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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

September 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 2.9 percent in August and 9.9 percent over the past 12 months. Export prices for crude petroleum, fuel oil, and light oils and other petroleum products all declined in August.

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 declined 6.5 percent in August.
  • The August decrease in crude petroleum export prices was the largest monthly drop since a 7.5-percent decline in December 2023.
  • The price index for crude petroleum fell 6.4 percent from August 2023 to August 2024.
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U.S. Export Price Indexes: Fuel Oil

  • Export fuel oil prices fell 11.2 percent in August.
  • The August decline in export fuel oil prices was the largest monthly drop since the index fell 15.2 percent in December 2023.
  • Fuel oil export prices decreased 23.9 percent over the past 12 months.
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U.S. Export Price Indexes: Light Oils and Other Petroleum Products

  • Export prices for light oils and other petroleum products declined 2.7 percent in August.
  • The export price index for light oils and other petroleum products decreased 11.4 percent over the past 12 months.
  • The 12-month drop in export prices for light oils and other petroleum products was the largest over-the-year decline since the index fell 13.1 percent during the period ended February 2024.
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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: September 24, 2024