# U.S. Henry Hub natgas prices for June fall to lowest in 20 years | BOE Report

> US Henry Hub spot natural gas averaged $2.40/MMBtu in June, the lowest June level since 1999, as record production let utilities build large storage injections. Lower 48 output averaged near-record 89.33 bcfd. Analysts expect storage to reach near-normal levels by the end of October.

- Date: 2019-07-01 · published 2019-07-01T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/58276-u-s-henry-hub-natgas-prices-for-june-fall-to-lowest-in-20-years-boe-report
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Abundant domestic gas supply keeps US energy costs low, which supports cheap natural gas-fired power and nitrogen fertilizer input costs, a bearish backdrop for gas-linked commodities.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-08-31 | [Nat-Gas Prices Fall Back on Bearish EIA Report](https://feedsoft.ai/events/34751-nat-gas-prices-fall-back-on-bearish-eia-report.md) | -4.5% | +7.9% |
| NATGAS | 2019-12-04 | [bne IntelliNews - The price Europe pays for Russian gas fell to its lowest level in 15 years](https://feedsoft.ai/events/55771-bne-intellinews-the-price-europe-pays-for-russian-gas-fell-to-its-lowest-level.md) | -8.6% | -14.2% |
| 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% |
| 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% |

## Sources

- boereport.com: https://boereport.com/2019/07/01/u-s-henry-hub-natgas-prices-for-june-fall-to-lowest-in-20-years/

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