Natural Gas Price OutlookAfter falling for much of this year largely owing to a relatively mild winter, natural gas prices have gradually gained some ground over the past month. On 8 March, the Henry Hub Natural Gas price was USD 2.87 per one million British thermal units (MMBtu), which was up 11.9% from the same day in the previous month. Although the price was 2.6% lower on a year-to-date basis, it was up 4.0% from the corresponding day in 2018. In mid-February, prices climbed modestly as temperatures in the U.S. Midwest dropped significantly and on predictions of colder weather on the East Coast for late-February. This pushed demand estimates up 70 billion cubic feet by the end of February and prices edged higher. Nevertheless, the winter season overall was too mild to deplete inventories and price gains were consequently limited. Predictions in early-March of colder temperatures for the rest of Q1 were enough to keep prices ticking up modestly in month-on-month terms.
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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