EIA April STEO Lowers Projected HH Spot Price for 2026 & 2027

The U.S. Energy Information Administration (EIA) issued its latest monthly Short-Term Energy Outlook (STEO) yesterday. The STEO is the agency’s monthly best estimate of where energy prices and production will head over the next 12 months. There was a revision to the agency’s prediction about the spot price (at the Henry Hub) for natural gas in 2026 and 2027. Just last month, EIA predicted the HH spot price would average $3.76 per million British thermal units (MMBtus) this year, and $3.85 next year (see EIA Mar. STEO Makes Big Change Down (-$0.55) re 2026 Avg Spot Price). Yesterday, those prices were revised to $3.67 in 2026 (down 9 cents) and $3.59 in 2027 (down 26 cents).

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