# EIA: Summer US natural gas prices highest since 2014 | Oil & Gas Journal

> The EIA reports Henry Hub spot averaged $3.26 per mmBtu in June, the highest summer-month price since 2014. July prices have run higher, averaging $3.67 in the first two weeks. Tight balances, strong LNG exports, record June heat and western hydro shortfalls all contributed.

- Date: 2021-07-22 · published 2021-07-22T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/46255-eia-summer-us-natural-gas-prices-highest-since-2014-oil-and-gas-journal
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A government confirmation of high summer gas costs supports higher natural gas and fertiliser input costs for US feed production. The move is driven by weather and exports rather than a single shock.

## 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 | 2018-11-16 | [U.S. Natural Gas Prices Spike to Levels Not Seen Since 2014 \| Trane Commercial HVAC](https://feedsoft.ai/events/9434-u-s-natural-gas-prices-spike-to-levels-not-seen-since-2014-trane-commercial-hvac.md) | +3.4% | -10.2% |
| NATGAS | 2022-05-24 | [LNG Demand Seen Driving Natural Gas Prices Higher This Summer, FERC Says](https://feedsoft.ai/events/41573-lng-demand-seen-driving-natural-gas-prices-higher-this-summer-ferc-says.md) | -1.7% | -19.4% |
| NATGAS | 2017-02-01 | [Natural gas prices in 2017 and 2018 are expected to be higher than last year](https://feedsoft.ai/events/73135-natural-gas-prices-in-2017-and-2018-are-expected-to-be-higher-than-last-year.md) | +0.7% | -13.2% |
| NATGAS | 2025-07-25 | [US natural Gas prices rebound on storage surprise – ING](https://feedsoft.ai/events/23962-us-natural-gas-prices-rebound-on-storage-surprise-ing.md) | -2.1% | -8.3% |

## Sources

- ogj.com: https://www.ogj.com/general-interest/economics-markets/article/14207336/eia-summer-us-natural-gas-prices-highest-since-2014

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