Natural Gas Spot Prices Approached Record Highs in February

Last month, natural gas spot prices at several U.S. trading hubs approached record highs due to winter weather. According to the Energy Information Administration, at the benchmark Henry Hub, prices soared to $23.86 per million British thermal units (MMBtu), the highest real (inflation-adjusted) price since February 2003. Henry Hub prices averaged $5.49/MMBtu last month, the highest monthly average since February 2014. 3/15/2021