Natural Gas Intelligence

Commercial Natural Gas Rates
Across All 50 States

U.S. commercial natural gas rates average $1.05/therm nationally. Henry Hub benchmark spot price is $3.13/MMBtu (as of 2026-02-23). 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 2026-02-23

Market Alerts

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.

2026-02-06EnergyForge Intelligence
WARNING

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, 2026EnergyForge Intelligence
WARNING

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, 2026EnergyForge Intelligence

Gas Market Intelligence

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
PRICE SPIKEnatural-gas

California Commercial Natural Gas Constraints: Navigating PG&E Winter Rate Spikes

PG&E commercial customers are facing extreme natural gas rate volatility in Winter 2026 due to regional pipeline constraints and storage deficits. Discover hedging strategies.

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
ELEVATEDnatural-gas

LNG Expansion Update: Golden Pass First Cargo Targeted March 2026

U.S. LNG export capacity surging. Golden Pass LNG targeting first cargo in March 2026. Domestic gas supply tightening as export demand captures 14%+ of total production.

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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