# US EIA lowers Q4 Henry Hub spot gas price, expects winter volatility

> The US Energy Information Administration lowered its fourth-quarter 2021 Henry Hub spot gas price forecast while warning of winter volatility. The page content is mostly website navigation with little article text. The forecast cut points to softer near-term US gas prices than previously expected.

- Date: 2021-11-09 · published 2021-11-09T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/44234-us-eia-lowers-q4-henry-hub-spot-gas-price-expects-winter-volatility
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A lower Henry Hub forecast reduces expected US natural gas costs for fertilizer and grain drying. Winter volatility risk still supports price spikes during cold snaps.

## Read by commodity

- NATGAS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2021-11-09 | 1 | -8.2% | -3.3 | The EIA's 2021-11-09 cut to its Q4 Henry Hub price forecast, along with its outlook, signals softer expected US gas prices and likely fed directly into the one-day selloff. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-07-14 | [US Henry Hub natural gas spot prices hit record lows \| Hydrocarbon Engineering](https://feedsoft.ai/events/52293-us-henry-hub-natural-gas-spot-prices-hit-record-lows-hydrocarbon-engineering.md) | -4.0% | +24.2% |
| NATGAS | 2022-12-28 | [Where Will Henry Hub Gas Price Land? \| Rigzone](https://feedsoft.ai/events/38411-where-will-henry-hub-gas-price-land-rigzone.md) | -22.1% | -44.3% |
| NATGAS | 2018-11-06 | [Henry Hub Spot Prices to Slip 4 Cents/MMBtu Next Year from 2018, Says EIA](https://feedsoft.ai/events/6489-henry-hub-spot-prices-to-slip-4-cents-mmbtu-next-year-from-2018-says-eia.md) | +9.1% | +24.8% |
| NATGAS | 2018-01-09 | [EIA Slashes 2018 Henry Hub NatGas Price Forecast to $2.88/MMBtu](https://feedsoft.ai/events/7024-eia-slashes-2018-henry-hub-natgas-price-forecast-to-2-88-mmbtu.md) | +44.4% | -3.8% |
| NATGAS | 2023-02-01 | [EIA forecasts lower wholesale U.S. natural gas prices in 2023 and 2024](https://feedsoft.ai/events/37942-eia-forecasts-lower-wholesale-u-s-natural-gas-prices-in-2023-and-2024.md) | -7.6% | +1.2% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/electric-power/110921-us-eia-lowers-q4-henry-hub-spot-gas-price-expects-winter-volatility

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