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November 17, 2011
Natural Gas Prices Continue to Fall in October

WASHINGTON — The Henry Hub spot price for natural gas averaged $3.56 per MMBtu in October, 34 cents lower than the September average, according to the U.S. Energy Information Administration’s (EIA) Short-Term Energy Outlook report released Nov. 8.

This month’s Outlook lowers the 2011 forecast by 6 cents to $4.09 per MMBtu and lowers the 2012 forecast by 19 cents to $4.13 per MMBtu compared with last month’s report.

Even while the delivered cost of natural gas continues to decline, EIA expects the cost of coal delivered to electric generators to increase by 6.4% during 2011. The net effect will be relatively modest growth in retail electricity prices over the forecast horizon, the report says.

For route drivers, EIA forecasts that the annual average regular-grade gasoline retail price, which averaged $2.78 per gallon in 2010, will increase to an average of $3.54 per gallon in 2011, before declining to an average $3.46 per gallon in 2012. The agency expects that on-highway diesel fuel retail prices, which averaged $2.99 per gallon in 2010, will average $3.84 per gallon in 2011 and $3.79 per gallon in 2012.

October 31, 2011
Natural Gas Spot Price Falls Again in September

WASHINGTON — The Henry Hub spot price for natural gas averaged $3.90 per MMBtu in September, 15 cents lower than the August average, according to the U.S. Energy Information Administration’s (EIA) Short-Term Energy Outlook report released Oct. 12. EIA expects that Henry Hub spot prices will fall further in October, before rising above $4 per MMBtu in December.

The report lowers the 2011 forecast by 5 cents to $4.15 per MMBtu, 24 cents less than the 2010 average. Although the average 2011 spot natural gas price is lower than the 2010 average, the forecast price over winter 2011-12 is higher than last winter’s average.

EIA expects this winter’s heating season will start with an average Henry Hub spot price of $3.78 per MMBtu in October, and that the price in 2012 will average $4.32 per MMBtu.

September 26, 2011
Energy Prices Continue to Fall

WASHINGTON — The Henry Hub spot price averaged $4.05 per MMBtu in August, 37 cents lower than the July average, according to the U.S. Energy Information Administration’s (EIA) latest Short-Term Energy Outlook report. This month’s report lowers the 2011 forecast by 4 cents to $4.20 per MMBtu and lowers the 2012 forecast by 11 cents to $4.30 per MMBtu, the report says.

Part of this downturn is due to natural gas consumption for electric power generation falling from 29.7 billion cubic feet per day (Bcf/d) in July to 29.2 Bcf/d in August, as July’s extreme temperatures eased, EIA says. Still, the administration expects that total natural gas consumption will grow by 1.8% to 67.3 Bcf/d in 2011.

July 25, 2011
Energy Prices Higher Than Expected

WASHINGTON — The Henry Hub spot price averaged $4.54 per MMBtu in June, 23 cents higher than the May average and 34 cents higher than forecast in last month’s report, according to the U.S. Energy Information Administration (EIA). The administration expects that the Henry Hub price will average $4.26 per MMBtu over the second half of 2011, as the inventory deficit relative to last year narrows, according to the latest report.

June 22, 2011
Energy Prices Remain High

WASHINGTON — The Henry Hub spot price averaged $4.31 per MMBtu in May, six cents higher than the April average and 11 cents higher than forecast in the agency’s previous report. This increase is reported amid growing consumption, even though inventories remain robust and the production forecast was “revised upward significantly.”

April 28, 2011
Energy/Fuel Outlook: Stability And Volatility

WASHINGTON — The prices for natural gas and electricity remain stable, while regular-grade gasoline continues to climb, according to the most recent U.S. Energy Information Administration (EIA) short-term energy outlook.

Natural gas working inventories ended March 2011 at 1.6 trillion cubic feet (Tcf), slightly below the 2010 end-of-March level. EIA expects that working gas inventories will remain relatively high throughout 2011.

February 21, 2011
Natural-Gas Inventories Remain High

WASHINGTON — Natural-gas inventories are expected to remain high through 2011, resulting in an average Henry Hub natural-gas spot price of $4.16 per million Btu (MMBtu) for the year, $0.22 per MMBtu lower than the 2010 average, according to the Energy Information Administration’s (EIA) latest short-term energy outlook.

December 15, 2010
Natural-Gas Prices Expected to be Lower in 2011

WASHINGTON — While 2010 natural-gas prices will end up slightly higher than 2009 prices, 2011 prices are trending just a bit lower than this year’s prices, according to the latest Energy Information Administration (EIA) short-term energy outlook.

The projected Henry Hub natural-gas spot price should average $4.37 per million Btu (MMBtu) for 2010, a $0.42-per-MMBtu increase over the 2009 average. EIA expects the Henry Hub spot price to average $4.33 per MMBtu in 2011.

November 16, 2010
Natural Gas: Stable Inventories, Stable Prices

WASHINGTON — Natural gas working inventories (underground storage quantity) at the end of October are about the same as last year’s record-setting levels, resulting in a decline in prices for the last two months, according to the latest U.S. Energy Information Administration (EIA) short-term energy outlook.

Mild weather, high production and the absence of significant hurricane activity in the Gulf of Mexico also contributed to the large inventory build.

September 22, 2010
Lower Economic Expectations Fuel Natural Gas Price Projections

WASHINGTON — As fall nears, laundry owners may be looking at slightly lower-than-expected costs for natural gas, according to the most recent U.S. Energy Information Administration (EIA) Short-Term Energy Outlook.

The government projections reflect updated expectations for economic activity, with forecasted U.S. real gross domestic product (GDP) growth of 2.8% in 2010 and 2.3% in 2011, down from the previous growth projections of 3.1% and 2.7%, respectively.

September 29, 2009
EIA Projects Lowest Natural Gas Prices Since 2001

WASHINGTON — The Energy Information Administration (EIA) projects the monthly "Henry Hub" natural-gas spot price to average $2.32 per thousand cubic feet (Mcf) in October, the lowest monthly average spot price since September 2001, according to the most recent Short-Term Energy Outlook.

November 17, 2008
EIA Energy Outlook Predicts Lower Natural Gas Prices

WASHINGTON — The Energy Information Administration’s (EIA) short-term energy outlook for November indicates that the current economic downturn has led to a decrease in energy demand and a reduction in crude oil and other energy prices. As a result, projections for both energy demand and prices are much lower than last month’s outlook.

August 11, 2008
EIA Weekly Update Shows Decrease in Natural Gas Spot Prices