Category: Forex News, News

EIA’s natural gas price forecast climbs 21%

By Published On: February 12, 20250.9 min readViews: 350 Comments on EIA’s natural gas price forecast climbs 21%

The Department of Energy’s statistical arm boosted its outlook Tuesday for U.S. natural gas prices in 2025 and 2026, tempering hopes for lower heating costs for some Americans.

The U.S. Energy Information Administration included the numbers in its latest short-term energy outlook — the first it has released under the new Trump administration. President Donald Trump pledged last year on the campaign trail to slash energy prices in half in 18 months, even as forecasts have indicated that natural gas prices could rise.

banner image

In its latest assessment, EIA said the natural gas price at the U.S. benchmark Henry Hub is expected to average $3.80 per million British thermal units in 2025 — up about 21 percent from its last forecast. EIA also raised its estimate for 2026, putting the annual average price at $4.20 per million Btus, compared with $4 in its January report.

The agency said “above-average withdrawals from underground natural gas storage” in January pushed prices higher, as did cold weather in mid-January. The Henry Hub spot price averaged $4.13 in January, EIA said, up from $3.01 in December.


Source link

Written by : Editorial team of BIPNs

Main team of content of bipns.com. Any type of content should be approved by us.

Share this article:

Leave A Comment