Natural Gas Price Outlook
Natural 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)
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|---|
| Natural Gas | 3.76 | 4.26 | 2.63 | 2.55 | 3.02 | 3.07 |
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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Natural Gas Historical Price Chart
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Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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