Natural Gas Price (Henry Hub)
The spot price of natural gas at the Henry Hub in Erath, Louisiana — the delivery point for NYMEX gas futures and the benchmark for US gas. Daily, in dollars per million BTU, back to 1997. This is the true spot series: continuous futures charts are back-adjusted and their historical levels are not real prices.
Henry Hub spot ($/MMBtu)
- YoY %
- -4.2%
Next release: Sep 23, 2026
Latest reading
As of September 15, 2026, Natural Gas (Henry Hub spot ($/MMBtu)) stands at $2.97 — up from $2.85 the prior reading, 90% below the January 23, 2026 record of $30.72. Gas prices are set by weather (heating and cooling demand), storage levels and, increasingly, LNG exports and data-center-driven power demand. Spikes to $10+ (2005, 2008, 2022) came from supply shocks or extreme weather; the shale boom then kept the 2010s mostly under $4. Read it alongside our weekly Natural Gas Storage page — the storage surplus or deficit vs the 5-year norm is the standard supply-side context for the price. Series history runs from 1997 to present.
Sources, methodology & freshnessLast updated 2026-09-18 · Open ↓Close ↑
Full history
Price ($/MMBtu)
Year-over-year %
The annual change in the Henry Hub spot price. Gas is the most volatile major commodity — triple-digit YoY swings are routine, driven by weather, storage and LNG export demand.
Methodology & data
Natural Gas is sourced from EIA via the Federal Reserve's FRED service (EIA via FRED (DHHNGSP), daily, dollars per million BTU, not seasonally adjusted). We pull the complete history, chart it on a daily basis, overlay SPY for context, and generate a dated plain-English reading from the latest release — with no smoothing or adjustment beyond what the chart legend states.
Every reading is stamped with its release date, last updated 2026-09-18. Maintained and reviewed by Yuriy Matso; see our methodology for the standards every series on the site is held to.
Frequently asked questions
What is the Natural Gas Price (Henry Hub)?
The spot price of natural gas at the Henry Hub in Erath, Louisiana — the delivery point for NYMEX gas futures and the benchmark for US gas. Daily, in dollars per million BTU, back to 1997. This is the true spot series: continuous futures charts are back-adjusted and their historical levels are not real prices.
How do you read Natural Gas?
Gas prices are set by weather (heating and cooling demand), storage levels and, increasingly, LNG exports and data-center-driven power demand. Spikes to $10+ (2005, 2008, 2022) came from supply shocks or extreme weather; the shale boom then kept the 2010s mostly under $4. Read it alongside our weekly Natural Gas Storage page — the storage surplus or deficit vs the 5-year norm is the standard supply-side context for the price.
Where does the Natural Gas data come from?
EIA via FRED (DHHNGSP), daily, dollars per million BTU, not seasonally adjusted. We chart the full history and publish a dated, plain-English reading with every release; the raw series is downloadable as CSV at /data/indicators/natural-gas-price.csv.
How often is Natural Gas updated?
Natural Gas is a daily series from EIA, refreshed here as soon as a new release posts to FRED.
Henry Hub spot ($/MMBtu)
- YoY %
- -4.2%
Next release: Sep 23, 2026