Natural Gas Intelligence

Commercial Natural Gas Rates
Across All 50 States

U.S. commercial natural gas rates average $1.19/therm nationally. Henry Hub benchmark spot price is $3.29/MMBtu (as of 2026-07-06). 26 states offer competitive gas supply choice. Compare rates, track market trends, and find gas suppliers in your state.

Source: EIA API v2 — Henry Hub Spot | Updated 2026-07-06

Market Alerts

CRITICAL

Northeast Winter Gas Basis: Algonquin Citygate Commercial Impact 2026

Analysis of natural gas basis differentials in the US Northeast for 2026. Why severe pipeline constraints cause Algonquin Citygate prices to decouple from Henry Hub.

Feb 22, 2026•EnergyForge Intelligence
CRITICAL

Golden Pass LNG Ships First Cargo — 18 MTPA Changes the Global Gas Game

Golden Pass LNG begins exports from Sabine Pass, Texas with 18 MTPA capacity. Impact analysis on Henry Hub prices and commercial natural gas procurement.

Feb 21, 2026•EnergyForge Intelligence
CRITICAL

Northeast Basis Spikes During February Cold Snap

Pipeline constraints into New England drove delivered gas costs well above Henry Hub. CT, MA, NY, and NJ commercial buyers saw delivery charges spike during the cold snap.

2026-02-06•EnergyForge Intelligence

Gas Choice States

26 states allow commercial customers to choose their natural gas supplier. Click a state for rates and market data.

CAPartialCalifornia$1.57/therm
COPartialColorado$0.79/therm
CTFull ChoiceConnecticut$1.22/therm
DEFull ChoiceDelaware$1.42/therm
FLPartialFlorida$1.24/therm
GAFull ChoiceGeorgia$1.02/therm
ILFull ChoiceIllinois$1.21/therm
INFull ChoiceIndiana$0.96/therm
IAPartialIowa$1.03/therm
KSPartialKansas$1.33/therm
KYFull ChoiceKentucky$1.84/therm
MEPartialMaine$1.65/therm
MDFull ChoiceMaryland$1.44/therm
MAFull ChoiceMassachusetts$2.35/therm
MIFull ChoiceMichigan$1.00/therm
MTPartialMontana$0.77/therm
NEPartialNebraska$0.75/therm
NHPartialNew Hampshire$2.05/therm
NJFull ChoiceNew Jersey$1.22/therm
NMPartialNew Mexico$0.69/therm
NYFull ChoiceNew York$1.24/therm
OHFull ChoiceOhio$0.85/therm
PAFull ChoicePennsylvania$1.54/therm
RIFull ChoiceRhode Island$0.82/therm
VAFull ChoiceVirginia$1.24/therm
DCFull ChoiceWashington DC$1.69/therm
WVPartialWest Virginia$1.27/therm
WYPartialWyoming$0.83/therm

Gas Market Intelligence

LOWnaturalgas

EIA Natural Gas Storage July 9: 61 Bcf Injection, 2,983 Bcf Working Gas

EIA's July 9, 2026 Weekly Natural Gas Storage Report showed a 61 Bcf injection for week ending July 3. Lower 48 working gas reached 2,983 Bcf, 15 Bcf below last year and 185 Bcf above the five-year average.

Jul 9, 2026Source: EnergyForge Intelligence
MODERATEnaturalgas

EIA July 2026 STEO Natural Gas Forecast: Henry Hub $3.67 and 2027 Power-Burn Record

EIA's July 7, 2026 Short-Term Energy Outlook forecasts Henry Hub at $3.67/MMBtu in 2026 and $3.49/MMBtu in 2027, with LNG exports at 17.4 Bcf/d this year and U.S. power-sector gas consumption reaching a record in 2027.

Jul 8, 2026Source: EnergyForge IntelligenceStates: TX, LA, PA, NJ, NY, MA, CA
LOWnaturalgas

EIA Natural Gas Storage July 2: 87 Bcf Injection, 2,922 Bcf Working Gas

EIA's July 2, 2026 Weekly Natural Gas Storage Report showed an 87 Bcf injection for week ending June 26. Lower 48 working gas reached 2,922 Bcf, 23 Bcf below last year and 175 Bcf above the five-year average.

Jul 2, 2026Source: EnergyForge Intelligence
MODERATEnaturalgas

EIA Natural Gas Monthly April 2026: Record April Production, Power Burn, and LNG Exports

EIA's June 2026 Natural Gas Monthly says April dry gas production averaged 110.9 Bcf/d, electric-power deliveries reached 29.9 Bcf/d, and LNG exports reached 17.9 Bcf/d.

Jul 7, 2026Source: EnergyForge IntelligenceStates: TX, LA, PA, OH, WV, CA, NY
LOWnaturalgas

EIA Natural Gas Storage June 25: 76 Bcf Injection, 2,835 Bcf Working Gas

EIA's June 25, 2026 Weekly Natural Gas Storage Report showed a 76 Bcf injection for week ending June 19. Lower 48 working gas reached 2,835 Bcf, 49 Bcf below last year and 152 Bcf above the five-year average.

Jun 25, 2026Source: EnergyForge Intelligence
MODERATEnaturalgas

EIA June 2026 STEO Natural Gas Forecast: Henry Hub $3.60, LNG Exports 17.2 Bcf/d

EIA's June 9, 2026 Short-Term Energy Outlook raises Henry Hub forecasts to $3.60/MMBtu in 2026 and $3.46/MMBtu in 2027 while LNG exports and associated gas production both grow.

Jun 9, 2026Source: EnergyForge IntelligenceStates: TX, LA, PA, NJ, NY, MA, CA
LOWnaturalgas

EIA Natural Gas Storage June 4: 95 Bcf Injection Lifts Stocks to 2,578 Bcf

EIA's June 4 Weekly Natural Gas Storage Report showed a 95 Bcf injection for week ending May 29, 2026. Lower 48 working gas reached 2,578 Bcf, 3 Bcf below last year and 138 Bcf above the five-year average.

Jun 4, 2026Source: EnergyForge Intelligence
MODERATEnaturalgas

EIA Power-Sector Natural Gas Forecast: 43.7 Bcf/d This Summer, Record High Expected in 2027

EIA's May 28 Today in Energy analysis forecasts electric-power natural gas consumption at 43.7 Bcf/d in summer 2026 and a record 46.1 Bcf/d in summer 2027, with ERCOT and PJM load-growth implications.

Jun 1, 2026Source: EnergyForge IntelligenceStates: TX, VA, PA, NJ, MD, OH, IL, DC
LOWnaturalgas

EIA Natural Gas Storage May 28: 92 Bcf Injection Lifts Stocks to 2,483 Bcf

EIA's May 28 Weekly Natural Gas Storage Report showed a 92 Bcf injection for week ending May 22, 2026. Lower 48 working gas reached 2,483 Bcf, 21 Bcf above last year and 144 Bcf above the five-year average.

May 28, 2026Source: EnergyForge Intelligence
LOWnaturalgas

EIA Natural Gas Storage May 21: 101 Bcf Injection Lifts Stocks to 2,391 Bcf

EIA's May 21 Weekly Natural Gas Storage Report showed a 101 Bcf injection for week ending May 15, 2026. Lower 48 working gas reached 2,391 Bcf, 33 Bcf above last year and 149 Bcf above the five-year average.

May 21, 2026Source: EnergyForge Intelligence
LOWnaturalgas

EIA Natural Gas Storage May 14: 85 Bcf Injection Lifts Stocks to 2,290 Bcf

EIA's May 14 Weekly Natural Gas Storage Report showed an 85 Bcf injection for week ending May 8, 2026. Lower 48 working gas reached 2,290 Bcf, 51 Bcf above last year and 140 Bcf above the five-year average.

May 14, 2026Source: EnergyForge Intelligence
LOWnaturalgas

EIA Natural Gas Storage May 7: 63 Bcf Injection Lifts Stocks to 2,205 Bcf

EIA's May 7 Weekly Natural Gas Storage Report showed a 63 Bcf injection for week ending May 1, 2026. Lower 48 working gas reached 2,205 Bcf, 75 Bcf above last year and 139 Bcf above the five-year average.

May 7, 2026Source: EnergyForge Intelligence
LOWnaturalgas

EIA Natural Gas Storage April 30: 79 Bcf Injection Lifts Stocks to 2,142 Bcf

EIA's April 30 Weekly Natural Gas Storage Report showed a 79 Bcf injection for week ending April 24, 2026. Lower 48 working gas reached 2,142 Bcf, 116 Bcf above last year and 153 Bcf above the five-year average.

Apr 30, 2026Source: EnergyForge Intelligence
LOWnaturalgas

EIA Natural Gas Storage: 103 Bcf Injection Pushes Stocks 137 Bcf Above Average

EIA's April 23 Weekly Natural Gas Storage Report showed a 103 Bcf injection for week ending April 17. Lower 48 working gas reached 2,063 Bcf, 142 Bcf above last year and 137 Bcf above the five-year average. Procurement read-through for gas-indexed electricity.

Apr 24, 2026Source: EnergyForge Intelligence
MODERATEgas

Natural Gas Public Benchmarks 2026: EIA STEO, Henry Hub and NYMEX Context

May 2026 public-source natural gas procurement benchmarks from EIA STEO, Henry Hub history, weekly storage data, and NYMEX context. EIA projects Henry Hub at $3.50/MMBtu in 2026, $3.18/MMBtu in 2027, and 17.0 Bcf/d of LNG exports this year.

Apr 20, 2026Source: EnergyForge Intelligence
LOWnaturalgas

EIA Storage Report April 16: 59 Bcf Actual Injection After 62 Bcf Forecast

Archive update for the April 16, 2026 EIA Weekly Natural Gas Storage Report: EIA reported a 59 Bcf injection for week ending April 10 after forecasts moved near 62 Bcf. Working gas reached about 1,970 Bcf, 108 Bcf above the five-year average.

Apr 15, 2026Source: EnergyForge Intelligence
MODERATEnaturalgas

EIA April 16 Storage Preview Archive: 27 Bcf Forecast vs. 60 Bcf Final

Forecast archive for the April 16, 2026 EIA storage report: a 27 Bcf consensus missed the final 59 Bcf build, later revised to 60 Bcf implied flow. Current readers should use the April 30 storage report and Natural Gas Storage hub.

Apr 13, 2026Source: EnergyForge Intelligence
LOWnaturalgas

EIA Storage Report: 50 Bcf Injection Pushes Stocks 87 Bcf Above Average as Henry Hub Drops to $2.65

EIA reports 50 Bcf net injection for week ending April 3, 2026. Working gas at 1,911 Bcf — 87 Bcf above the 5-year average. Henry Hub spot at $2.65/MMBtu, 30% below EIA's $3.80 annual forecast. NYMEX summer curve tops at $3.18. Commercial procurement window analysis.

Apr 11, 2026Source: EnergyForge Intelligence
LOWnaturalgas

EIA Storage Report: First 2026 Injection at +36 Bcf as Season Shifts Two Weeks Early

EIA reports a 36 Bcf net injection for the week ending March 27, 2026 — the first build of the season, arriving two weeks earlier than the 5-year average. Working gas at 1,865 Bcf. Henry Hub holds at $2.90. What early injections mean for gas-indexed electricity procurement.

Apr 2, 2026Source: EnergyForge Intelligence
ELEVATEDnaturalgas

2026 Injection Season Begins: 1,829 Bcf in Storage, ~2,000 Bcf to Refill Before Winter

EIA natural gas storage at 1,829 Bcf entering the 2026 injection season. Refill math: ~67 Bcf/week needed over 30 weeks to reach comfortable pre-winter levels. Henry Hub at $2.90 vs $3.80 EIA forecast. Commercial procurement timing analysis.

Apr 2, 2026Source: EnergyForge Intelligence
ELEVATEDnaturalgas

Henry Hub Drops to $2.90/MMBtu as April Injection Season Opens With Surplus Storage

Henry Hub natural gas falls to $2.90/MMBtu entering the April 2026 injection season. Storage above 5-year average despite record winter. EIA forecasts $3.80 annual average. Commercial procurement window analysis and why gas prices still matter for your electricity bill.

Apr 1, 2026Source: EnergyForge Intelligence
ELEVATEDnaturalgas

EIA Natural Gas Storage: 54 Bcf Draw as Late-Season Withdrawal Exceeds Forecasts, Henry Hub at $3.82

EIA weekly storage report March 26, 2026: 54 Bcf net withdrawal, working gas at 1,829 Bcf. Henry Hub spot at $3.82/MMBtu. Injection season outlook and commercial procurement analysis.

Mar 29, 2026Source: EnergyForge Intelligence
ELEVATEDnaturalgas

EIA Natural Gas Storage Drops to 1,848 Bcf — 38 Bcf Draw Keeps Stocks Below 5-Year Average

EIA weekly storage report shows 38 Bcf draw for week ending March 6, 2026. Working gas at 1,848 Bcf remains 17 Bcf below the 5-year average. Henry Hub at $3.13/MMBtu. Commercial procurement window analysis.

Mar 16, 2026Source: EnergyForge Intelligence
ELEVATEDnaturalgas

EIA March STEO: Henry Hub Forecast Cut 13% to $3.80/MMBtu as Mild Weather Resets Outlook

The EIA March 2026 STEO slashes the Henry Hub forecast from $4.30 to $3.80/MMBtu — the largest monthly downward revision of 2026. Spot price at $3.19, 16% below revised forecast. Commercial procurement window analysis.

Mar 12, 2026Source: EnergyForge Intelligence
WARNINGnaturalgas

EIA Natural Gas Storage Report: Henry Hub Rebounds to $3.37/MMBtu as Spring Deficit Persists

March 2026 EIA natural gas storage snapshot: 132 Bcf draw, working gas at 1,886 Bcf, and Henry Hub rebound to $3.37/MMBtu.

Mar 9, 2026Source: EnergyForge Intelligence
PRICE SPIKEnaturalgas

Henry Hub March Futures Crash to $2.90 While EIA Forecasts $4.12: The Widest Divergence of 2026

Henry Hub March 2026 futures collapsed to $2.90/MMBtu—a 30% discount to the EIA's $4.12 forecast. Storage at 2,018 Bcf. Procurement window analysis for gas and electricity buyers.

Mar 2, 2026Source: EnergyForge Intelligence
WARNINGnaturalgas

Global LNG Prices Spike While Henry Hub Stays Low: U.S. Electricity Risk After Hormuz Closure

EIA's April 28 Today in Energy update reports TTF LNG futures up 35% and JKM up 51% after the Strait of Hormuz closure, while U.S. Henry Hub fell 9%. Current buyer guidance separates confirmed global LNG stress from conditional U.S. gas and power pass-through risk.

Feb 28, 2026Source: EnergyForge Intelligence
PRICE SPIKEnaturalgas

EIA Reports 52 Bcf Storage Draw, Dropping Winter Inventories Below 5-Year Average

A larger-than-expected 52 Bcf withdrawal erased the winter storage cushion, dropping national gas inventories 0.3% below the historical average going into spring.

Feb 27, 2026Source: EnergyForge Intelligence
PRICE SPIKEnaturalgas

Henry Hub Gas Prices Collapse 63%: From $7.72 to $2.83 in One Month

Natural gas crashed from $7.72/MMBtu in January to $2.83 on Feb 26. Record 360 Bcf withdrawal, then warm weather collapse. Storage 123 Bcf below 5-year average.

Feb 26, 2026Source: EnergyForge Intelligence
Noticenaturalgas

Natural Gas Storage Falls 144 Bcf: Stocks 123 Bcf Below 5-Year Average

EIA: Natural gas storage at 2,070 Bcf, down 144 Bcf weekly. Stocks 123 Bcf below 5-year avg. Henry Hub pricing and commercial gas rate analysis.

Feb 25, 2026Source: EnergyForge Intelligence
WARNINGgas

Texas ERCOT Heat Rates: The Gas-to-Power Correlation Driving 2026 Electricity Costs

Analysis of the ERCOT natural gas-to-power correlation in Texas. Learn how the implied heat rate dictates commercial wholesale electricity prices in 2026.

Feb 22, 2026Source: EnergyForge IntelligenceStates: TX
MODERATEgas

Industrial Natural Gas Procurement 2026: EIA Demand Forecast and Buyer Playbook

EIA expects U.S. industrial natural gas consumption to set records in 2026 and 2027. Manufacturing buyer context for baseline load, seasonal risk, chemicals demand, and block-and-index procurement.

Feb 22, 2026Source: EnergyForge Intelligence
CRITICALgas

Northeast Winter Gas Basis: Algonquin Citygate Commercial Impact 2026

Analysis of natural gas basis differentials in the US Northeast for 2026. Why severe pipeline constraints cause Algonquin Citygate prices to decouple from Henry Hub.

Feb 22, 2026Source: EnergyForge IntelligenceStates: MA, CT, RI, NH
MODERATEgas

Permian Associated Gas: EIA Says Gas Growth Outpaced Oil in 2025

EIA's June 18, 2026 analysis says Permian marketed natural gas production rose 60% from 2021 to 2025 while crude oil production rose 39%, with a rising gas-oil ratio adding 3.8 Bcf/d of gas supply in 2025.

Feb 22, 2026Source: EnergyForge IntelligenceStates: TX, NM
WARNINGgas

Henry Hub Natural Gas Forward Curve 2026: Commercial Hedging Strategy

Analysis of the 2026 Henry Hub natural gas forward curve. Learn why steep contango driven by LNG exports requires commercial buyers to hedge during spring.

Feb 22, 2026Source: EnergyForge Intelligence
CRITICALgas

Golden Pass LNG Ships First Cargo — 18 MTPA Changes the Global Gas Game

Golden Pass LNG begins exports from Sabine Pass, Texas with 18 MTPA capacity. Impact analysis on Henry Hub prices and commercial natural gas procurement.

Feb 21, 2026Source: EnergyForge IntelligenceStates: TX, LA
WARNINGnatural-gas

Massachusetts Commercial Natural Gas: Surviving the Winter Basis Blowout

An analysis of Massachusetts' commercial natural gas market in 2026. How National Grid customers can mitigate severe physical pipeline constraints and rising delivery tariffs.

Feb 22, 2026Source: EnergyForge IntelligenceStates: MA
WARNINGnatural-gas

Minnesota Commercial Natural Gas Rates 2026: Xcel Energy Base Rate Increases

An analysis of Minnesota's commercial natural gas market in 2026. How Xcel Energy's court-approved rate hikes and pipeline modernization costs are driving up winter heating bills for businesses.

Feb 22, 2026Source: EnergyForge IntelligenceStates: MN
WARNINGnatural-gas

US LNG Export Capacity Expansion: 2026 Map and Domestic Price Impact

Track the massive buildout of U.S. Liquefied Natural Gas (LNG) export terminals in 2026 and understand how rising global demand is driving up domestic natural gas prices.

Feb 22, 2026Source: EnergyForge IntelligenceStates: TX, LA, MD
MODERATEnatural-gas

California Natural Gas Prices 2026: Historic Lows, PG&E And SoCal Basis Risk

EIA says California natural gas spot prices reached historic lows in early 2026, with Pacific storage 30.9% above the five-year average and California gas use down to 4.8 Bcf/d in 2025. Buyer context for PG&E, SoCalGas, CTA offers, and winter basis risk.

Feb 22, 2026Source: EnergyForge IntelligenceStates: CA
ELEVATEDnatural-gas

Chicago Citygate Basis Premium Elevates Midwest Commercial Gas Costs

Chicago metro natural gas buyers face elevated delivered costs. Analysis of the Citygate basis premium impacting Nicor Gas and Peoples Gas territories.

2026-02-22Source: EnergyForge IntelligenceStates: IL
MODERATEnatural-gas

Georgia Natural Gas Market 2026: Commercial Deregulation and AGLC Supply Strategies

Commercial facilities in Georgia face rising Henry Hub spot prices in 2026. Guide to navigating Atlanta Gas Light (AGLC) territory marketer contracts.

2026-02-22Source: EnergyForge IntelligenceStates: GA
MODERATEnatural-gas

US Natural Gas Storage Outlook: Spring 2026 Market Intelligence

US natural gas working inventories remain supportive exiting winter 2026, but Henry Hub forward contango incentivizes spring commercial procurement.

2026-02-22Source: EnergyForge Intelligence
LOWnatural-gas

EIA Forecasts U.S. Natural Gas Production Growth at 2% in 2026

The EIA Short-Term Energy Outlook expects dry natural gas production to increase by an average of 2 Bcf/day (2%) in 2026, relieving supply constraints in Q3/Q4.

2026-02-23Source: EnergyForge Intelligence
WARNINGnatural-gas

February 2026 Natural Gas Market Report: Prices Rising Toward $4/MMBtu

Henry Hub spot at $3.13/MMBtu. EIA storage at 2,070 Bcf (-123 below 5yr avg). Cold snaps drive basis spikes in Northeast and Chicago. LNG exports nearing record capacity.

2026-02-21Source: EnergyForge Intelligence
WARNINGnatural-gas

EIA Storage Report: 2,070 Bcf — Net Decrease of 144 Bcf

EIA storage at 2,070 Bcf, which is 123 Bcf (5.6%) below the five-year average. Recent net withdrawals of 144 Bcf/wk signal tightening supply buffer.

2026-02-21Source: EnergyForge Intelligence
CRITICALnatural-gas

Northeast Basis Spikes During February Cold Snap

Pipeline constraints into New England drove delivered gas costs well above Henry Hub. CT, MA, NY, and NJ commercial buyers saw delivery charges spike during the cold snap.

2026-02-06Source: EnergyForge IntelligenceStates: CT, MA, NY, NJ, NH, RI, ME
ELEVATEDnatural-gas

Chicago Citygate Basis Premium Elevated — Midwest Gas Costs Rising

Chicago Citygate basis running above Henry Hub. IL and MI commercial buyers facing higher delivered costs. Nicor Gas and Peoples Gas territories most affected.

2026-02-12Source: EnergyForge IntelligenceStates: IL, IN, MI, OH
LOWnatural-gas

Pennsylvania Gas Choice: 20+ Suppliers Competing for Commercial Accounts

PA remains the most competitive gas choice market with Columbia Gas, PECO Gas, and UGI territories all fully open. Commercial buyers can lock sub-$0.95/therm fixed rates.

2026-02-10Source: EnergyForge IntelligenceStates: PA
MODERATEnatural-gas

Georgia Gas Market Active — AGLC Territory Open to Competition

Georgia natural gas market fully deregulated under AGLC. Atlanta Gas Light serves as distribution-only utility. 10+ certified marketers competing for commercial load.

2026-02-08Source: EnergyForge IntelligenceStates: GA
WARNINGnatural-gas

Henry Hub Forecast: $3.56/MMBtu for 2025, Rising to $4.01 in 2026

EIA projects natural gas prices to nearly double from 2024 lows ($2.20/MMBtu) driven by LNG export growth and colder winters. Commercial buyers should evaluate fixed-rate contracts before winter 2025.

2026-02-21Source: EnergyForge Intelligence
ELEVATEDnatural-gas

January 2025 Was the Coldest in 37 Years — Gas Consumption Up 11.9%

Residential and commercial gas consumption surged 11.9% in Q1 2025 vs 2024. Storage inventories swung from surplus to deficit. This pattern signals higher winter costs ahead.

2026-02-21Source: EnergyForge Intelligence
MODERATEnatural-gas

U.S. Gas Storage at 85% Capacity Mid-2025 — Adequate but Not Comfortable

Weekly EIA storage report shows 85% capacity heading into the 2025-2026 heating season. While adequate, it leaves limited buffer against a severe winter scenario or production freeze-offs.

2026-02-21Source: EnergyForge Intelligence

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