# Henry Hub Spot Prices to Slip 4 Cents/MMBtu Next Year from 2018, Says EIA

> The EIA forecasts Henry Hub spot prices averaging $2.98 per MMBtu in 2019, 4 cents below the 2018 average. The forecast cites rising natural gas production outweighing relatively low storage levels, and it is lower than the agency's prior 4Q2018 projection.

- Date: 2018-11-06 · published 2018-11-06T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/6489-henry-hub-spot-prices-to-slip-4-cents-mmbtu-next-year-from-2018-says-eia
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Expected production growth outpacing demand points to softer US natural gas prices in 2019, even with low storage.

## 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 | 2019-07-01 | [U.S. Henry Hub natgas prices for June fall to lowest in 20 years \| BOE Report](https://feedsoft.ai/events/58276-u-s-henry-hub-natgas-prices-for-june-fall-to-lowest-in-20-years-boe-report.md) | +1.4% | -7.5% |
| NATGAS | 2021-11-09 | [US EIA lowers Q4 Henry Hub spot gas price, expects winter volatility](https://feedsoft.ai/events/44234-us-eia-lowers-q4-henry-hub-spot-gas-price-expects-winter-volatility.md) | -10.7% | -33.3% |
| NATGAS | 2018-02-01 | [EIA expects 2018 and 2019 natural gas prices to remain relatively flat](https://feedsoft.ai/events/67161-eia-expects-2018-and-2019-natural-gas-prices-to-remain-relatively-flat.md) | -14.0% | -15.1% |
| 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% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/henry-hub-spot-prices-to-slip-4-centsmmbtu-next-year-from-2018-says-eia/

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