting its volatility or instability.  The average annual price increased $1.26 from 1999 to 2000 and then increased another $1.72 from 2000 to 2001.  The price decreased nearly $2 from 2001 to 2002.  But over the next three years, the price had steady increases:  $1.62 from 2002 to 2003, $0.92 from 2003 to 2004, and $1.47 from 2004 to 2005.

The price of natural gas in the residential sector increased $1.44 or 16 percent from 2004 to 2005, the commercial sector price increased $1.67 or 22 percent, the industrial sector price increased $1.54 or 24 percent, and the electric power sector price increased $1.53 or 24 percent.

In 2005, the residential sector paid the highest price at $10.29 per billion cubic feet.  The commercial sector's price was $9.10, the industrial sector's price was $8.07, and the electric power sector's price was $7.96 per billion cubic feet.

The prices are in nominal dollars to provide a better comparison.


Natural Gas Average Annual Prices by Sector
Nebraska, 1970-2005
(Nominal Dollars per Billion Cubic Feet)
Year Sectors Annual
Average
End-Use Sectors Electric
Power
Commercial Industrial Residential
1970 $0.51 $0.31 $0.82 $0.26 $0.49
1971 $0.57 $0.35 $0.89 $0.30 $0.54
1972 $0.56 $0.47 $0.95 $0.37 $0.60
1973 $0.73 $0.42 $1.00 $0.41 $0.61
1974 $0.78 $0.52 $1.10 $0.48 $0.70
1975 $0.97 $0.67 $1.25 $0.61 $0.87
1976 $1.13 $0.83 $1.33 $0.79 $1.05
1977 $1.36 $1.00 $1.75 $0.94 $1.32
1978 $1.50 $1.08 $1.92 $1.08 $1.46
1979 $1.96 $1.22 $2.25 $1.41 $1.78
1980 $2.27 $2.15 $2.71 $1.77 $2.34
1981 $2.94 $2.77 $3.43 $2.33 $3.03
1982 $3.47 $3.52 $4.13 $2.94 $3.73
1983 $4.18 $3.69 $4.91 $3.17 $4.30
1984 $4.24 $3.61 $5.05 $3.31 $4.34
1985 $4.18 $3.57 $4.97 $3.49 $4.31
1986 $3.85 $3.19 $4.49 $3.12 $3.97
1987 $3.66 $2.74 $4.31 $2.50 $3.62
1988 $3.71 $2.82 $4.42 $2.62 $3.71
1989 $3.72 $2.88 $4.42 $2.30 $3.73
1990 $3.82 $2.94 $4.55 $1.96 $3.83
1991 $3.83 $2.73 $4.59 $1.92 $3.83
1992 $3.97 $2.90 $4.79 $2.32 $4.00
1993 $4.26 $3.09 $4.96 $2.66 $4.14
1994 $4.19 $3.08 $4.96 $2.00 $4.08
1995 $3.94 $2.77 $4.81 $1.61 $3.79
1996 $4.32 $3.18 $4.71 $2.01 $4.11
1997 $4.76 $3.76 $5.55 $2.80 $4.66
1998 $4.13 $3.17 $4.98 $2.36 $3.93
1999 $4.04 $3.30 $4.93 $2.74 $4.01
2000 $5.29 $4.48 $6.23 $4.48 $5.27
2001 $7.15 $5.62 $8.34 $4.16 $6.99
2002 $4.97 $4.13 $6.01 $4.16 $5.04
2003 $6.72 $5.71 $7.62 $5.50 $6.66
2004 $7.43 $6.53 $8.85 $6.43 $7.58
2005 $9.10 $8.07 $10.29 $7.96 $9.05

Sources:  State Energy Price and Expenditure Report.  Energy Information Administration, Washington, DC.  Nebraska Energy Office, Lincoln, NE.

Note:  The price of natural gas delivered to electric utility consumers includes all steam electric utility generating plants with a combined capacity of 50 MW or greater.

The table and graph were updated on June 16, 2008.  Typically, there are two years between updates.

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