The U.S. Energy Information Administration expects natural gas prices to be above $6/MMBtu on average this winter across the U.S., with average spot prices at Henry Hub at $6.09/MMBtu—"the highest real price since winter 2009-10," the EIA said. Here, winter spans November through March.
"Despite lower Henry Hub spot prices since late August, we expect natural gas prices to rise this winter because of seasonal demand for natural gas for space heating, which typically peaks in January and February," the EIA said in a recent report. "We expect prices to also increase as a result of higher [liquefied natural gas] exports as the Northern Hemisphere enters winter and the Freeport LNG terminal . . . resumes partial operations."