Natural Gas Price
Returns the Henry Hub natural gas spot price in dollars per million BTU. Henry Hub is the primary pricing point for natural gas in the United States.
Data Details
| Attribute | Value |
|---|---|
| Source | U.S. Energy Information Administration (EIA) / FRED |
| Frequency | Daily/Weekly |
| Unit | Dollars per million BTU |
| Location | Henry Hub, Louisiana |
Notes
- Henry Hub is the benchmark pricing point for U.S. natural gas
- Prices are highly seasonal (higher in winter, lower in summer)
- Important for utilities, heating, and industrial consumers
Examples
Current natural gas price per MMBTU
=NaturalGasPrice()*10When to Use
- Tracking energy prices
- Utility cost analysis
- Commodity market research
- Industrial cost planning
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Need gasoline price | GasolinePrice() |
| Need crude oil price | CrudeOilPrice() |
| Need energy inflation | ConsumerPriceindexEnergy() |
Common Issues & FAQ
Q: What unit is the result in? A: Dollars per million BTU (British Thermal Units).
Q: What is Henry Hub? A: Henry Hub is a natural gas pipeline hub in Louisiana that serves as the benchmark pricing point for U.S. natural gas.
Q: Why are natural gas prices seasonal? A: Demand increases in winter for heating, which typically pushes prices higher.
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