Dec. STEO Predicts 40% Higher NatGas Price for Winter 2024/25

The U.S. Energy Information Administration (EIA) issued its latest monthly Short-Term Energy Outlook yesterday, 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 would be $3.10/MMBtu in 2025 (see Oct. STEO Predicts Lower Output, NatGas Price to Avg $3.10 in 2025). Last month, the agency reduced that number by $0.20 to $2.90/MMBtu (see Nov. STEO Predicts Henry Hub Gas Price to Average $2.90 in 2025). The yo-yo continues to gyrate. Yesterday's report predicts the price will average $3.00/MMBtu for the rest of the winter and all of 2025---some 40% higher than the average price in November.

---

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