Henry Hub Natural Gas Spot Prices 2006
Natural gas spot prices fell in three of the five trading sessions this week. A cold weather front in the Midwest was not enough to offset several factors contributing to the lowest prices since last summer. The traditional heating season has only six weeks remaining, yet inventory levels are viewed as ample. The national inventory level is 43.9 percent above the five-year average. Prices for competing fuels have fallen due to the lack of sustained cold temperatures this winter. On February 15, the natural gas spot price at the Henry Hub had fallen 57 cents from last week, or seven percent, to $7.31 per million British thermal units (mmBtu). On Tuesday, February 14, the average price at the Henry Hub was $7.03 per mmBtu, the lowest price since July 1, 2005. This Wednesday's price of $7.31 was $1.30, or 22 percent, above last year's level of $6.01 per mmBtu.
Natural Gas Spot Prices at the Henry Hub
2004, 2005, and 2006
Natural Gas Spot Prices at the Henry Hub 2006
[Price per Million British Thermal Units (mmBtu)]
Sources: Natural Gas Weekly Update. Energy Information Administration, Washington, DC. Nebraska Energy Office, Lincoln, NE.
Note: NA = Not available.
This table was updated on February 16, 2006. Typically, there is one week between updates.