EIA price-picking dart board
The U.S. Energy Information issued its latest monthly Short-Term Energy Outlook last week, the agency's monthly best guess about where energy prices and production will go in the next 12 months. In October, the EIA predicted the average spot price for natural gas will be $3.10/MMBtu in 2025 (see Oct. STEO Predicts Lower Output, NatGas Price to Avg $3.10 in 2025). Last week, the agency reduced that number by $0.20 to $2.90/MMBtu. EIA predicted the average spot price for natural gas for all of 2024 will end up being $2.20/MMBtu, a drop of $0.10 from the October prediction. EIA analysts also predict that the average spot price will be $2.80 during the first quarter of next year.
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