# EIA expects higher wholesale U.S. natural gas prices as demand increases -
		U.S. Energy Information Administration (EIA)

> The EIA's January Short-Term Energy Outlook forecasts Henry Hub natural gas averaging $3.10/MMBtu in 2025 and $4.00/MMBtu in 2026, up from record lows in 2024. Demand growth, led by U.S. LNG exports, is expected to outpace supply growth and pull storage below the five-year average by mid-2025.

- Date: 2025-01-23 · published 2025-01-23T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/26691-eia-expects-higher-wholesale-u-s-natural-gas-prices-as-demand-increases-u-s
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Tighter storage and rising LNG feedgas demand point to higher natural gas costs, which raise energy and processing costs for feed producers and compete for fuel-based inputs.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-02-01 | [EIA expects higher wholesale U.S. natural gas prices in 2021 and 2022](https://feedsoft.ai/events/49337-eia-expects-higher-wholesale-u-s-natural-gas-prices-in-2021-and-2022.md) | +20.6% | +4.5% |
| NATGAS | 2022-11-09 | [EIA now expects U.S. natural gas prices to average above $6.00/MMBtu this winter -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/7577-eia-now-expects-u-s-natural-gas-prices-to-average-above-6-00-mmbtu-this-winter.md) | +20.4% | +2.3% |
| NATGAS | 2024-11-25 | [Global natural gas market may experience a tighter supply-demand balance this winter -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/27591-global-natural-gas-market-may-experience-a-tighter-supply-demand-balance-this.md) | +14.0% | +18.4% |
| NATGAS | 2018-10-12 | [Natural gas storage likely to enter winter at lowest levels since 2005 -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/7398-natural-gas-storage-likely-to-enter-winter-at-lowest-levels-since-2005-u-s.md) | +1.5% | +11.0% |
| NATGAS | 2021-05-11 | [EIA’s Natural Gas Price Forecast Ticks Up to $3.05 on Exports, U.S. Demand](https://feedsoft.ai/events/47267-eia-s-natural-gas-price-forecast-ticks-up-to-3-05-on-exports-u-s-demand.md) | +4.0% | +6.4% |

## Sources

- eia.gov: https://www.eia.gov/TODAYinENERGY/detail.php?id=64344

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.