Chart 1. Oil and Natural Gas Prices Fell Throughout 2001
Date West Texas Intermediate Crude (LS)
Dollars Per Barrel
Henry Hub (RS)
Dollars Per mmbtu
Jan 1997 $25.17 $3.32
Feb 1997 $22.21 $2.22
Mar 1997 $20.99 $1.89
Apr 1997 $19.72 $2.03
May 1997 $20.83 $2.24
Jun 1997 $19.17 $2.20
Jul 1997 $19.63 $2.19
Aug 1997 $19.93 $2.48
Sep 1997 $19.79 $2.85
Oct 1997 $21.26 $3.04
Nov 1997 $20.17 $3.02
Dec 1997 $18.32 $2.33
Jan 1998 $16.71 $2.10
Feb 1998 $16.06 $2.22
Mar 1998 $15.02 $2.24
Apr 1998 $15.44 $2.43
May 1998 $14.86 $2.15
Jun 1998 $13.66 $2.17
Jul 1998 $14.08 $2.17
Aug 1998 $13.36 $1.85
Sep 1998 $14.95 $2.02
Oct 1998 $14.39 $1.89
Nov 1998 $12.85 $2.11
Dec 1998 $11.28 $1.73
Jan 1999 $12.47 $1.85
Feb 1999 $12.01 $1.78
Mar 1999 $14.66 $1.79
Apr 1999 $17.34 $2.15
May 1999 $17.75 $2.26
Jun 1999 $17.89 $2.31
Jul 1999 $20.07 $2.31
Aug 1999 $21.26 $2.79
Sep 1999 $23.88 $2.54
Oct 1999 $22.64 $2.73
Nov 1999 $24.97 $2.36
Dec 1999 $26.08 $2.36
Jan 2000 $27.18 $2.42
Feb 2000 $29.35 $2.66
Apr 2000 $25.74 $3.04
May 2000 $28.78 $3.58
Jun 2000 $31.83 $4.29
Jul 2000 $29.77 $3.96
Aug 2000 $31.22 $4.41
Sep 2000 $33.88 $5.06
Oct 2000 $33.08 $5.02
Nov 2000 $34.40 $5.54
Dec 2000 $28.46 $8.95
Jan 2001 $29.58 $8.18
Feb 2001 $29.61 $5.62
Mar 2001 $27.24 $5.16
Apr 2001 $27.41 $5.17
May 2001 $28.64 $4.21
Jun 2001 $27.60 $3.71
Jul 2001 $26.45 $3.11
Aug 2001 $27.47 $2.96
Sep 2001 $25.88 $2.15
Oct 2001 $22.21 $2.45
Nov 2001 $19.67 $2.37
Dec 2001 $19.33 $2.42
Jan 2002 $19.67 $2.26
Feb 2002 $20.74 $2.31