Summer U.S. natural gas prices are the highest since 2014
In June, the U.S. natural gas spot price at the Henry Hub averaged $3.26 per million British thermal units (MMBtu), the highest price during any summer month (April–September) since 2014. Prices in July have increased from June, averaging $3.67/MMBtu through the first two weeks of July. Spot prices for July 14 in every one of the more than 175 pricing hubs tracked by Natural Gas Intelligence exceeded $3.00/MMBtu. These hubs include supply hubs that have traditionally traded at notable discounts to the Henry Hub, such as the Eastern Gas South hub (formerly known as Dominion South), located near production activities in the Appalachia Basin, and the Waha hub, located near production activities in the Permian Basin.
US Natural Gas Prices Highest Since 2014
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Summer U S natural gas prices are the highest since 2014 - Today in Energy - U S Energy Information Administration (EIA)
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Natural Gas Forecast: Prices Rise as Rare Cold Snap Grips Central US
2021-04-20 03:00:00
Thomas Westwater,
Analyst
Natural Gas - Talking Points
Prices are at the highest level since early March as weekly gain nears 2.5%
Technical outlook for natural gas improved but bullish narrative uncertain
An unusual late-season cold snap expected to move through the central United States is driving natural gas prices higher. The heating gas is on track to make a second consecutive weekly gain, with prices nearly 2.5% higher on the increased demand expectations from the incoming cold weather. The National Weather Service (NWS) is predicting a winter storm that will see heavy snow accumulations from Colorado to Ohio.