The EIA’s newest Henry Hub forecasts mark a notable increase to the organization’s previous projections. The U.S. Energy Information Administration (EIA) expects the Henry Hub natural gas spot price to average $8.69 per million British thermal units (MMBtu) in the third quarter of this year, the organization’s latest short term energy outlook (STEO) has revealed. According to the May STEO, the EIA sees the Henry Hub spot price averaging $7.83 per MMBtu in the second quarter and $8.48 per MMBtu in the fourth quarter. The full year 2022 average price is now expected to come in at $7.42 per MMBtu, according to the latest STEO. The EIA’s newest Henry Hub forecasts mark a notable increase to the ones made in the organization’s previous April STEO. The April STEO outlined that the EIA saw the Henry Hub spot price averaging $5.68 per MMBtu in the second quarter, $5.50 per MMBtu […]