Natural Gas
USD/MMBtu · Yahoo Finance
Price history
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What drives the price
Natural Gas (Henry Hub) is the NYMEX benchmark futures contract for US wholesale natural gas, priced at the Henry Hub interconnect in Erath, Louisiana. NG futures are notoriously volatile because storage capacity is bounded and demand is highly weather-sensitive.
- Weather is the dominant short-term driver — cold snaps in winter and heat waves in summer move price 10-20%
- US LNG export capacity has structurally lifted prices since 2022 by linking Henry Hub to European TTF
- Weekly EIA storage reports drive sharp moves when injections/withdrawals miss consensus
- Production-cost economics around the Marcellus shale set a soft floor at roughly $2-2.50/MMBtu
Frequently asked questions
What is Henry Hub natural gas?
Henry Hub is a natural gas pipeline interconnect in Erath, Louisiana, where roughly a dozen major pipelines converge. NYMEX NG futures settle against Henry Hub physical prices, making it the de-facto US benchmark for natural gas.
Why is natural gas so volatile?
Storage capacity is bounded (US total roughly 4 trillion cubic feet) and demand is highly weather-sensitive. A polar vortex or summer heat wave can swing weekly demand 20-30%, while storage refill cycles inject mechanical pressure into the curve.
How do EIA storage reports move the price?
The US Energy Information Administration publishes weekly natural-gas storage data every Thursday at 10:30 ET. Surprises against the consensus (typically a 30-40 Bcf injection or withdrawal) routinely move NG futures 2-5% in minutes.
How are US natural gas and European TTF connected?
US LNG export terminals (Sabine Pass, Corpus Christi, Cameron) ship liquefied gas to Europe and Asia. Since 2022, this linkage has tied Henry Hub more closely to TTF (the European benchmark) — high TTF prices pull US gas exports up, lifting Henry Hub.
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About this benchmark
Natural Gas is one of the principal benchmarks for energy markets. NowPrice publishes the live futures price (USD/MMBtu) along with intraday range and a 24-hour / 7-day / 30-day price-history chart. Data is sourced from Yahoo Finance and refreshed every 5 minutes during market hours.