In a noteworthy development, the Henry Hub natural gas price for May 2024 has been unveiled at US $1.78 per million British thermal units (MMBtu). This marks a significant 6% increase from April 2024, when prices stood at US $1.68 per MMBtu. More strikingly, this May’s price represents a dramatic 98% decrease compared to the same period last year (May 2023), when prices were recorded at US $2.1 per MMBtu. This volatility underscores the dynamic nature of the natural gas market, influenced by factors such as supply levels, global economic conditions, and energy demand trends.
Following a prolonged decline over the past five months, the Henry Hub natural gas price saw a reversal in trend during April and May 2024.
