U.S. Henry Hub prices weekly 2024

On November 1, 2024, the Henry Hub natural gas spot price amounted to 1.83 U.S. dollars per million British thermal units. This was a decrease compared to the previous week. The European gas benchmark Dutch TTF also decreased that week. In January 2024, a cold front was feared to impact refiners in Texas, leading to a spike in prices.

What is Henry Hub?

The Henry Hub price is seen as the most important benchmark for the U.S. natural gas market. As of 1990, it has been used for pricing of natural gas traded on the New York Mercantile Exchange and later the Intercontinental Exchange. The hub in question is a distribution pipeline system in Louisiana and began operating in the 1950s. The highest Henry Hub annual average prices were recorded in 2005 and 2008, when they climbed to over eight U.S. dollars per million British thermal units.

Natural gas export prices

In recent years, the U.S. has been incentivized to build up its liquefaction and LNG export capacities as it widens the potential customer pool. With sanctions on Russian energy imports, many European countries looked to the U.S. for procuring natural gas from 2022 onward. In line with Henry Hub pricing development, the monthly LNG export price also showed volatility depending on market and geopolitical events.

Weekly U.S. Henry Hub natural gas spot prices from November 4, 2022 to November 1, 2024 (in U.S. dollars per million British thermal units)

Characteristic	Price in U.S. dollars per million Btu
Nov 1, '24	1.83
Oct 25, '24	1.88
Oct 18, '24	2.15
Oct 11, '24	2.4
Oct 4, '24	2.66
Sep 27, '24	2.56
Sep 20, '24	2.26
Sep 13, '24	2.13
Sep 6, '24	2.04
Aug 30, '24	1.9
Aug 23, '24	2.04
Aug 16, '24	2.13
Aug 9, '24	1.88
Aug 2, '24	1.9
Jul 26, '24	2.06
Jul 19, '24	2.02
Jul 12, '24	2.26
Jul 5, '24	2.08
Jun 28, '24	2.52
Jun 21, '24	2.44
Jun 14, '24	2.73
Jun 7, '24	2.43
May 31, '24	2.03
May 24, '24	2.48
May 17, '24	2.23
May 10, '24	2
May 3, '24	1.64
Apr 26, '24	1.54
Apr 19, '24	1.46
Apr 12, '24	1.69
Apr 5, '24	1.7
Mar 29, '24	1.48
Mar 22, '24	1.54
Mar 15, '24	1.4
Mar 8, '24	1.55
Mar 1, '24	1.58
Feb 23, '24	1.56
Feb 16, '24	1.59
Feb 9, '24	1.93
Feb 2, '24	2.21
Jan 26, '24	2.38
Jan 19, '24	2.92
Jan 12, '24	5.11
Jan 5, '24	2.68
Dec 29, '23	2.56
Dec 22, '23	2.5
Dec 15, '23	2.38
Dec 8, '23	2.62
Dec 1, '23	2.72
Nov 24, '23	2.64
Nov 17, '23	2.74
Nov 10, '23	2.46
Nov 3, '23	3.17
Oct 27, '23	2.89
Oct 20, '23	2.86
Oct 13, '23	3.2
Oct 6, '23	2.91
Sep 29, '23	2.66
Sep 22, '23	2.62
Sep 15, '23	2.71
Sep 8, '23	2.52
Sep 1, '23	2.57
Aug 25, '23	2.53
Aug 18, '23	2.59
Aug 11, '23	2.76
Aug 4, '23	2.49
Jul 28, '23	2.59
Jul 21, '23	2.54
Jul 14, '23	2.53
Jul 7, '23	2.53
Jun 30, '23	2.58
Jun 23. '23	2.28
Jun 16, '23	2.05
Jun 9, '23	1.99
Jun 2, '23	1.93
May 26, '23	2.17
May 19, '23	2.29
May 12, '23	2.1
May 5, '23	2.03
Apr 28, '23	2.2
Apr 21, '23	2.21
Apr 14, '23	2.09
Apr 7, '23	2.14
Mar 31, '23	2.01
Mar 24, '23	2.06
Mar 17, '23	2.47
Mar 10, '23	2.48
Mar 3, '23	2.6
Feb 24, '23	2.18
Feb 17, '23	2.41
Feb 10, '23	2.34
Feb 3, '23	2.64
Jan 27, '23	3.08
Jan 20, '23	3.17
Jan 13, '23	3.46
Jan 6, '23	3.65
Dec 30, '22	4.06
Dec 23, '22	6.35
Dec 16, '22	6.78
Dec 9, '22	4.6
Dec 2, '22	6.06
Nov 25, '22	6.41
Nov 18, '22	6.06
Nov 11, '22	4.34
Nov 04, '22	4.57