# EIA: Gas prices to rise with rising demand, reduced production | Oil & Gas Journal

> The US EIA's October Short-Term Energy Outlook forecasts Henry Hub spot prices averaging $3.38/MMBtu in January 2021 and above $3.00 throughout 2021. The agency expects winter inventory draws to outpace the five-year average and end March 2021 about 6% lower than normal, despite record October storage.

- Date: 2020-10-06 · published 2020-10-06T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/8351-eia-gas-prices-to-rise-with-rising-demand-reduced-production-oil-and-gas-journal
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

The forecast signals a sharp rise in natural gas prices from 2020 levels as demand and LNG exports grow while production stays lower. Feed producers should expect higher energy and fertilizer costs through the winter.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-07-22 | [EIA: Summer US natural gas prices highest since 2014 \| Oil & Gas Journal](https://feedsoft.ai/events/46255-eia-summer-us-natural-gas-prices-highest-since-2014-oil-and-gas-journal.md) | +3.1% | -2.4% |
| 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 | 2024-06-01 | [EIA Maintains 2024 Natural Gas Price Forecast, Sees Modest Production Decline Leading to 2025 Record](https://feedsoft.ai/events/30462-eia-maintains-2024-natural-gas-price-forecast-sees-modest-production-decline.md) | +24.9% | +9.1% |
| NATGAS | 2022-01-13 | [WoodMac: Global gas and LNG trends to watch \| Oil & Gas Journal](https://feedsoft.ai/events/43320-woodmac-global-gas-and-lng-trends-to-watch-oil-and-gas-journal.md) | -13.2% | -15.7% |
| 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% |

## Sources

- ogj.com: https://www.ogj.com/general-interest/economics-markets/article/14184779/eia-gas-prices-to-rise-with-rising-demand-reduced-production

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