EIA’s Outlook for Natural Gas Spot Price in 2024 and 2025

We report today in a companion story about the crash in the NYMEX price to $1.77/MMBtu that NGI's Spot Gas National Average jumped 36.5 cents to $2.115 yesterday based on winter weather forecasts in some states. What will the Henry Hub spot price (not the futures price, but the physically traded spot price) average for 2024 and 2025? The number crunchers at EIA (U.S. Energy Information Administration) explain their reasoning for a prediction that the average spot price will remain below $3 this year and next.

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