Week of October 12, 2026
Market Brief · Week of October 12, 2026
Fuel, gas, power and carbon prices for West Coast hydrogen markets
California
Diesel
EIA retail, week of Oct 5
$8.082/gal
▼ $0.099
+63% vs. last year
Natural gas, California citygate
EIA monthly average, July
$2.98/Mcf
▲ $0.31
LCFS credit
CARB weekly average, Type 1 transfers, week of Sep 14
$84.38/MT
▲ $0.42
$79.75 to $85.25
Cap and Invest allowance
Quarterly joint auction with Québec, August (auction 48)
$32.48
▲ $3.67
vs. May auction
Pacific Northwest
Diesel
EIA West Coast excluding California, week of Oct 5
$6.49/gal
▼ $0.15
+$2.40 vs. last year
Oregon CFP credit
DEQ monthly average, September
$136.55/MT
▼ $10.12
Washington CFS credit
Ecology monthly average, August
$75.93/MT
▲ $9.39
Washington Cap and Invest allowance
Quarterly auction, Sep 2 (auction 15)
$39.50
▼ $25.06
vs. Jun auction | floor $27.92
Wholesale power
NP15 (Northern California)
Day ahead on peak, weekly average, week of Oct 5
$63.05/MWh
▲ $14.85
SP15 (Southern California)
Day ahead on peak, weekly average, week of Oct 5
$63.16/MWh
▲ $25.12
Mid-C (Pacific Northwest)
ICE day ahead on peak via EIA, weekly average, week of Sep 21
$43.95/MWh
▼ $8.64
National benchmarks
U.S. diesel
EIA retail, week of Oct 5
$6.199/gal
▼ $0.183
Henry Hub spot (EIA weekly average)
EIA spot price, week ending Oct 2
$3.05/MMBtu
▲ 1.0%
The week in the data
The largest moves against the prior reading were SP15 (Southern California) (up 66.0%) and Washington Cap and Invest allowance (down 38.8%).
California: Diesel was $8.082/gal for the week of Oct 5, down $0.099 from $8.181 in the week of Sep 28, above a year earlier by 63%. Natural gas, California citygate was $2.98/Mcf for July, up $0.31 from $2.67 in June. LCFS credit was $84.38/MT for the week of Sep 14, up $0.42 from $83.96 in the week of Sep 7. Cap and Invest allowance was $32.48 at the August auction, up $3.67 from $28.81 in the May auction.
Pacific Northwest: Diesel was $6.49/gal for the week of Oct 5, down $0.15 from $6.64 in the week of Sep 28, above a year earlier by $2.40. Oregon CFP credit was $136.55/MT for September, down $10.12 from $146.68 in August. Washington CFS credit was $75.93/MT for August, up $9.39 from $66.54 in July. Washington Cap and Invest allowance was $39.50 at the Sep 2 auction, down $25.06 from $64.56 in the Jun 3 auction.
Wholesale power: NP15 (Northern California) was $63.05/MWh for the week of Oct 5, up $14.85 from $48.20 in the week of Sep 28. SP15 (Southern California) was $63.16/MWh for the week of Oct 5, up $25.12 from $38.04 in the week of Sep 28. Mid-C (Pacific Northwest) was $43.95/MWh for the week of Sep 21, down $8.64 from $52.60 in the week of Sep 14.
National benchmarks: U.S. diesel was $6.199/gal for the week of Oct 5, down $0.183 from $6.382 in the week of Sep 28. Henry Hub spot (EIA weekly average) was $3.05/MMBtu for the week ending Oct 2, up 1.0% from $3.02 in the week ending Sep 25.