US Energy Prices Rebound

Energy prices in the US climbed by 2.8% year-on-year in September 2025, the steepest increase since May 2024, after a 0.2% rise in the prior month. Fuel oil prices rebounded sharply (4.1% vs. -0.5% in August), while increases for utility piped gas (11.7% vs. 13.8%) and electricity (5.1% vs. 6.2%) remained strong. Meanwhile, gasoline prices edged down just 0.5%, compared with a 6.6% drop previously, indicating a sharp slowdown in the pace of decline. On a monthly basis, energy prices advanced by 1.5%, following a 0.7% increase in the prior month.

Energy prices in the US rose by 0.2% year-on-year in August 2025, after a 1.6% decline in July, ending six straight months of deflation. Prices increased for utility piped gas (13.8% vs 13.8% in July) and electricity (6.2% vs 5.5%), while declines eased for gasoline (-6.6% vs -9.5%) and fuel oil (-0.5% vs -2.9%). On a monthly basis, energy prices rose by 0.7% in August, after a 1.1% decrease in the previous month.

Energy prices in the US fell by 1.6% year-on-year in July 2025, following a 0.8% decrease in the prior month, marking the sixth consecutive month of decreases. Gasoline prices fell further (-9.5% vs -8.3% in June), along with fuel oil (-2.9% vs -4.7%), while increases in utility piped gas (13.8% vs 14.2%) and electricity (5.5% vs 5.8%) moderated. On a monthly basis, energy prices declined by 1.1% in July, after a 0.9% rise in the prior month.