Natural gas prices - Henry Hub - steelmaking costs.

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Natural Gas Prices, USA: 2015-2024.

Steelmaking input costs - natural gas


USA Natural Gas Prices (Henry Hub) in US dollars / BTU m
YearMonthGas Price
201512.97
201522.85
201532.8
201542.58
201552.84
201562.77
201572.83
201582.76
201592.65
2015102.32
2015112.08
2015121.92
201612.27
201621.96
201631.7
201641.9
201651.92
201662.57
201672.79
201682.79
201692.97
2016102.95
2016112.5
2016123.58
201713.26
201722.82
201732.87
201743.08
201753.12
201762.94
201772.96
201782.88
201792.96
2017102.87
2017112.99
2017122.76
201813.88
201822.67
201832.69
201842.76
201852.78
201862.94
201872.8
201882.96
201893
2018103.29
2018114.14
2018123.95
201913.08
201922.72
201932.94
201942.65
201952.63
201962.40
201972.36
201982.22
201992.58
2019102.33
2019112.65
2019122.24
202012.03
202021.92
202031.79
202041.74
202051.75
202061.60
202071.72
202082.30
202091.92
2020102.33
2020112.58
2020122.55
202112.66
202125.07
202132.56
202142.62
202152.89
202163.24
202173.79
202184.05
202195.11
2021105.48
2021115.02
2021123.73
202214.33
202224.66
202234.88
202246.53
202258.14
202267.67
202277.26
202288.79
202297.76
2022105.62
2022115.28
2022125.50
202313.27
202322.38
202332.30
202342.16
202352.15
202362.18
202372.55
202382.58
202392.64
2023102.99
2023112.71
2023122.53
202413.18
202421.72
202431.50
202441.60

Table last updated: 10th May 2024. Next update: ~24th June 2024.


Comment on recent commodity price trends

Note the very marked escalation in the cost of gas in mid-2022. One notes however that end-2022 Henry Hub gas prices were significantly lower than mid-year price levels, with Q1 2023 prices being lower still; and gas prices continuing to fall in Q2 2023 although rising slightly after mid-2023. Price now appear to be declining from their somewhat elevated recent positions to pre-2021 levels.


Notes and definitions

Figures above are monthly natural gas spot prices [in US $ per million metric British Thermal Units] at the Henry Hub terminal in Louisiana, USA.

The Henry Hub is a distribution hub on the natural gas pipeline system that is owned by the Sabine Pipe Line LLC (a subsidiary of EnLink Midstream Partners LP who purchased the asset from Chevron Corporation in 2014). The Henry Hub is also the pricing point for natural gas futures contracts traded on the New York Mercantile Exchange (NYMEX) and the OTC swaps traded on the Intercontinental Exchange (ICE).

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