Henry Hub Natural Gas Monthly Spot Price
The Henry Hub Natural Gas Monthly Spot Price for February 2023 was recorded at US $2.5 per MMBTu. This is a decrease of 5.66% from January 2023’s price of US $2.65 per MMBTu. Additionally, compared to the same month in the previous year, the price has dropped by 43.95%, from US $4.46 per MMBTu in February 2022.
The Henry Hub Natural Gas Price is an important benchmark for natural gas pricing in the United States, as it represents the average cost of natural gas at a specific point in Louisiana. This price is used to determine natural gas futures contracts and serves as a reference point for many other gas contracts in the US and around the world. The decrease in the Henry Hub Natural Gas Price for February 2023 could be due to several factors, such as increased natural gas supply, warmer weather reducing demand, or changes in global energy markets.