Market Brief

Hydrogen market prices

Latest readings, week of October 19, 2026

Fuel, gas, power and carbon prices for West Coast hydrogen markets, each with its recent history.

CARB weekly average, Type 1 transfers, week of Oct 12

$89.01/MTUp$6.44

Apr 20, 2026 to Oct 12, 2026

LCFS credit: Apr 20, 2026 to Oct 12, 2026. Low $65.56, high $89.01.

$65.00$70.00$75.00$80.00$85.00$90.00Apr 20, 2026Jun 22, 2026Aug 3, 2026Sep 14, 2026Oct 12, 2026

California

  • Diesel

    EIA retail, week of Oct 19

    $8.24/galUp$0.15

    26 weeks

    Diesel: 26 weeks. Low $6.07, high $8.25.

  • Natural gas, California citygate

    EIA monthly average, July

    $2.98/McfUp$0.31

    7 months

    Natural gas, California citygate: 7 months. Low $1.53, high $6.13.

  • LCFS credit

    CARB weekly average, Type 1 transfers, week of Oct 12

    $89.01/MTUp$6.44

    26 weeks

    LCFS credit: 26 weeks. Low $65.56, high $89.01.

  • Cap and Invest allowance

    Quarterly joint auction with Québec, August (auction 48)

    $32.48per allowanceUp$3.67

    4 months

    Cap and Invest allowance: 4 months. Low $27.94, high $32.48.

Pacific Northwest

  • Diesel

    EIA West Coast excluding California, week of Oct 19

    $6.66/galUp$0.16

    26 weeks

    Diesel: 26 weeks. Low $4.86, high $6.79.

  • Oregon CFP credit

    DEQ monthly average, September

    $136.55/MTDown$10.12

    11 months

    Oregon CFP credit: 11 months. Low $97.57, high $162.16.

  • Washington CFS credit

    Ecology monthly average, September

    $73.44/MTDown$2.49

    11 months

    Washington CFS credit: 11 months. Low $27.25, high $75.93.

  • Washington Cap and Invest allowance

    Quarterly auction, Sep 2 (auction 15)

    $39.50per allowanceDown$25.06

    3 months

    Washington Cap and Invest allowance: 3 months. Low $39.50, high $65.26.

Wholesale power

  • NP15 (Northern California)

    Day ahead on peak, weekly average, week of Oct 19

    $47.49/MWhUp$3.97

    26 weeks

    NP15 (Northern California): 26 weeks. Low $9.47, high $63.05.

  • SP15 (Southern California)

    Day ahead on peak, weekly average, week of Oct 19

    $38.96/MWhUp$4.90

    26 weeks

    SP15 (Southern California): 26 weeks. Low $0.34, high $72.00.

  • Mid-C (Pacific Northwest)

    ICE day ahead on peak via EIA, weekly average, week of Oct 5

    $51.09/MWhDown$1.01

    26 weeks

    Mid-C (Pacific Northwest): 26 weeks. Low $5.83, high $82.39.

National benchmarks

  • U.S. diesel

    EIA retail, week of Oct 19

    $6.28/galUp$0.10

    26 weeks

    U.S. diesel: 26 weeks. Low $4.58, high $6.53.

  • Henry Hub spot

    EIA spot price, week ending Oct 16

    $3.20/MMBtuUp$0.10

    26 weeks

    Henry Hub spot: 26 weeks. Low $2.62, high $3.34.

Public sources: U.S. Energy Information Administration, California Air Resources Board, Oregon Department of Environmental Quality, Washington Department of Ecology, California ISO, and ICE via the EIA. Each card names the period it reads. For information only; not investment, legal or tax advice.

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