UK Gas rose to 78.56 GBp/thm on September 1, 2025, up 0.94% from the previous day. Over the past month, UK Gas's price has fallen 7.13%, and is down 15.30% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on September of 2025.

Graph and download economic data for Average Price: Utility (Piped) Gas per Therm in U.S. City Average (APU000072620) from Nov 1978 to Jul 2025 about utilities, energy, retail, price, and USA.

The average gas price in Great Britain in June 2025 was 86.28 British pence per therm. This was four pence higher than the same month the year prior and follows a trend of increasing gas prices. Energy prices in the UK Energy prices in the UK have been exceptionally volatile throughout the 2020s. Multiple factors, such as a lack of gas storage availability and the large share of gas in heating, have exacerbated the supply issue in the UK that followed the Russia-Ukraine war. This has also led to many smaller suppliers announcing bankruptcy, while an upped price cap threatened the energy security of numerous households. The United Kingdom has some of the highest household electricity prices worldwide. How is gas used in the UK? According to a 2023 survey conducted by the UK Department for Energy Security and Net Zero, 58 percent of respondents used gas as a heating method during the winter months. On average, household expenditure on energy from gas in the UK stood at some 24.9 billion British pounds in 2023, double the amount spent just two years prior.

Graph and download economic data for Average Price: Utility (Piped) Gas per Therm in New York-Newark-Jersey City, NY-NJ-PA (CBSA) (APUS12A72620) from Nov 1978 to Dec 2024 about utilities, New York, energy, PA, NY, urban, retail, price, and USA.

The National Balancing Point (NBP), the UK's natural gas benchmark, amounted to 79.68 British pence per therm on July 28, 2025, for contracts with delivery in August. Prices are generally higher in the winter months due to greater gas heating demand, especially in weeks of colder weather. The UK NBP, along with the Dutch TTF, serve as benchmarks for natural gas prices in Europe. Impact on consumer prices and household expenditure post-2022 Fluctuations in wholesale natural gas prices often have immediate impacts on UK consumers. In 2023, the consumer price index for gas in the UK rose to 195 index points, using 2015 as the base year. This increase has translated into higher household expenditure on gas, which reached approximately 24.89 billion British pounds in 2023. This figure represents a 23 percent increase from the previous year and a staggering 91 percent rise compared to two years earlier, highlighting the growing financial burden on UK households. Consumption patterns and supply challenges The residential and commercial sector remain the largest consumers of natural gas in the UK, using an estimated 42 billion cubic meters in 2024. This was followed by the power sector, which consumed about 13 billion cubic meters. The UK's reliance on gas imports has grown due to declining domestic production. This shift has led to an increased dependence on liquefied natural gas imports and pipeline inflows to meet demand.

The average monthly price for natural gas in the United States amounted to **** nominal U.S. dollars per million British thermal units (Btu) in July 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 2023. 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 Average Price: Utility (Piped) Gas per Therm in Los Angeles-Long Beach-Anaheim, CA (CBSA) (APUS49A72620) from Nov 1978 to Dec 2024 about utilities, Los Angeles, energy, urban, CA, retail, price, and USA.

The price of gas in the United Kingdom was *** British pence per therm in the fourth quarter of 2024. It is anticipated gas prices will increase to *** pence in the second quarter of 2025 before gradually falling to just under ** pence by the second quarter of 2027.
Surging energy costs and the cost of living crisis At the height of the UK's cost of living crisis in 2022, approximately ** percent of UK households were experiencing rising prices compared with the previous month. It was during 2022 that the UK's CPI inflation rate reached a peak of **** percent, in October of that year. Food and energy, in particular, were the main drivers of inflation during this period, with energy inflation reaching **** percent, and food prices increasing by **** percent at the height of the crisis. Although prices fell to more expected levels by 2024, an uptick in inflation is forecast for 2025, with prices rising by *** percent in the third quarter of the year. Global Inflation Crisis The UK was not alone in suffering rapid inflation during this time period, with several countries across the world experiencing an inflation crisis. The roots of the crisis began as the global economy gradually emerged from the COVID-19 pandemic in 2021. Blocked-up supply chains, struggled to recover as quickly as consumer demand, with food and energy prices also facing upward pressure. Russia's invasion of Ukraine in February 2022 led to Europe gradually weening itself of cheap Russian energy exports, while for several months Ukraine struggled to export crucial food supplies to the rest of the World.

Natural gas fell to 2.97 USD/MMBtu on September 1, 2025, down 0.76% from the previous day. Over the past month, Natural gas's price has risen 1.44%, and is up 36.86% 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 September of 2025.

TTF Gas rose to 32.35 EUR/MWh on September 1, 2025, up 2.31% from the previous day. Over the past month, TTF Gas's price has fallen 5.64%, and is down 16.08% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas TTF - values, historical data, forecasts and news - updated on September of 2025.

Graph and download economic data for Average Price: Utility (Piped) Gas per Therm in Boston-Cambridge-Newton, MA-NH (CBSA) (APUS11A72620) from Nov 1978 to Dec 2024 about Boston, NH, utilities, MA, energy, urban, retail, price, and USA.

United States - Average Price: Utility (Piped) Gas per Therm in U.S. City Average was 1.64200 Index in July of 2025, according to the United States Federal Reserve. Historically, United States - Average Price: Utility (Piped) Gas per Therm in U.S. City Average reached a record high of 1.81900 in January of 2023 and a record low of 0.30400 in November of 1978. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Average Price: Utility (Piped) Gas per Therm in U.S. City Average - last updated from the United States Federal Reserve on August of 2025.

Countries in Europe have some of the highest natural gas prices for the industry in the world. In the second quarter of 2024, industrial customers in Switzerland paid approximately 0.16 U.S. dollars per megawatt hour worth of natural gas. This was considerably higher than the price of gas in natural gas producing countries such as Russia and Algeria. Determining natural gas prices Like other commodities, natural gas prices are driven by supply and demand trends. In some instances, they may also reflect developments within the oil market, as both commodities are often produced together. Natural gas prices are volatile. Seeing as the consumption of natural gas is often without alternative (e.g. within power plants), short-term changes to supply and demand have huge repercussions for the market. Weather is also a common determinant of natural gas prices. Unprecedented heat waves in the U.S. have driven up electricity demand for air conditioning and affected weekly Henry Hub natural gas prices in the hotter summer months. Natural gas demand Primary energy demand generated by natural gas worldwide is highest in North America. Nevertheless, forecasts suggest that the Asia Pacific region will experience a doubling in such demand by 2050 and overtake consumers in North America. The United States is still leading a ranking of world natural gas consumption by country. However, China has increased its LNG and gas pipeline investment portfolio, which could see it becoming an even greater consumer in the future.

United States - Average Price: Utility (Piped) Gas per Therm in the West North Central Census Division was 1.30300 Index in December of 2024, according to the United States Federal Reserve. Historically, United States - Average Price: Utility (Piped) Gas per Therm in the West North Central Census Division reached a record high of 1.64200 in June of 2022 and a record low of 0.76600 in November of 2018. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Average Price: Utility (Piped) Gas per Therm in the West North Central Census Division - last updated from the United States Federal Reserve on August of 2025.

Graph and download economic data for Average Price: Utility (Piped) Gas per Therm in Washington-Arlington-Alexandria, DC-VA-MD-WV (CBSA) (APUS35A72620) from Nov 1978 to Dec 2024 about DC, Washington, utilities, WV, MD, energy, VA, urban, retail, price, and USA.

United States - Average Price: Utility (Piped) Gas per Therm in the South Census Region - Urban was 1.94200 Index in July of 2025, according to the United States Federal Reserve. Historically, United States - Average Price: Utility (Piped) Gas per Therm in the South Census Region - Urban reached a record high of 1.95500 in March of 2025 and a record low of 0.33600 in December of 1978. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Average Price: Utility (Piped) Gas per Therm in the South Census Region - Urban - last updated from the United States Federal Reserve on September of 2025.

Wholesale price for natural gas in the United Kingdom is projected to rise from 47 to 64 British pence per therm between 2020 and 2035, respectively. Figures are expected to remain at 64 British pence per therm in 2040.

United States - Average Price: Utility (Piped) Gas per Therm in the Pacific Census Division was 1.80300 Index in December of 2024, according to the United States Federal Reserve. Historically, United States - Average Price: Utility (Piped) Gas per Therm in the Pacific Census Division reached a record high of 3.30000 in January of 2023 and a record low of 1.12700 in November of 2018. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Average Price: Utility (Piped) Gas per Therm in the Pacific Census Division - last updated from the United States Federal Reserve on September of 2025.

United States - Average Price: Utility (Piped) Gas per Therm in the East South Central Census Division was 1.66000 Index in December of 2024, according to the United States Federal Reserve. Historically, United States - Average Price: Utility (Piped) Gas per Therm in the East South Central Census Division reached a record high of 1.88100 in September of 2022 and a record low of 1.08900 in September of 2018. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Average Price: Utility (Piped) Gas per Therm in the East South Central Census Division - last updated from the United States Federal Reserve on August of 2025.

This dataset contains the information of 2010 Natural Gas consumption in therms and GJ (Gigajoule), by ZIP code, building type, and utility company.