Energy can rewrite your unit costs inside a year.
US natural gas at Henry Hub averaged $2.03 per MMBtu in 2020 and about $6.45 in 2022, more than three times as much. In Europe, the 2022 average was nearly eight times the 2016–2020 average. A jump like that changes everything about your pricing: unit cost, unit economics, and whether you’re still making money on the products you make.
Source · US Energy Information Administration (US) · International Energy Agency (Europe)
If your prices were set in 2020, check them against this.
2020 2.03 · 2021 3.89 · 2022 6.45 · 2023 2.53 · 2024 2.19 · 2025 3.52
Source · US Energy Information Administration

