Futures Prices Point to Spike in U.S. Natural Gas Prices in 2025

The benchmark natural gas prices in the United States could be set for a jump next year, according to the futures curve of the Henry Hub contract.

The forward strip of the Henry Hub futures prices suggests that U.S. natural gas prices could average $3.20 per million British thermal units (MMBtu) next year, according to LSEG data reported by Reuters columnist Gavin Maguire. This would compare to an average price of $2.22 of the benchmark U.S. natural gas price so far this year.

The futures prices indicate that next year U.S. natural gas prices could average 44% higher compared to 2024, which, if materialized, would be the steepest jump in America’s natural gas prices since 2022, Maguire notes.

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By Tsvetana Paraskova – Sep 10, 2024