The US Energy Information Administration added just a few pennies to month-ago estimates for quarterly and annual US natural gas prices, pointing to relatively strong production, demand and storage numbers. In its latest short-term energy outlook, EIA put the new first-quarter Henry Hub average spot price target at $2.92/MMBtu, up 3 cents from last month’s forecast. The second-quarter average now figures to be $2.93/MMBtu, 2 cents more than the February report, the agency said. Similar hikes were predicted for this year, up 2 cents to $3.07/MMBtu, and 2016, up 1 cent to $3.48/MMBtu. EIA noted that the Henry Hub spot price averaged $2.87/MMBtu in February, a decline of 12 cents from January. Article continues below… Gas Daily offers the most detailed coverage of natural gas prices at interstate and intrastate pipeline and pooling points in major U.S. markets. Gas Daily keeps you informed about […]