Energy Report for Nov 02, 2026

The following charts show the evolution of energy prices and their relationship with inflation. Energy remains one of the most volatile and visible components of the consumer price basket: swings in crude oil, gasoline, and natural gas can move headline inflation quickly even when core measures are more stable. In 2026, that channel has been especially active as geopolitical disruption around Middle East shipping routes has kept crude and pump prices elevated relative to a year earlier, periodically lifting household fuel costs and near-term inflation expectations.

Those energy shocks feed directly into bank-relevant risks. Higher gasoline and diesel prices squeeze household budgets and transportation-dependent businesses; natural-gas moves affect heating costs and industrial input prices with different seasonal timing. Comparing oil and gas price levels and year-over-year changes with inflation helps separate temporary energy spikes from broader, more persistent price pressure. This report tracks global oil, retail gasoline, Brent, and Henry Hub natural gas against the inflation backdrop.

Global Oil Prices

Y/Y % Change in Global Oil Prices

Crude Oil vs Retail Gasoline Prices

Inflation vs Y/Y % Change in Brent Crude Price

Y/Y % Change in Henry Hub Natural Gas Price

Inflation vs Y/Y % Change in Henry Hub Natural Gas Price

Y/Y % Change in Henry Hub Natural Gas Price vs Y/Y % Change in Brent Crude Price