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Table 2. U.S. Energy Information Administration | Short-Term Energy Outlook - September 2021 2020 2021 2022 Year Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2020 2021 2022 Crude (dollars per ) West Intermediate Spot Average ...... 45.34 27.96 40.89 42.50 58.09 66.19 69.75 68.29 65.13 63.82 61.32 59.33 39.17 65.69 62.37 Brent Spot Average ...... 49.97 29.52 42.97 44.34 61.12 68.91 72.67 71.29 68.63 67.32 64.98 63.33 41.69 68.61 66.04 U.S. Imported Average ...... 43.75 26.24 39.87 40.69 55.27 64.74 67.84 66.25 62.88 61.56 58.88 56.83 37.22 63.95 60.02 U.S. Refiner Average Acquisition Cost ...... 47.48 26.76 40.79 42.09 57.12 66.06 68.78 67.29 63.90 62.57 59.86 57.83 39.73 65.05 60.96 U.S. (cents per ) Refiner Prices for Resale ...... 153 104 137 133 180 217 230 207 197 204 198 182 133 210 195 Diesel ...... 160 97 124 133 178 204 211 214 206 205 201 196 129 203 202 ...... 160 87 113 121 162 180 195 208 203 195 190 188 125 192 197 Refiner Prices to End Users ...... 165 85 116 125 163 182 192 200 202 202 198 195 131 186 199 No. 6 Residual Fuel Oil (a) ...... 177 93 116 119 162 181 168 161 152 151 144 138 126 168 146 Retail Prices Including Taxes Gasoline Regular Grade (b) ...... 241 194 218 215 256 297 314 291 273 285 278 264 218 291 275 Gasoline All Grades (b) ...... 251 203 227 224 265 306 324 303 286 298 292 278 227 301 289 On-highway ...... 289 243 243 247 290 321 331 324 315 307 307 304 256 317 308 ...... 280 200 214 230 272 283 302 332 326 303 285 284 244 296 304 Natural Henry Hub Spot (dollars per thousand cubic feet) ...... 1.98 1.77 2.07 2.63 3.70 3.06 4.15 4.16 4.28 3.41 3.38 3.34 2.11 3.77 3.60 Henry Hub Spot (dollars per million Btu) ...... 1.91 1.71 2.00 2.53 3.56 2.94 4.00 4.00 4.12 3.28 3.26 3.21 2.03 3.63 3.47 U.S. Retail Prices (dollars per thousand cubic feet) Industrial Sector ...... 3.52 2.85 2.88 3.77 5.72 4.06 4.91 5.38 5.69 4.60 4.33 4.52 3.29 5.05 4.81 Commercial Sector ...... 7.13 7.63 8.49 7.53 7.55 8.84 9.66 8.88 8.73 9.03 9.13 8.03 7.48 8.39 8.61 Residential Sector ...... 9.46 11.89 17.65 10.60 9.79 13.87 18.86 12.09 10.97 13.59 17.94 11.01 10.83 11.73 11.85 U.S. Power Generation Fuel Costs (dollars per million Btu) ...... 1.93 1.91 1.93 1.92 1.91 1.92 1.98 1.99 2.02 2.02 1.99 1.96 1.92 1.95 2.00 ...... 2.39 2.08 2.26 2.87 7.26 3.27 4.16 4.42 4.76 3.53 3.42 3.56 2.39 4.69 3.75 Residual Fuel Oil (c) ...... 12.15 6.65 8.85 8.90 11.28 12.99 13.03 13.01 13.03 13.33 12.32 11.90 9.15 12.72 12.70 Distillate Fuel Oil ...... 13.27 8.39 10.37 10.54 13.59 15.40 15.85 16.52 16.15 16.07 15.16 15.17 10.73 14.93 15.59 Retail Prices (cents per kilowatthour) Industrial Sector ...... 6.38 6.63 7.08 6.53 7.15 6.90 7.26 6.58 6.96 6.84 7.16 6.57 6.66 6.97 6.89 Commercial Sector ...... 10.33 10.63 10.97 10.62 11.11 11.07 11.52 11.09 11.41 11.21 11.44 10.96 10.65 11.21 11.26 Residential Sector ...... 12.90 13.24 13.35 13.25 13.09 13.78 13.89 13.76 13.68 14.14 13.97 13.73 13.20 13.63 13.88 (a) Average for all contents. (b) Average self-service cash . (c) Includes fuel No. 4, No. 5, No. 6, and topped crude. - = no data available Notes: EIA completed modeling and analysis for this report on September 2, 2021. The approximate break between historical and forecast values is shown with historical data printed in bold; estimates and forecasts in italics. Prices are not adjusted for inflation; prices exclude taxes unless otherwise noted. Historical data: Latest data available from Energy Information Administration databases supporting the following reports: Marketing Monthly , DOE/EIA-0380; Weekly Petroleum Status Report , DOE/EIA-0208; Natural Gas Monthly , DOE/EIA-0130; Monthly , DOE/EIA-0226; and Monthly Energy Review , DOE/EIA-0035. Natural gas Henry Hub and WTI crude oil spot prices from Reuter's News Service (http://www.reuters.com). Minor discrepancies with published historical data are due to independent rounding. Forecasts: EIA Short-Term Integrated Forecasting System.