Natural Gas Price OutlookPrices for natural gas in the U.S. have risen in recent weeks due to both supply- and demand-side pressures. On 9 September, the Henry Hub Natural Gas price was USD 2.92 per one million British thermal units (MMBtu). The price was 6.2% higher than on the same day last month. It was up 26.4% on a year-to-date basis and was 7.0% higher than on the corresponding date in 2015. After moving within a relatively narrow range over the summer, prices rose in late August and early September on news that production and inventories were down and that warmer-than-average weather would continue into September. Natural gas production recently took a hit since Hurricane Hermine in the Gulf of Mexico forced several platforms to shut down production as a safety precaution. There are indications that production will remain sluggish, however, as persistently low prices have discouraged further investments in additional capacity. Prices also jumped on news that inventories came in below expectations, but inventories are still above their long-term average. Weather forecasts suggesting continued warm weather in the United States have also bolstered natural gas prices because air-conditioning requires increased power generation.
Natural Gas Price History Data (USD per MMBtu)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Note: U.S. Henry Hub Natural Gas, prices in in USD per Million of British Thermal Units (MMBtu). Prices are average of period (aop).
Natural Gas Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities