Summer natural gas prices to be the lowest in last 20 years

In its July 2019 Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) expects Henry Hub natural gas spot prices for June, July, and August this year to average $2.37 per million British thermal units (MMBtu). If this happens, this price would be the lowest summer average Henry Hub natural gas price since 1998.

Namely, EIA expects Henry Hub natural gas prices to be 55 cents/MMBtu, about 19% less than last summer’s average.

In the July STEO, EIA changed its forecast for...

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