Latest Monthly STEO Predicts HH Spot Price to Avg $8.59 in 2H22

In its latest monthly Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) makes a startling prediction. EIA now says it expects the Henry Hub (HH) spot price to average $7.83/MMBtu in 2Q22 and then (gasp) it will average $8.59/MMBtu during the second half of 2022. Yesterday's HH price jumped $.036 to close at $7.39. As we told you yesterday, we are on a very volatile roller coaster (see NYMEX Gas Price Drops $1.76/MMBtu in 2 Days to $7.03). Expect to see big swings both up and down--but mostly up. The latest STEO also predicts we will break the all-time high production record for natgas this year too.

---

To view this content, log into your member account. (Not a member? Join Today!)