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Alaska Gas Prices

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					Spring 2007

PRICES. B-1a
Crude Oil and Natural Gas Prices-History (1)

Nominal (2)
WTI, ANS West Coast, ANS and Cook Inlet Wellhead Prices
$ per barrel
FY WTI ANS West Coast Spot ANS Wellhead Wtd Average All Destinations Cook Inlet Wellhead 1978 1979 1980 1981 1982 32.98 21.12 30.63 1983 32.52 18.96 26.63 1984 30.59 17.54 25.07 1985 28.15 17.37 24.74 1986 23.11 13.36 20.72 1987 16.14 17.28 6.92 12.38 1988 18.53 16.12 10.53 15.24 1989 16.93 14.61 9.03 13.48 1990 20.06 17.22 11.90 16.14 1991 24.95 21.57 15.38 19.26

5.75

5.88 5.94

13.91 6.78

20.58 19.79

Henry Hub Natural Gas Prices
$ per million Btu
Henry Hub
-

1.46

Real 2006$ (3)
WTI, ANS West Coast, ANS and Cook Inlet Wellhead Prices
$ per barrel
FY
WTI ANS West Coast ANS Wellhead Wtd Average All Destinations Cook Inlet Wellhead

1978

1979

1980

1981

1982
70.80

1983
65.20

1984
59.78

1985
52.80

1986
41.78

1987

1988

1989

1990

1991

28.66 31.72 27.91 31.44 37.36 30.70 27.59 24.08 26.99 32.29 18.43 17.55 37.41 48.40 45.35 38.02 34.28 32.57 24.15 12.30 18.03 14.89 18.64 23.03 Cook Inlet W Cook Inlet W Cook Inlet W Cook Inlet W Cook Inlet W Cook Inlet W Cook Inlet W Cook Inlet W Cook Inlet W Cook Inlet W Cook Inlet W Cook Inlet W Cook Inlet W Cook Inlet W

Henry Hub Natural Gas Prices
$ per million Btu
2.19

(1) Data from Platt's Oilgram Price Report, Wood McKenzie and Alaska Department of Revenue's prevailing value and tax return data. Historical nominal crude oil and natural gas prices can be found on the Tax Division's web site at: www.tax.alaska.gov/sourcesbook/OilGasPrices.pdf. (2) Adjustment to "nominal" dollars is required to prepare the crude oil and natural gas price forecast. Callan Associates Inc.'s inflation rate of 2.75% was used for FY 2008 and beyond. A summary of nominal crude oil and natural gas prices can be found in at the Tax Division's web site at: www.tax.alaska.gov/sourcesbook/OilGasPrices.pdf. (3) Adjustment to "real 2006" dollars is useful to compare prices across time excluding inflation. These prices data are adjusted to real 2006 dollars based on inflation rates provided by the U.S. Department of Labor, Bureau of Labor Statistics. The data series used is the Consumer Price Index for all Urban Consumers (CPI-U) which can be found at: www.gls.gov/cpi/home.htm. A summary of real 2006 crude oil and natural gas prices can be found in at the Tax Division's web site at: www.tax.alaska.gov/sourcesbook/OilGasPrices.pdf.

Spring 2007

PRICES. B-1a
Crude Oil and Natural Gas Prices-History (1)

Nominal (2)
WTI, ANS West Coast, ANS and Cook Inlet Wellhead Prices
$ per barrel
FY WTI ANS West Coast Spot ANS Wellhead Wtd Average All Destinations Cook Inlet Wellhead 1992 20.69 16.64 11.21 13.87 1993 20.69 17.83 12.70 16.09 1994 16.69 14.05 9.46 12.34 1995 18.52 16.76 10.99 14.82 1996 19.20 17.74 12.52 15.55 1997 22.54 20.90 16.40 18.76 1998 18.04 15.86 11.70 13.76 1999 14.13 12.64 8.50 10.51 2000 24.82 23.27 18.94 21.00 2001 30.41 27.86 22.81 25.88 2002 23.87 21.78 17.09 19.64 2003 29.47 28.16 23.10 24.93 2004 33.12 31.74 26.71 27.85 2005 47.19 43.44 38.82 40.24 2006 63.01 60.80 55.33 57.06

Henry Hub Natural Gas Prices
$ per million Btu
Henry Hub 1.46 2.10 2.19 1.64 2.38 2.48 2.43 1.97 2.64 5.47 2.80 4.62 5.37 6.18 9.20

Real 2006$ (3)
WTI, ANS West Coast, ANS and Cook Inlet Wellhead Prices
$ per barrel
FY
WTI ANS West Coast ANS Wellhead Wtd Average All Destinations Cook Inlet Wellhead

1992

1993

1994

1995

1996
24.49 22.63 15.96 19.83

1997
27.98 25.94 20.35 23.28

1998
21.89 19.24 14.19 16.69

1999
16.86 15.08 10.15 12.54

2000
29.05 27.23 22.17 24.58

2001
34.30 31.43 25.74 29.20

2002
26.08 23.80 18.67 21.46

2003
31.87 30.44 24.97 26.95

2004
35.06 33.61 28.28 29.49

2005
48.38 44.54 39.80 41.26

2006
63.01 60.80 55.33 57.06

29.59 28.70 22.48 24.34 23.80 24.73 18.92 22.03 16.03 17.62 12.75 14.44 Cook Inlet W Cook Inlet W Cook Inle Cook Inlet W

Henry Hub Natural Gas Prices
$ per million Btu
2.09 2.91 2.95 2.15 3.04 3.08 2.94 2.35 3.09 6.17 3.06 5.00 5.69 6.34 9.20

(1) Data from Platt's Oilgram Price Report, Wood McKenzie and Alaska Department of Revenue's prevailing value and tax return data. Historical nominal crude oil and natural gas prices can be found on the Tax Division's web site at: www.tax.alaska.gov/sourcesbook/OilGasPrices.pdf. (2) Adjustment to "nominal" dollars is required to prepare the crude oil and natural gas price forecast. Callan Associates Inc.'s inflation rate of 2.75% was used for FY 2008 and beyond. A summary of nominal crude oil and natural gas prices can be found in at the Tax Division's web site at: www.tax.alaska.gov/sourcesbook/OilGasPrices.pdf. (3) Adjustment to "real 2006" dollars is useful to compare prices across time excluding inflation. These prices data are adjusted to real 2006 dollars based on inflation rates provided by the U.S. Department of Labor, Bureau of Labor Statistics. The data series used is the Consumer Price Index for all Urban Consumers (CPI-U) which can be found at: www.gls.gov/cpi/home.htm. A summary of real 2006 crude oil and natural gas prices can be found in at the Tax Division's web site at: www.tax.alaska.gov/sourcesbook/OilGasPrices.pdf.

Spring 2007

PRICES. B-1b
Crude Oil and Natural Gas Prices-Forecast (1)

Nominal (2)
WTI, ANS West Coast, ANS and Cook Inlet Wellhead Prices
$ per barrel
FY WTI ANS West Coast Spot ANS Wellhead Wtd Average All Destinations Cook Inlet Wellhead 2007 62.42 59.81 53.97 55.49 2008 57.22 54.72 47.50 52.66 2009 56.36 53.86 47.79 51.80 2010 56.62 54.12 49.06 52.07 2011 57.80 55.30 50.18 53.26 2012 58.52 56.02 50.68 53.98 2013 59.40 56.90 51.36 54.86 2014 43.53 41.03 35.23 38.99 2015 44.73 42.23 36.18 40.19 2016 45.96 43.46 37.23 41.43

Henry Hub Natural Gas Prices
$ per million Btu
Henry Hub
6.64 6.85 6.82 6.97 7.16 7.30 7.50 4.62 4.75 4.88

Real 2006$ (3)
WTI, ANS West Coast, ANS and Cook Inlet Wellhead Prices
$ per barrel
FY
WTI ANS West Coast ANS Wellhead Wtd Average All Destinations Cook Inlet Wellhead

2007
62.42 59.81 53.97 55.49

2008
55.69 53.26 46.23 51.25

2009
53.38 51.01 45.26 49.07

2010
52.19 49.89 45.23 48.00

2011
51.86 49.61 45.02 47.78

2012
51.10 48.91 44.25 47.13

2013
50.48 48.35 43.64 46.62

2014
36.00 33.93 29.13 32.25

2015
36.00 33.99 29.12 32.35

2016
36.00 34.04 29.17 32.45

Henry Hub Natural Gas Prices
$ per million Btu
6.64 6.66 6.46 6.43 6.43 6.38 6.38 3.82 3.82 3.82

(1) Data from the Alaska Department of Revenue's forecast model. Forecasted crude oil and natural gas prices can be found on the Tax Division's web site at: www.tax.alaska.gov/sourcesbook/OilGasPrices.pdf.


				
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