# U.S. Natural Gas Prices to Average $3.40 in January as Domestic, Overseas Demand Climbs, Says EIA

> The EIA's September Short-Term Energy Outlook projects Henry Hub spot prices averaging $3.40/MMBtu in January 2021 and above $3 for all of 2021. U.S. working gas storage was 13% above the five-year average at the end of August, and LNG exports rose 19% in August to 3.7 Bcf/d.

- Date: 2020-09-09 · published 2020-09-09T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/51302-u-s-natural-gas-prices-to-average-3-40-in-january-as-domestic-overseas-demand
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

The EIA forecast points to firmer natural gas prices through winter, raising energy and fertilizer costs for grain and feed producers. The forecast is a projection and carries limited immediate market impact.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2025-11-12 | [Henry Hub Natural Gas Prices Poised to Ramp as Demand Mounts, EIA Says](https://feedsoft.ai/events/22134-henry-hub-natural-gas-prices-poised-to-ramp-as-demand-mounts-eia-says.md) | -3.4% | +10.6% |
| 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% |
| NATGAS | 2025-11-26 | [As Storage Draws Down and Demand Mounts, January Natural Gas Futures Debut in Bullish Form](https://feedsoft.ai/events/22131-as-storage-draws-down-and-demand-mounts-january-natural-gas-futures-debut-in.md) | +15.4% | -12.2% |
| 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% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/us-natural-gas-prices-to-average-340-in-january-as-domestic-overseas-demand-climbs-says-eia/

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