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Import/Export Price Indexes
Bureau of Labor Statistics > Import/Export Price Indexes > Home

Louisiana and Texas: Price Movements of Top Energy Exports and Other Highlights

June 2024

Photo of a cathedral in Louisiana

Louisiana and Texas accounted for $267.8 billion in energy export trade dollar value in 2023. U.S. energy exports declined 15.2 percent in trade dollar value from 2022 to 2023. The price index for export fuels and lubricants decreased 5.1 percent in May. Despite the monthly drop, prices for fuels and lubricants increased 3.1 percent over the past 12 months. Export prices for crude petroleum, fuel oil, and light oils and other petroleum products all declined in May.

Louisiana & Texas Energy Exports by Trade Dollar Value, 2023

  • With a combined value of $267.8 billion, energy exports from Louisiana and Texas represented 82.9 percent of U.S. energy exports in 2023, down from 83.2 percent in 2022.
  • The trade dollar value of crude petroleum—the largest energy export for Louisiana and Texas—dropped 1.5 percent from 2022 to 2023, accounting for 43.2 percent of 2023 energy exports from the region.
  • Louisiana and Texas exported $50.7 billion of fuel oil in 2023, accounting for 76.3 percent of total U.S. fuel oil exports by trade dollar value.
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U.S. Export Price Indexes: Crude Petroleum

  • Export crude petroleum prices fell 6.1 percent in May.
  • The May decrease in crude petroleum export prices was the first monthly drop since a 7.5-percent decline in December 2023.
  • Despite the monthly decrease, the price index for crude petroleum advanced 10.4 percent from May 2023 to May 2024.
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U.S. Export Price Indexes: Fuel Oil

  • Export fuel oil prices decreased 9.9 percent in May.
  • Notwithstanding the monthly drop, fuel oil export prices advanced 5.8 percent over the past 12 months.
  • The 12-month rise in export fuel oil prices was the largest over-the-year advance since the index increased 23.6-percent from January 2022 to January 2023.
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U.S. Export Price Indexes: Light Oils and Other Petroleum Products

  • Export prices for light oils and other petroleum products fell 3.8 percent in May.
  • In spite of the May decrease, the export price index for light oils and other petroleum products rose 1.0 percent over the past 12 months.
  • The over-the-year increase in export prices for light oils and other petroleum products was the largest 12-month advance since the index rose 8.7 percent for the period ended January 2023.
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Top Six States Exporting Energy by Trade Dollar Value, 2023

  • Texas was the largest energy exporting state in 2023, accounting for 65.0 percent of U.S. energy exports by trade dollar value. Louisiana ranked second, exporting 17.9 percent of the U.S. total trade dollar value.
  • The dollar value of 2023 energy exports from Louisiana was more than three times the value then the next three states combined.
  • California and Pennsylvania—the third and fourth largest exporting states—accounted for 2.2 and 1.7 percent, respectively, of total U.S. energy exports in 2023.
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Southwest Information Office • BLSInfoDallas@bls.gov • https://www.bls.gov/regions/southwest/ • 972-850-4800 

 

Last Modified Date: June 26, 2024