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Henry Hub Natural Gas Spot Prices 2006

Temperatures were below freezing in some areas in the Midwest this week. On October 11, the Henry Hub natural gas spot price was $5.65 per million British thermal units (mmBtu), which was $1.28, or 29 percent, higher than the price of $4.37 last Wednesday. This Wednesday's price of $5.65 was nearly 60 percent lower than the price of $13.76 per mmBtu on the second Wednesday in October, 2005. Last year at this time, the Henry Hub was returning to service following Hurricane Rita. The first price quotes were over $13 per mmBtu.

The amount of natural gas in storage in the East Region increased 1.9 percent to 1,951 billion cubic feet for the week ending October 6, which was 164 billion cubic feet above the five-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, 2005, and 2006

This line graph shows weekly natural gas spot prices at the Henry Hub for the years 2004, 2005, and 2006.

Natural Gas Spot Prices at the Henry Hub 2006
[Price per Million British Thermal Units (mmBtu)]
Day Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Note:NA = Not available.

1 $8.71 $6.62 $6.54 $6.24 $8.67 $5.25 NA NA
2 Holiday $8.00 $6.69 $6.68 $6.23 $8.65 $4.11 NA
3 $9.91 $8.01 $6.59 $7.05 $6.56 Holiday $7.61 $4.01 NA
4 $9.25 $7.02 $6.46 Holiday $7.44 Holiday $4.37 NA
5 $9.23 $6.88 $6.80 $6.41 $5.71 $5.46 $4.68 NA
6 $9.28 $8.26 $6.49 $7.05 $6.16 $5.28 $5.73 $4.40 NA NA
7 $7.73 $6.53 $6.80 $5.82 $5.18 $6.98 $5.64 NA NA
8 $7.88 $6.48 $6.54 $5.85 $7.06 $5.32 NA NA
9 $8.80 $7.56 $6.31 $6.56 $6.10 $7.59 $5.06 NA
10 $8.60 $7.56 $6.40 $6.83 $6.50 $5.32 $7.95 $5.16 NA
11 $8.55 $6.99 $6.81 $5.52 $7.54 $5.29 $5.65 NA
12 $8.70 $6.79 $6.35 $6.02 $5.65 $5.57 NA NA
13 $8.53 $7.36 $6.76 $6.67 $5.95 $5.93 $5.41 NA NA NA
14 $7.03 $7.14 Holiday $6.09 $6.28 $6.89 $5.08 NA NA
15 $7.31 $7.10 $5.92 $6.43 $6.90 $4.40 NA NA
16 Holiday $7.16 $7.12 $5.99 $7.04 $7.02 NA NA
17 $8.81 $7.38 $7.17 $7.22 $6.16 $6.27 $6.73 NA NA
18 $8.85 $7.61 $5.78 $6.02 $6.67 $5.03 NA NA
19 $8.21 $7.72 $5.77 $6.71 $5.89 $4.98 NA NA
20 $8.78 Holiday $7.00 $7.96 $6.62 $6.15 $4.87 NA NA NA
21 $7.40 $6.83 $7.64 $6.50 $5.90 $6.71 $4.65 NA NA
22 $7.54 $7.07 $5.90 $6.51 $6.86 $4.47 NA NA
23 $8.29 $7.23 $7.16 $6.27 $6.14 $7.19 NA NA
24 $8.25 $7.40 $7.43 $7.73 $6.01 $6.33 $7.21 NA NA
25 $8.50 $7.37 $5.86 $6.78 $7.49 $4.31 NA NA
26 $7.85 $7.18 $5.78 $5.89 $6.71 $4.36 NA NA
27 $8.18 $6.97 $7.06 $6.93 $5.97 $7.03 $4.35 NA NA NA
28 $6.68 $7.15 $6.65 $6.04 $7.25 $6.50 $4.16 NA NA
29 $7.16 Holiday $6.09 $6.24 $3.66 NA NA
30 $8.35 $7.18 $6.21 $5.83 $6.40 NA NA
31 $8.73 $6.98 $5.97 $8.05 $5.82 NA

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

This report was updated on October 16, 2006. Typically, there is one week between updates.