Natural Gas Price OutlookNatural gas prices are up month-on-month after surging on 5 July as speculation over availability grew due to earthquakes in California, while warmer weather forecasts for several parts of the U.S. likely raised air-conditioning demand projections. On 5 July, the Henry Hub Natural Gas price was USD 2.42 per one million British thermal units (MMBtu), which was 1.7% higher than on the same day in the previous month. However, the price was down 17.7% on a year-to-date basis and was 14.7% lower than on the corresponding day in 2018. Prices trended down for most of June, due to a significant build-up of natural gas in storage over the past month, according to the most recent EIA data. In particular, the week ending 14 June saw a much larger-than-projected build-up in storage, putting downward pressure on prices. Total gas in storage rose from just under 2000 billion cubic feet (bcf) at end-May to 2400 bcf at end-June. However, prices rebounded in early July as concerns over availability and warmer-than-average weather forecasts pushed prices higher; warmer weather should lead to greater demand for air conditioning.
Natural Gas Price History Data (USD per MMBtu, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Natural Gas Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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