Selected national average Natural Gas prices, 1997-2003

Natural Gas Monthly, May, 2003

Table 4

Selected National Average Natural Gas Prices, 1997-2003

(Dollars per Thousand Cubic Feet)

                                              Consumer Prices
Year                                City
and                  Wellhead       Gate  Residential  Commercial
Month                Price (a)     Price        Price     Price

1997 Annual Average      2.32       3.66         6.94      5.80
1998 Annual Average      1.96       3.07         6.82      5.48
1999 Annual Average      2.19       3.10         6.69      5.33
2000 Annual Average      3.69       4.62         7.76      6.59

2001
 January                 6.82       8.91        10.12      9.50
 February                5.08       7.08        10.26      9.80
 March                   4.37       6.10         9.85      9.13
 April                   4.52       6.30        10.16      9.01
 May                     4.36       5.77        11.14      9.19
 June                    3.80       6.38        11.59      8.50
 July                    3.36       4.03        11.22      7.90
 August                  3.34       4.32        10.89      7.61
 September               2.94       3.66        10.17      6.96
 October                 2.81       3.37         8.24      6.39
 November                3.42       4.02         7.98      6.79
 December                3.44       3.90         7.30      6.35

  Annual Average         4.02       5.72         9.64      8.43

2002
 January             (E) 2.35       4.03     (R) 7.28  (R) 6.48
 February            (E) 2.14   (R) 3.78     (R) 7.27  (R) 6.43
 March               (E) 2.52       3.83     (R) 7.05  (R) 6.26
 April               (E) 3.02       4.16     (R) 7.64  (R) 6.54
 May                 (E) 3.01       4.06     (R) 8.54  (R) 6.62
 June                (E) 2.94       4.14     (R) 9.56  (R) 6.56
 July                (E) 2.89       3.90    (R) 10.15  (R) 6.52
 August              (E) 2.77       3.61    (R) 10.41  (R) 6.40
 September           (E) 2.98       4.07    (R) 10.19  (R) 6.45
 October             (E) 3.35       4.28     (R) 8.56  (R) 6.52
 November            (E) 3.59       4.58     (R) 7.98  (R) 6.74
 December            (E) 3.84   (R) 4.63     (R) 7.77  (R) 7.04

  Annual Average     (E) 2.95   (R) 4.12     (R) 7.85  (R) 6.56

2003
 January             (E) 4.47       5.01     (R) 7.99  (R) 7.29
 February            (E) 5.45       5.71         8.40      7.83

2003 YTD (c)         (E) 4.96       5.33         8.19      7.55
2002 YTD (c)         (E) 2.25       3.91         7.28      6.46
2001 YTD (c)             5.95       8.09        10.18      9.63

                                    Consumer Prices
Year                                                    Electric
and                   Commercial         Industrial        Utilities
Month                % of Total     Price  % of Total    Price

1997 Annual Average        70.8      3.59        18.1       2.78
1998 Annual Average        67.0      3.14        16.1       2.40
1999 Annual Average        66.1      3.12        18.8       2.62
2000 Annual Average        62.9      4.45        19.8       4.38

2001
 January                   72.7      8.77        22.1       9.49
 February                  71.6      7.24        21.7       7.18
 March                     69.0      6.35        20.4       5.90
 April                     66.3      6.16        19.5       5.82
 May                       60.7      5.49        17.9       5.29
 June                      59.3      4.80        17.6       4.37
 July                      54.2      4.13        18.5       3.85
 August                    53.6      4.01        18.0       3.64
 September                 53.8      3.56        18.2       3.03
 October                   59.9      3.23        18.7       2.78
 November                  64.8      3.92        18.7       3.32
 December                  67.9      3.75        19.4       3.14

  Annual Average           65.8      5.28        19.3       4.61

2002
 January               (R) 78.9      4.08    (R) 17.5       3.31
 February              (R) 79.1      3.73    (R) 18.0       3.05
 March                 (R) 79.5      3.88    (R) 17.7       3.50
 April                 (R) 75.8      3.67    (R) 23.3       3.90
 May                   (R) 73.0      4.05    (R) 21.1       3.88
 June                  (R) 72.2      3.86    (R) 22.6       3.67
 July                  (R) 71.8      3.78    (R) 20.9       3.53
 August                (R) 69.6      3.64        19.5       3.47
 September             (R) 68.8      3.86    (R) 19.7       3.76
 October               (R) 72.8      4.13    (R) 18.9       4.26
 November              (R) 79.1      4.66    (R) 19.6       4.49
 December              (R) 80.2  (R) 4.82    (R) 20.8       4.85

  Annual Average       (R) 76.7      4.01    (R) 19.9       3.77

2003
 January               (R) 81.3      5.27    (R) 22.8       5.12
 February                  78.8      6.14        22.0         NA

2003 YTD (c)               80.1      5.68        22.4         NA
2002 YTD (c)               79.0      3.91        17.7       3.18
2001 YTD (c)               72.2      8.04        21.9       8.43

(a) See Appendix A, Explanatory Note 10, for discussion of wellhead
prices.

(b) Percentage of total deliveries represented by onsystem sales, see
Figure 6. See Table 25 for State data.

(c) Year-to-date price represents months for which price information is
available in the current year. The electric utility year-to-date
wellhead, city gate residential, commercial and industrial year-to-date
price is 1 month behind the wellhead, city gate, residential,
commercial, and industrial year-to-date prices.

(R) Revised Data.

(E) Estimated Data.

NA Not Available.

Notes: Data for 1997 through 2001 are final. All other data are
preliminary unless otherwise indicated. Geographic coverage is the 50
States and the District of Columbia.

Sources: 1997-2001: Energy Information Administration (EIA) Natural Gas
Annual 2001. January 2002 through current month: EIA-857 "Monthly Report
of Natural Gas Purchases and Deliveries to Consumers," Form EIA-910,
"Monthly Natural Gas Marketer Survey," Form FERC-423, "Monthly Report of
Cost and Quality of Fuels for Electric Plants," and EIA estimates.