Natural Gas Prices In 2016 Were The Lowest In Nearly 20 Years According To U.S. Energy Information A
According to The U.S. Energy Information Administration (EIA) on Friday January 13, 2017 the agency reported that natural gas prices in 2016 were at the lowest in nearly 20 years. The EIA stated that natural gas spot prices in 2016 averaged $2.49 per million British thermal units (MMBtu) at the national benchmark Henry Hub, the lowest annual average price since 1999. The monthly average price fell below $2.00/MMBtu from February through May, but later increased, ending the year at an average of $3.58/MMBtu in December. Warmer than normal temperatures for most of the year and changing natural gas demand were the main drivers of natural gas prices 2016. To learn more about natural gas prices in 2016 being at the lowest in nearly 20 years click on the picture below.