Henry Hub Natural Gas Spot Price Report: Oct 2023 Updates and Analysis

In October 2023, the Henry Hub Natural Gas Price experienced a notable uptick, reaching US $3.34 per MMBTu. This represents a substantial 24.6% increase compared to the preceding month, where prices stood at US $2.68 per MMBTu in September 2023. Interestingly, when juxtaposed against the same period last year (October 2022), the current price reflects a contrasting 33.4% reduction, highlighting a significant shift in market dynamics from the US $5.02 per MMBTu recorded during that time.