The natural gas market has tossed on a light sweater and officially turned the page on summer, sending prices lower across the forward curve, according to NGI’s Forward Look.
Benchmark Henry Hub September fixed prices ticked down only 2.1 cents through the Aug. 15-21 period, while the winter strip (November-March) slipped 4.8 cents to $3.153/MMBtu. Summer 2025 prices barely budged, edging 1.7 cents lower to $3.156. Notably, this is generally on par with where the winter is pricing, reflecting expectations of strong demand as LNG export capacity increases in the coming year.
Western U.S. gas markets posted the most significant declines across the forward curve as cooler weather has begun to move into the region. Notably, though, prices there remained the highest in the country.
