US Natural Gas Price Forecast

Commentary 31927
August, 2019 Data:

The forecast for Natural Gas Prices is in the table at the top of this page.
Forecast-Chart.com is forecasting that Natural Gas Prices will be roughly $2.0
next September. The table shows a HDTFA of $0.8 which suggests that Natural
Gas Prices in September, 2020 could easily fall between $2.8 and $1.1. Links
to Forecasts for many other economic indicators may be found by clicking the
Economic Forecast link at the top of this page.

Average Natural Gas Prices
Last Month                                        2.2
Last Year . . . . . . . . . . . . . . . . . . . . 3.0
Last 5 Years                                     2.9
Last 10 Years . . . . . . . . . . . . . . . . . 3.4
Last 20 Years                                   4.6

Natural Gas Prices: Highs & Lows
High (Last 12 Months)                      4.1   (November, 2018)
Low (Last 12 Months)                       2.2   (August, 2019)
High (Since November, 1993)         13.4   (October, 2005)
Low (Since November, 1993)           1.4   (July, 1995)

The Natural Gas Price for August, 2019 was $2.22. That's $0.15 lower than the
July, 2019 average price which was $2.37. It is $0.74 lower than the August,
2018 price of $2.96. The fall in Natural Gas Prices from July to August
indicates that the short term Natural Gas Price trend has been down. If that
trend continues, we should see a Gas price in September, 2019 that is close to
$2.1.

Over the last year Gas prices have averaged $2.95. The average price over
the last 10 years was $3.36. Lower Natural Gas Prices over the last 12 months
compared to the average prices over the last 10 years serve as an indicator
that the long term rate trend in the Natural Gas Price is down. Gas price
expectations should be adjusted accordingly.

Our historical research covers Natural Gas Price data back to November, 1993.
The average price of Gas during that period of history was $4.04. The highest
price was $13.42. The lowest Gas price was $1.44. The high was attained in
October, of 2005. The low was achieved in July of 1995.

All Gas price figures are based on the average daily price per month.

This page provides a five year chart and a forecast for Natural Gas Prices. For
links to longer term charts, look at the links under the five year chart (above).
One link opens a ten year chart. Another opens our longest term graph on
Natural Gas Prices. Just one glance at our long term charts can provide
tremendous insight into the historical trends of the financial markets. The data
table above presents the history of Natural Gas Prices in numerical format.

Data Source: U.S. Energy Information Administration, Henry Hub Natural Gas
Spot Price [MHHNGSP], retrieved from FRED, Federal Reserve Bank of St.
Louis; https://fred.stlouisfed.org/series/MHHNGSP.

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Monthly Natural Gas Prices Index: Henry Hub, LA is plotted in gray. Source: Dow Jones & Company.
The forecast for the target month is shown in green. Other links related to this economic indicator are
below.

Natural Gas Prices Index: Henry Hub, LA - 5 Year History