Henry Hub Natural Gas Spot Prices 2005



For the week (Wednesday to Wednesday), the spot price at the Henry Hub fell 24 cents, or about 2 percent, to $13.52 per million British thermal units (mmBtu).  The Henry Hub price was $7.40, or 121 percent, above last year's level of $6.12.  This week had unusually large price swings.  There was a large decrease on Friday (October 14) due to moderate temperatures, the predicted moderate temperatures for the weekend, and a large number of nearly-full storage facilities.  News of Tropical Storm Wilma was behind the sharp increase in price on Monday (October 17).

The amount of natural gas in storage in the East Region increased 2.5% for the week ending October 14 to 1,819 billion cubic feet which was 19 billion cubic feet above the 5-year average.  Nebraska is a part of the East Region (see map) which is a major natural gas consumer, particularly in the residential and commercial sectors.  The industrial sector, which includes agriculture, is also a major consumer in this state.  Most of the gas is supplied from the Producing Region with a fair amount imported from Canada.  The Henry Hub in southern Louisiana is a major market center with interconnections for many of the pipelines that transport U.S.-produced gas to the East Region.  Furthermore, the Henry Hub is the preferred reference point for prices for most of the domestic gas destined for the East.  Therefore, market conditions and developments in the East Region and price movements and trends at the Henry Hub are usually highly correlated.

Notes:  An archive is available.  Divide the price by ten (10) to obtain the price per hundred cubic feet (ccf) or the approximate price per therm.


Natural Gas Spot Prices at the Henry Hub
2004 and 2005


Natural Gas Spot Prices at the Henry Hub 2005
[Price per Million British Thermal Units (mmBtu)]
Day Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
    1   $6.29 $6.64 $7.58   $6.36 $7.01 $8.02 $11.36   NA NA
    2   $6.38 $6.61   $6.50 $6.65   $8.37 $11.75   NA NA
    3 $5.53 $6.30 $6.72   $6.61 $6.65   $8.75   NA NA  
    4 $5.70 $6.12 $6.52 $7.80 $6.49   Holiday $8.54   NA NA  
    5 $5.84     $7.44 $6.66   $7.38 $8.61 Holiday NA   NA
    6 $5.79     $7.46 $6.67 $7.05 $7.68   $11.58 NA   NA
    7 $5.85 $6.03 $6.67 $7.51   $7.13 $7.62   $11.05 $13.68 NA NA
    8   $5.95 $6.84 $7.27   $7.22 $7.87 $8.93 $10.93   NA NA
    9   $6.20 $6.99   $6.56 $7.05   $8.71 $11.03   NA NA
  10 $6.23 $6.21 $6.90   $6.67 $7.09   $8.81   $13.28 NA  
  11 $5.96 $6.03 $6.73 $7.17 $6.63   $7.35 $9.29   $13.66 NA  
  12 $5.89     $7.34 $6.63   $7.78 $9.58 $10.66 $13.76   NA
  13 $6.05     $7.07 $6.47 $7.08 $7.78   $10.69 $13.50   NA
  14 $6.46 $5.95 $6.86 $7.02   $7.32 $8.00   $10.80 $12.80 NA NA
  15   $6.01 $7.15 $6.95   $7.39 $8.03 $9.52 $11.26   NA NA
  16   $6.11 $7.08   $6.45 $7.41   $9.69 $11.25   NA NA
  17 Holiday $6.05 $7.24   $6.41 $7.60   $9.98   $13.88 NA  
  18 $6.68 $5.88 $7.12 $6.95 $6.50   $7.77 $9.39   $13.40 NA  
  19 $6.21     $7.01 $6.39   $7.70 $9.10 $12.10 $13.52   NA
  20 $6.26     $7.10 $6.37 $7.83 $7.75   $12.83 NA   NA
  21 $6.43 Holiday $7.17 $6.93   $7.47 $7.64   $14.25 NA NA NA
  22   $5.92 $7.25 $7.06   $7.40 $7.40 $9.44 $15.27   NA NA
  23   $6.02 $7.11   $6.34 $7.50   $9.95 $15.27   NA NA
  24 $6.41 $6.32 $7.08   $6.45 $7.47   $10.00   NA NA  
  25 $6.46 $6.27 Closed $7.27 $6.33   $7.38 $9.77   NA NA  
  26 $6.44     $7.08 $6.30   $7.46 $9.86 NA NA   NA
  27 $6.50     $7.11 $6.22 $7.29 $7.50   NA NA   NA
  28 $6.24 $6.64 $6.94 $6.66   $7.05 $7.69   NA NA NA NA
  29     $6.94 $6.65   $7.07 $7.77 NA NA   NA NA
  30     $7.17   Holiday $7.01   $12.35 NA   NA NA
  31 $6.15   $7.47   $6.31     $12.70   NA    

Sources:  Natural Gas Weekly Update.   Energy Information Administration, Washington, DC.  Nebraska Energy Office, Lincoln, NE.

Note:  NA = Not available.

This table was updated on October 20, 2005.  Typically, there is one week between updates.

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