EIA Expects Higher Natural Gas Prices

In its latest Short-Term Energy Outlook, the U.S. Energy Information Administration forecasts that the annual natural gas spot price at the Henry Hub will rise 0.98ยข per million British thermal units (MMBtu) to average $3.01/MMBtu in 2021. The agency notes that natural gas hit its lowest average price in decades last year, but production has fallen amid those low prices. 1/13/2021