Real energy prices spiked after Katrina and Rita, and may remain elevated through the spring

Period Regular Unleaded Gasoline Prices; U.S. city average; $ per gallon Natural Gas Prices; 2005 dollars per million btu WTI Crude Oil; 2005 dollars per barrel (WTI peak was $96 in 1980)
First Quarter 1990 Not Available Not Available 32.6820885
Second Quarter 1990 Not Available Not Available 26.61086718
Third Quarter 1990 Not Available Not Available 38.83190349
Fourth Quarter 1990 Not Available Not Available 46.1663471
First Quarter 1991 Not Available Not Available 31.16672374
Second Quarter 1991 1.573247031 Not Available 29.41357767
Third Quarter 1991 1.555590106 Not Available 30.4394311
Fourth Quarter 1991 1.51638014 Not Available 30.30436682
First Quarter 1992 1.40239949 Not Available 26.16229052
Second Quarter 1992 1.512115969 Not Available 29.08809526
Third Quarter 1992 1.536045911 Not Available 29.53560507
Fourth Quarter 1992 1.488370412 Not Available 27.6842304
First Quarter 1993 1.416307485 Not Available 26.58929535
Second Quarter 1993 1.452391304 Not Available 26.2893913
Third Quarter 1993 1.406230053 Not Available 23.53517753
Fourth Quarter 1993 1.387531999 Not Available 21.58898307
First Quarter 1994 1.311070179 3.078731963 19.32469611
Second Quarter 1994 1.36141759 2.535381107 23.03439088
Third Quarter 1994 1.458971349 2.116686773 23.77630547
Fourth Quarter 1994 1.414144509 2.026897881 22.5556262
First Quarter 1995 1.363318394 1.964496602 23.26555438
Second Quarter 1995 1.458544133 2.048917211 24.31465557
Third Quarter 1995 1.410957286 1.932361809 22.30545226
Fourth Quarter 1995 1.331790393 2.696668746 22.52876482
First Quarter 1996 1.361867438 4.299985546 24.35837084
Second Quarter 1996 1.537659417 2.840262618 26.63562372
Third Quarter 1996 1.472913238 2.584484725 27.25051527
Fourth Quarter 1996 1.475969072 3.707010309 29.75257732
First Quarter 1997 1.468252363 2.971701186 27.34525035
Second Quarter 1997 1.4308866 2.573766 23.756616
Third Quarter 1997 1.437005973 2.977758312 23.50132391
Fourth Quarter 1997 1.377575416 3.303188836 23.52390143
First Quarter 1998 1.233391304 2.566956522 18.70043478
Second Quarter 1998 1.229209785 2.627348337 17.11084932
Third Quarter 1998 1.19572179 2.337268482 16.40344553
Fourth Quarter 1998 1.138164958 2.204016631 14.81653065
First Quarter 1999 1.088111261 2.075145332 14.9854591
Second Quarter 1999 1.286618893 2.561042345 20.19107492
Third Quarter 1999 1.378721396 2.89778032 24.73354119
Fourth Quarter 1999 1.421037543 2.809641638 27.79093857
First Quarter 2000 1.567363482 2.949581685 32.38918033
Second Quarter 2000 1.707463958 4.062907695 32.15692754
Third Quarter 2000 1.688375906 4.966029002 35.08020636
Fourth Quarter 2000 1.651800333 7.17422629 35.2791015
First Quarter 2001 1.570915994 6.91699193 31.53141416
Second Quarter 2001 1.765341717 4.745035539 30.32255331
Third Quarter 2001 1.5707557 2.958664495 28.7228013
Fourth Quarter 2001 1.278055046 2.590458716 21.90082569
First Quarter 2002 1.234674419 2.704186047 23.0674186
Second Quarter 2002 1.477229167 3.598333333 27.911875
Third Quarter 2002 1.477653614 3.390180723 29.95129518
Fourth Quarter 2002 1.491925521 4.528432757 29.67703142
First Quarter 2003 1.665892405 6.703433544 35.79360759
Second Quarter 2003 1.597549728 5.903153833 30.39147343
Third Quarter 2003 1.670926676 5.076672486 31.47398045
Fourth Quarter 2003 1.575086057 5.280255563 32.35582928
First Quarter 2004 1.70515205 5.821463415 36.3910275
Second Quarter 2004 1.964739735 6.252997767 39.29137777
Third Quarter 2004 1.924718023 5.605116279 44.7525
Fourth Quarter 2004 1.967365738 6.476757308 48.98808294
First Quarter 2005 1.956393443 6.447358459 50.12669934
Second Quarter 2005 2.192914286 6.969857143 53.19488571
Third Quarter 2005 2.557951934 9.653528722 63.03774242

Source: FDIC. Prices adjusted for general inflation using CPI less energy deflator.

This chart also specifies when Katrina/Rita hit the Gulf Coast (third quarter 2005) and highlights the oil, natural gas, and gasoline prices at that time.