Natural Gas - Henry Hub Prices

09-12-2025 - Over the past month, the price of natural gas at the Henry Hub has risen from $4.357 per million British thermal units (mmbtu) to $4.912/mmbtu. This increase indicates a strengthening market for natural gas, potentially driven by changes in supply-demand dynamics or seasonal factors affecting energy consumption. However, the forecast predicts a decrease to $4.739/mmbtu, a 3.5% drop from the current price of $4.912/mmbtu, suggesting a general downward trend. This forecast highlights the risk of market volatility impacting raw material prices.

The current market outlook presents mixed signals. Technical data, influenced by the Futures Curve, indicates a downward pressure of -$0.238/mmbtu. Conversely, Flows and Supply data suggest upward pressure, while Demand and Technical data point to a potential decline in raw material prices.

The U.S. Energy Information Administration (EIA) projects that the Henry Hub natural gas spot price will average $3.90/mmbtu over the winter season (November–March), with a peak of $4.25/mmbtu in January 2026. This forecast aligns with the general expectation of a downward trend in natural gas prices, as indicated by the system's forecast. Overall, while recent price increases suggest a stronger market, forecasts and technical data point to potential declines in the near future.