Natural Gas (Henry Hub)
The US benchmark for natural gas — the second most important energy commodity after oil.
Previous close $3.214/MMBtu
52-week high
$6.5735/MMBtu
52-week low
$2.7999/MMBtu
YTD change
+1.12%
Historical series derived from UNG ETF and scaled to today's index level — shape is accurate, absolute levels are approximate (±small tracking error).Down over the period.
The 30-second take
Henry Hub prices have become globally linked since the 2022 European energy crisis and the rise of US LNG exports. High gas prices feed directly into electricity prices and industrial margins (chemicals, fertilisers, aluminium). For European coverage especially, gas is often the deal driver — think LNG infrastructure, utility M&A, and sovereign energy-security strategy. Watch the seasonal pattern: winter demand spikes are structural.
Historical reference points
Bankers instinctively contextualise today's level against these moments. Each row shows how far the current level is above / below that reference.
- 2005 peakDec 2005$15.40/MMBtu-78.16%
- 2020 lowJun 2020$1.48/MMBtu+127.30%
- Europe crisis peakAug 2022$9.68/MMBtu-65.25%
Compare against
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