EIA Short-Term Energy Outlook, January 10, 2006 release, overview:
Prices for crude oil, petroleum products, and natural gas are projected to remain high through 2006 before starting to weaken in 2007. For example, the price of West Texas Intermediate (WTI) crude oil, which averaged $56 per barrel in 2005, is projected to average $63 per barrel in 2006 and $60 in 2007. Retail regular gasoline prices, which averaged $2.27 per gallon in 2005, are projected to average $2.41 in 2006 and $2.33 in 2007. Henry Hub natural gas prices, which averaged $9.00 per thousand cubic feet (mcf) in 2005, are projected to average $9.80 in 2006 and $8.84 in 2007.
2005-2006 winter residential space-heating expenditures are projected to be higher relative to the winter of 2004-05 due to higher energy prices. On average, households heating primarily with natural gas likely will spend $257 (35 percent) more for fuel this winter than last winter. Households heating primarily with heating oil can expect to pay, on average, $275 (23 percent) more this winter than last.
Detailed information on all sectors of the energy market, along with graphical and tabular data for both projected and historical data can be found here.
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