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Natural gas has become the indispensable backbone of modern energy systems, fueling power plants, heating homes, driving industry, and connecting continents via LNG, despite pressures to decarbonize.
Natural gas prices have jumped in recent weeks in all major consuming markets, including in the United States, where prices have soared by more than 160% from this time last year. Colder winters ...
In its latest assessment, EIA said the natural gas price at the U.S. benchmark Henry Hub is expected to average $3.80 per million British thermal units in 2025 — up about 21 percent from its ...
The last major spike in natural gas was during the pandemic, when the price for Peoples Gas customers peaked at $1.25 per therm in July 2022.
• The monthly bill for a typical residential heating customer who uses 73.7 hundred cubic feet of natural gas would increase from $112.23 to $113.45, an increase of 1.1%.
For gas service, Xcel residential customers’ monthly costs would increase an average of $2.64, or 6.5%, boosting the bill from $40.60 to $43.24. The average small business would see its monthly ...