NYSERDA Reports Mixed Energy Markets Amid Global Uncertainties
The New York State Energy Research and Development Authority (NYSERDA) released its weekly energy and fuel markets report for August 14, 2026. The report covers various energy commodities, including crude oil, natural gas, gasoline, diesel, propane, heating fuels, inventories, and regional prices.
The global factors influencing the market include the Iran war, Russian-Ukraine conflict, petroleum demand, refinery operations, U.S. trade policies, and geopolitical uncertainties. Domestic factors such as seasonal summer temperatures, global energy pricing, and U.S. economic policy also play a role in shaping the markets.
The spot prices for West Texas Intermediate (WTI) and Brent crude oil declined from the previous week but remained higher than a year earlier. Propane at Mt. Belvieu and natural gas at Henry Hub were roughly unchanged week over week. Regional inventories showed propane stocks up 26% from the previous week, while natural gas and ultra-low sulfur diesel inventories increased, and total gasoline inventories decreased.
The report also highlights that New York retail prices for heating fuels, heating oil, propane, and kerosene, were within 1% of the prior survey, as were transportation fuel prices. The National Oceanic and Atmospheric Administration (NOAA) forecasts indicate leaning above to near normal temperatures for the 6-10 day period and near normal to leaning below for the 8-14 day period, with precipitation leaning above normal for both periods.
The report includes data on national crude inventories, refinery utilization, and East Coast petroleum product movements. The average retail price for regular gasoline in New York was $4.208 per gallon, down 0.4% from the prior week but up 32.5% from a year ago. On-road diesel averaged $5.623 per gallon, up 0.7% from the prior week and 43.4% higher than the previous year.