January 13, 2026
| Subject: | Oil & gas markets in the era of energy dominance |
| Presented by: | Stephen Nalley |
| Presented to: |
Atlantic Council Washington, DC—June 18, 2025 |
In 2025, the wholesale U.S. natural gas spot price at the national benchmark Henry Hub in Louisiana averaged $3.52 per million British thermal units (MMBtu), based on data from LSEG Data. The 2025 average Henry Hub natural gas spot price increased 56% from the 2024 annual average, which—when adjusted for inflation—was the lowest on record. On a daily basis, the Henry Hub natural gas spot price ranged from $2.65/MMBtu to $9.86/MMBtu, reflecting a narrower range of daily prices compared with the previous year. More ›
Data source: LSEG Data