Louisiana and Texas: Price Movements of Top Energy Exports and Other Highlights
Texas and Louisiana accounted for $315.1 billion in energy export trade dollar value in 2022. U.S. energy exports advanced 57.5 percent in trade dollar value from 2021 to 2022. Overall fuels and lubricants prices declined 4.2 percent in October and fell 19.3 percent over the past 12 months. Export prices for crude petroleum, fuel oil, and light oils and other petroleum products also decreased in October.
Louisiana & Texas Energy Exports by Trade Dollar Value, 2022
- With a combined value of $315.1 billion, energy exports from Texas and Louisiana represented 83.2 percent of U.S. energy exports in 2022, up from 82.3 percent in 2021.
- The trade dollar value of crude petroleum—the largest energy export for Texas and Louisiana—rose 71.3 percent from 2021 to 2022, accounting for 36.5 percent of 2022 energy exports from the region.
- Louisiana and Texas exported $63.9 billion of fuel oil in 2022, accounting for 80.8 percent of total U.S. fuel oil exports by trade dollar value.
U.S. Export Price Indexes: Crude Petroleum
- Export crude petroleum prices decreased 3.3 percent in October.
- The October decline in prices for export crude petroleum was the first monthly drop since June 2023.
- Prices for export crude petroleum rose 0.4 percent from October 2022 to October 2023.
U.S. Export Price Indexes: Fuel Oil
- Export fuel oil prices decreased 3.8 percent in October.
- Fuel oil export prices declined 18.4 percent over the past 12 months.
- Export fuel oil prices have not recorded a 12-month increase since the year ended January 2023.
U.S. Export Price Indexes: Light Oils and Other Petroleum Products
- Export prices for light oils and other petroleum products fell 6.6 percent in October.
- The price index for export light oils and other petroleum products declined 16.0 percent over the past 12 months.
- The price index for light oils and other petroleum products has not recorded a 12-month advance since the year ended February 2023.
Top Six States Exporting Energy by Trade Dollar Value, 2022
- Texas was the largest energy exporting state in 2022, accounting for 64.4 percent of U.S. energy exports by trade dollar value. Louisiana ranked second, exporting 18.9 percent of the U.S. total.
- The dollar value of 2022 energy exports from Louisiana was more than three times the value from the next four states combined.
- California and Virginia—the third and fourth largest exporting states—accounted for 1.7 and 1.6 percent, respectively, of total U.S. energy exports in 2022.
Southwest Information Office • BLSInfoDallas@bls.gov • https://www.bls.gov/regions/southwest/ • 972-850-4800
Last Modified Date: November 24, 2023