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The EIA raised its Henry Hub spot price forecast to $4.27 per MMBtu for 2025 and $4.60 for 2026 in its April outlook. The prior March forecast was $4.19 and $4.47.
The agency expects the Q2 2025 average to be $3.93 per MMBtu.
A higher official price outlook signals firmer US gas costs ahead, relevant to energy and fertilizer input costs for feed producers.
After 74 past bullish report events, Natural Gas moved a median +1.3% over 5 sessions (55% higher; middle half -4.0% to +11.3%), and +2.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.