Skip to content

Henry Hub Natural Gas Prices | Monthly USA Market Data

Natural Gas Prices 2015–2025


Henry Hub Natural Gas Prices (US$/million Btu)
MonthPrice
Oct 20253.20
Sep 20252.97
Aug 20252.91
Jul 20253.19
Jun 20253.02
May 20253.12
Apr 20253.40
Mar 20254.13
Feb 20254.22
Jan 20254.10
Dec 20243.02
Nov 20242.10
Oct 20242.21
Sep 20242.25
Aug 20241.99
Jul 20242.08
Jun 20242.51
May 20242.13
Apr 20241.60
Mar 20241.50
Feb 20241.72
Jan 20243.18
Dec 20232.53
Nov 20232.71
Show earlier months, 2015–2023
Henry Hub Natural Gas Prices, 2015–2023 (US$/million Btu)
MonthPrice
Oct 20232.99
Sep 20232.64
Aug 20232.58
Jul 20232.55
Jun 20232.18
May 20232.15
Apr 20232.16
Mar 20232.30
Feb 20232.38
Jan 20233.27
Dec 20225.50
Nov 20225.28
Oct 20225.62
Sep 20227.76
Aug 20228.79
Jul 20227.26
Jun 20227.67
May 20228.14
Apr 20226.53
Mar 20224.88
Feb 20224.66
Jan 20224.33
Dec 20213.73
Nov 20215.02
Oct 20215.48
Sep 20215.11
Aug 20214.05
Jul 20213.79
Jun 20213.24
May 20212.89
Apr 20212.62
Mar 20212.56
Feb 20215.07
Jan 20212.66
Dec 20202.55
Nov 20202.58
Oct 20202.33
Sep 20201.92
Aug 20202.30
Jul 20201.72
Jun 20201.60
May 20201.75
Apr 20201.74
Mar 20201.79
Feb 20201.92
Jan 20202.03
Dec 20192.24
Nov 20192.65
Oct 20192.33
Sep 20192.58
Aug 20192.22
Jul 20192.36
Jun 20192.40
May 20192.63
Apr 20192.65
Mar 20192.94
Feb 20192.72
Jan 20193.08
Dec 20183.95
Nov 20184.14
Oct 20183.29
Sep 20183
Aug 20182.96
Jul 20182.8
Jun 20182.94
May 20182.78
Apr 20182.76
Mar 20182.69
Feb 20182.67
Jan 20183.88
Dec 20172.76
Nov 20172.99
Oct 20172.87
Sep 20172.96
Aug 20172.88
Jul 20172.96
Jun 20172.94
May 20173.12
Apr 20173.08
Mar 20172.87
Feb 20172.82
Jan 20173.26
Dec 20163.58
Nov 20162.5
Oct 20162.95
Sep 20162.97
Aug 20162.79
Jul 20162.79
Jun 20162.57
May 20161.92
Apr 20161.9
Mar 20161.7
Feb 20161.96
Jan 20162.27
Dec 20151.92
Nov 20152.08
Oct 20152.32
Sep 20152.65
Aug 20152.76
Jul 20152.83
Jun 20152.77
May 20152.84
Apr 20152.58
Mar 20152.8
Feb 20152.85
Jan 20152.97

Source: World Bank. Data as of November 2025.


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. Early 2025 prices were however once again high, and close to double their level in Q3 2024 but have declined somewhat as the year has unfolded.


Notes and definitions

Figures above are monthly natural gas spot prices [in US$ per million 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).

For earlier energy pricing data or to contact us, please send email to info@steelonthenet.com.