Energy · World Bank monthly average
What is the US natural gas (Henry Hub) price and how has it changed?
US natural gas (Henry Hub) averaged 2.95 US dollars per million British thermal units in September 2026, according to the World Bank Pink Sheet. That is 6.5% above Aug 2026 and 0.7% below Sept 2025, and in the middle half of all monthly averages since January 2000.
- Sept 2026 average
- 2.95$/mmbtu · US dollars per million British thermal units
- Month on month
- ▲ +6.5%from 2.77 in Aug 2026
- Year on year
- ▼ −0.7%from 2.97 in Sept 2025
- 12-month range
- 2.77–7.58low Apr 2026 · high Jan 2026
The last five years
What the record shows
- Over five years the price ranged from 1.50 (Mar 2024) to 8.79 (Aug 2022). Sept 2026 sits 20% of the way from that low to the high.
- Since January 2000 the record high is 13.52 (Oct 2005) and the low 1.50 (Mar 2024). The latest month is higher than 33% of the 321 monthly averages in that span, in nominal dollars (not adjusted for inflation).
- The highest full-year average since 2000 was 2005 (8.92); the lowest was 2020 (2.01).
- Annualised volatility of monthly changes over the past five years was 74.8%, higher than the 55.7% for the whole record since 2000. Monthly averages smooth out intra-month swings, so daily markets move more than this.
- Five years earlier, in Sept 2021, the average was 5.11: the price is 42.3% below that level.
Yearly averages
| Year | Average | vs prior year | Highest month | Lowest month |
|---|---|---|---|---|
| 2026 9 mo. | 3.52 | ▼ −0.0% | 7.58 Jan | 2.77 Apr |
| 2025 | 3.53 | ▲ +60.9% | 4.25 Dec | 2.91 Aug |
| 2024 | 2.19 | ▼ −13.6% | 3.18 Jan | 1.50 Mar |
| 2023 | 2.54 | ▼ −60.2% | 3.27 Jan | 2.15 May |
| 2022 | 6.37 | ▲ +65.3% | 8.79 Aug | 4.33 Jan |
| 2021 | 3.85 | ▲ +91.1% | 5.48 Oct | 2.56 Mar |
| 2020 | 2.01 | ▼ −21.5% | 2.59 Nov | 1.61 Jun |
| 2019 | 2.57 | ▼ −18.8% | 3.08 Jan | 2.22 Aug |
| 2018 | 3.16 | ▲ +6.8% | 4.13 Nov | 2.67 Feb |
| 2017 | 2.96 | ▲ +18.8% | 3.26 Jan | 2.76 Dec |
| 2016 | 2.49 | ▼ −4.7% | 3.58 Dec | 1.70 Mar |
| 2015 | 2.61 | ▼ −40.2% | 2.97 Jan | 1.92 Dec |
| 2014 | 4.37 | ▲ +17.2% | 5.97 Feb | 3.43 Dec |
| 2013 | 3.73 | ▲ +35.3% | 4.24 Dec | 3.33 Jan |
| 2012 | 2.75 | ▼ −31.1% | 3.54 Nov | 1.95 Apr |
| 2011 | 4.00 | ▼ −8.9% | 4.55 Jun | 3.16 Dec |
| 2010 | 4.39 | ▲ +11.1% | 5.81 Jan | 3.43 Oct |
| 2009 | 3.95 | ▼ −55.4% | 5.37 Dec | 2.96 Sep |
| 2008 | 8.86 | ▲ +26.8% | 12.68 Jun | 5.79 Dec |
| 2007 | 6.98 | ▲ +3.9% | 7.97 Feb | 6.10 Sep |
| 2006 | 6.72 | ▼ −24.6% | 8.66 Jan | 4.86 Sep |
Since January 2000
Largest one-month moves since 2000
| Month | From | To | Move |
|---|---|---|---|
| Feb 2021 | 2.67 | 5.07 | ▲ +89.9% |
| Jan 2026 | 4.25 | 7.58 | ▲ +78.4% |
| Dec 2000 | 5.55 | 8.95 | ▲ +61.3% |
| Feb 2026 | 7.58 | 3.61 | ▼ −52.4% |
| Mar 2021 | 5.07 | 2.56 | ▼ −49.5% |
What exactly is being priced?
Natural gas (U.S.), spot price at Henry Hub, Louisiana. The World Bank publishes the series as a monthly average in US dollars per million British thermal units ($/mmbtu). Benchmark definitions occasionally change, as noted above, so very long comparisons mix slightly different contracts. See commodity price units explained for converting units.
Sources
- World Bank Commodity Price Data (The Pink Sheet), monthly prices workbook (updated October 02, 2026; retrieved 16 Oct 2026). Licensed CC BY 4.0.
- Method for changes, ranges and volatility: methodology.