US EIA trims 2026 US spot gas price forecasts on near-average storage expectation

The US Energy Information Administration on April 7 again trimmed its natural gas spot price forecast for the second and third quarters of 2026, saying that it expects Henry Hub prices to remain closely aligned to the year-ago quarters, with inventories remaining near average. The agency, in its April Short-Term Energy Outlook, forecast that Q2 Henry Hub spot gas prices will average $3.01/millionThe US Energy Information Administration on April 7 again trimmed its natural gas spot price forecast for the second and third quarters of 2026, saying that it expects Henry Hub prices to remain closely aligned to the year-ago quarters, with inventories remaining near average. The agency, in its April Short-Term Energy Outlook, forecast that Q2 Henry Hub spot gas prices will average $3.01/millionRead More