On September 26, 2025, the Henry Hub natural gas spot price amounted to 2.91 U.S. dollars per million British thermal units. Since 2022, spikes in prices are usually related to cold fronts impacting refiners. The European gas benchmark Dutch TTF also rose amid colder weather. What is Henry Hub? The Henry Hub price is seen as the most important benchmark for the U.S. natural gas market. As of 1990, it has been used for pricing of natural gas traded on the New York Mercantile Exchange and later the Intercontinental Exchange. The hub in question is a distribution pipeline system in Louisiana and began operating in the 1950s. The highest Henry Hub annual average prices were recorded in 2005 and 2008, when they climbed to over eight U.S. dollars per million British thermal units. Weekly average prices also reached nearly 10 U.S. dollars in 2022 as a result of global supply constraints. Natural gas export prices In recent years, the U.S. has been incentivized to build up its liquefaction and LNG export capacities as it widens the potential customer pool. With sanctions on Russian energy imports, many European countries looked to the U.S. for procuring natural gas from 2022 onward. In line with Henry Hub pricing development, the monthly LNG export price also showed volatility depending on market and geopolitical events.

Natural gas rose to 4.94 USD/MMBtu on December 3, 2025, up 2.04% from the previous day. Over the past month, Natural gas's price has risen 13.71%, and is up 62.29% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on December of 2025.

View market daily updates and historical trends for Henry Hub Natural Gas Spot Price. from United States. Source: Energy Information Administration. Track…

Graph and download economic data for Henry Hub Natural Gas Spot Price (MHHNGSP) from Jan 1997 to Oct 2025 about natural resources, gas, price, and USA.

United States Natural Gas: Spot Price: Henry Hub-I data was reported at 3.260 USD/MN BTU in 05 May 2025. This records an increase from the previous number of 3.100 USD/MN BTU for 02 May 2025. United States Natural Gas: Spot Price: Henry Hub-I data is updated daily, averaging 2.930 USD/MN BTU from Jan 1997 (Median) to 05 May 2025, with 7145 observations. The data reached an all-time high of 23.860 USD/MN BTU in 17 Feb 2021 and a record low of 1.210 USD/MN BTU in 11 Nov 2024. United States Natural Gas: Spot Price: Henry Hub-I data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under World Trend Plus’s Commodity Market – Table US.P026: Petroleum Spot Price: Energy Information Administration. Previously named as Henry Hub Released once a week (every Wednesday) with data from Wednesday to Friday of the previous week up to Tuesday of the current week. If Wednesday falls on a holiday, the data will be released on the next business day. Price spike on Feb 11 to 18, 2021 data was caused by the effect of decline in natural gas production brought about by the cold wave experienced during the month. Price spike on Jan 12, 2024 data was caused by the anticipation of increased natural gas consumption because of the weather forecast for well-below-normal temperatures for most of the United States over the long weekend. [COVID-19-IMPACT]

The average monthly price for natural gas in the United States amounted to *** nominal U.S. dollars per million British thermal units (Btu) in October 2025. By contrast, natural gas prices in Europe were about three times higher than those in the U.S. Prices in Europe tend to be notably higher than those in the U.S. as the latter benefits from being a major hydrocarbon producer. Europe's import reliance European prices for natural gas rose most notable throughout the second half of 2021 and much of 2022, peaking at over ** U.S. dollars per million Btu in August 2022. The sharp rise was due to supply chain issues and economic strain following the COVID-19 pandemic, which was further exacerbated by Russia’s invasion of Ukraine in early 2022. As a result of the war, many countries began looking for alternative sources, and Russian pipeline gas imports to the European Union declined as a result. Meanwhile, LNG was a great beneficiary, with LNG demand in Europe rising by more than ** percent between 2021 and 2024. How domestic natural gas production shapes prices As intimated, the United States’ position among the leaders of worldwide natural gas production is one of the main reasons for why prices for this commodity are so low across the country. In 2024, the U.S. produced more than ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

Graph and download economic data for Global price of Natural Gas, US Henry Hub Gas (PNGASUSUSDM) from Jan 1991 to Jun 2025 about henry hub, gas, World, and price.

United States - Henry Hub Natural Gas Spot Price was 2.19000 $ Per Mil. BTU in January of 2024, according to the United States Federal Reserve. Historically, United States - Henry Hub Natural Gas Spot Price reached a record high of 8.86000 in January of 2008 and a record low of 2.03000 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Henry Hub Natural Gas Spot Price - last updated from the United States Federal Reserve on December of 2025.

PCEPI Inflation Nowcast: sa: Contribution: Energy Prices: Natural Gas: United States: Henry Hub: Middle: Spot Price data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 2025. PCEPI Inflation Nowcast: sa: Contribution: Energy Prices: Natural Gas: United States: Henry Hub: Middle: Spot Price data is updated weekly, averaging 0.000 % from Apr 2019 (Median) to 12 May 2025, with 320 observations. The data reached an all-time high of 3.373 % in 27 Jan 2025 and a record low of 0.000 % in 12 May 2025. PCEPI Inflation Nowcast: sa: Contribution: Energy Prices: Natural Gas: United States: Henry Hub: Middle: Spot Price data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Personal Consumption Expenditure (PCE) Inflation: Headline.

Natural Gas: Storage: Net Withdrawal Rate: Germany: EWE Gasspeicher: UGS Nüttermoor H-5 data was reported at 0.000 % in 16 May 2025. This stayed constant from the previous number of 0.000 % for 15 May 2025. Natural Gas: Storage: Net Withdrawal Rate: Germany: EWE Gasspeicher: UGS Nüttermoor H-5 data is updated daily, averaging 0.000 % from May 2024 (Median) to 16 May 2025, with 379 observations. The data reached an all-time high of 1.940 % in 14 May 2024 and a record low of -3.400 % in 13 Jan 2025. Natural Gas: Storage: Net Withdrawal Rate: Germany: EWE Gasspeicher: UGS Nüttermoor H-5 data remains active status in CEIC and is reported by Gas Infrastructure Europe. The data is categorized under Global Database’s Germany – Table GIE.NG: Natural Gas: Storage: Net Withdrawal Rate: by Country, System Operator and Facility.