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 0.98¢ 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