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FACTBOX-US Henry Hub natgas prices average two-year low for February

ReutersMar 2, 2026 3:46 PM

By Scott DiSavino

- U.S. spot natural gas prices at the Henry Hub benchmark NG-W-HH-SNL in Louisiana averaged a two-year low for the month of February, pricing data from financial firm LSEG showed.

Gas prices averaged $3.62 per million British thermal units (mmBtu) in February, their lowest for the month since 2024.

That was down from averages of $4.19 per mmBtu in February 2025 and $3.67 during the month over the past five years (2021-2025).

In calendar 2025, prices at Henry Hub averaged $3.53 per mmBtu, up from a four-year low of $2.19 for full-year 2024 and a five-year average of $3.72. NGAS/POLL

For a list of daily U.S. spot gas cash prices from SNL Energy, including Henry Hub, see 0#SNL-NG.

Prices are in U.S. dollars per mmBtu and are derived from LSEG data. The average for the year is from the U.S. Energy Information Administration (EIA):

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

EIA YEAR AVERAGE

2026

7.72

3.62

2025

4.13

4.19

4.13

3.41

3.12

3.02

3.20

2.91

3.02

3.19

3.79

4.26

~3.53

2024

3.18

1.72

1.49

1.60

2.12

2.54

2.08

1.99

2.28

2.19

2.10

3.02

2.19

2023

3.28

2.38

2.31

2.16

2.15

2.18

2.55

2.58

2.64

2.99

2.71

2.52

2.54

2022

4.38

4.69

4.90

6.59

8.14

7.70

7.28

8.80

7.88

5.69

5.40

5.53

6.42

2021

2.71

5.35

2.62

2.66

2.91

3.26

3.84

4.07

5.16

5.52

5.05

3.76

3.91

2020

2.02

1.91

1.79

1.74

1.75

1.63

1.76

2.30

1.92

2.39

2.59

2.57

2.03

2019

3.07

2.70

2.93

2.65

2.64

2.40

2.36

2.22

2.57

2.33

2.63

2.22

2.57

*2018

3.88

2.67

2.70

2.79

2.80

2.97

2.83

2.96

3.00

3.27

4.13

3.97

3.15

2017

3.26

2.82

2.87

3.08

3.12

2.94

2.96

2.88

2.96

2.87

2.99

2.76

2.99

2016

2.27

1.96

1.70

1.90

1.92

2.57

2.79

2.79

2.97

2.95

2.50

3.58

2.51

2015

2.97

2.85

2.80

2.58

2.84

2.77

2.83

2.77

2.65

2.32

2.08

1.92

2.63

2014

4.59

5.94

4.93

4.27

4.55

4.57

4.01

3.88

3.92

3.77

4.10

3.43

4.39

2013

3.34

3.32

3.66

4.07

4.12

3.98

3.68

3.44

3.60

3.61

3.57

4.04

3.73

2012

2.70

2.56

2.27

2.06

2.43

2.46

2.84

2.93

2.73

3.18

3.55

3.49

2.75

2011

4.37

4.22

3.86

4.24

4.35

4.46

4.42

4.22

3.88

3.67

3.35

3.17

4.00

2010

5.78

5.31

4.56

3.99

4.21

4.51

4.68

4.54

3.88

3.64

3.54

4.24

4.39

2009

5.64

4.53

4.03

3.56

3.62

3.68

3.62

3.27

2.88

3.99

4.00

5.04

3.95

2008

7.68

8.37

9.19

9.81

11.35

12.30

11.84

8.72

7.99

7.07

6.60

6.29

8.86

2007

6.22

7.64

7.33

7.61

7.56

7.48

6.51

6.19

5.85

6.61

7.24

7.14

6.98

2006

9.93

8.12

6.98

7.19

6.70

6.03

5.95

7.25

5.83

5.13

7.33

7.36

6.74

2005

6.14

6.22

6.67

7.24

6.60

7.04

7.38

8.65

11.51

14.09

11.96

12.26

8.81

2004

6.16

5.55

5.30

5.56

6.17

6.41

6.16

5.74

5.15

6.30

6.76

7.08

5.90

2003

5.18

6.58

7.30

5.16

5.55

5.92

5.13

4.86

4.78

4.62

4.51

5.54

5.49

2002

2.45

2.20

2.76

3.42

3.49

3.33

3.12

3.03

3.41

4.00

4.10

4.47

3.37

2001

9.17

5.81

5.14

5.28

4.43

3.73

3.14

3.04

2.25

2.15

2.67

2.40

3.96

2000

2.38

2.64

2.72

2.95

3.30

4.33

4.18

4.13

4.91

5.18

5.13

7.74

4.31

1999

1.80

1.79

1.73

2.03

2.30

2.29

2.29

2.72

2.69

2.68

2.65

2.28

2.27

1998

2.18

2.13

2.25

2.44

2.21

2.10

2.28

1.91

1.86

1.98

2.09

1.90

2.09

1997

3.83

2.53

1.85

1.93

2.23

2.27

2.19

2.36

2.72

3.13

3.13

2.42

2.50

1996

3.14

4.06

3.05

2.37

2.21

2.42

2.60

2.15

1.80

2.12

2.97

3.89

2.76

1995

1.61

1.46

1.50

1.59

1.65

1.66

1.47

1.50

1.63

1.73

1.92

2.42

1.69

1994

2.32

2.73

2.25

2.04

2.00

1.89

1.99

1.72

1.51

1.45

1.62

1.70

1.92

1993

2.00

1.71

2.01

2.27

2.33

2.04

2.03

2.24

2.29

2.03

2.21

2.21

2.12

1992

1.46

1.14

1.25

1.44

1.55

1.65

1.64

1.93

2.01

2.56

2.31

2.28

1.77

1991

1.68

1.36

1.34

1.33

1.32

1.25

1.17

1.26

1.47

1.69

1.84

1.90

1.49

1990

2.43

1.92

1.55

1.50

1.50

1.50

1.43

1.37

1.45

1.62

2.12

2.23

1.70

1989

----

1.70

1.50

1.53

1.66

1.69

1.66

1.59

1.52

1.60

1.89

2.22

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