EIA: Average Natural Gas Price Likely to Rise in 2024

The Energy Information Administration expects the U.S. benchmark natural gas spot price at the Henry Hub to average under $3 per million British thermal units (MMBtu) in 2024 and 2025. While this predicted benchmark would be less than half the annual average price in 2022, it would be higher than the $2.54/MMBtu average for 2023. 1/11/2024