What is the Henry Hub for natural gas?

What is the Henry Hub for natural gas?

Henry Hub is a natural gas pipeline located in Erath, Louisiana, that serves as the official delivery location for futures contracts on the New York Mercantile Exchange (NYMEX). The hub is owned by Sabine Pipe Line LLC and has access to many of the major gas markets in the United States.

Why are Henry Hub prices so low?

NYMEX Henry Hub tests out lower ranges as winter supply concerns ease. NYMEX Henry Hub repeatedly fell below the $5/MMBtu mark in recent trading, with analysts attributing the decline to a mild start to the heating season, more gas in storage, and the US benchmark's increased exposure to global markets.

How much is natural gas per gallon?

Cost and Efficiency But, for this comparison, we'll examine propane and natural gas cost in terms of BTUs and gallons. At the time this article was written, the average cost of natural gas cost is $6.23 per 1,000 cubic feet, which is roughly one million BTUs. The U.S. average cost for propane is $2.41 per gallon.

What is the Henry Hub price for natural gas?

Energy

Name	Price	Unit
Natural Gas (Henry Hub)	3.83	USD per MMBtu
Ethanol	2.22	USD per Gallon
Heating Oil	57.85	USD per 100 Liter
Coal	149.00	USD per Ton

What time does Nymex natural gas settle?

Natural gas futures contracts are traded on the NYMEX each business day between the hours of 9:00 AM and 2:30 PM for the regular session. The forward month, which is the next month to close, settles 3 business days prior to the start of gas flow.

What is Henry Hub natural gas spot price?

5.15 Energy

Name	Price	Unit
Natural Gas (Henry Hub)	5.15	USD per MMBtu
Ethanol	2.22	USD per Gallon
Heating Oil	61.29	USD per 100 Liter
Coal	150.00	USD per Ton

Why is it called Henry Hub?

History. The "Henry" hub is so named for its location in the Henry hamlet of Erath, which was named after the Henry High School that stood there until damaged by the flooding and storm surge from Hurricanes Ike and Rita, though the natural gas facilities suffered minimal damage.

Is natural gas cheap or expensive?

Yes, natural gas offers an affordable source of energy. According to an IHS study, 800 trillion cubic feet of natural gas can be developed for around $3 per cubic foot, and America consumed 27.5 trillion cubic feet of natural gas in 2016.

Is it cheaper to use natural gas or propane?

Efficiency and Cost Propane is usually more expensive than natural gas, but the same amount produces about twice as much heat. ... In some areas, natural gas is more economical, and in others, propane costs less. Both types of fuel are more efficient and less expensive than electricity in many regions.

What is the price of natural gas on the New York Stock Exchange?

Stock Quote (U.S.: NYSE) | MarketWatch....$ 10.01.

Close	Chg	Chg %
$10.01	-0.04	-0.40%

What's the price of natural gas?

• The average cost of natural gas per therm can very significantly by season, location, and other factors. However, a good average is around $1, but closer to $0.90. Do natural gas prices go up in winter?

What are natural gas futures?

• Natural gas futures are a commodity futures product based on the fuel natural gas, which is used extensively throughout the U.S. to heat homes and also has important applications in commercial and industrial settings.

What is natural gas supply?

• Natural Gas Supply. Natural gas is a vitally important source of energy for all sectors of the economy in the United States. Maintaining an adequate supply of this critical resource is essential to preserving and improving our quality of life.

What is natural gas company?

• Natural gas is a significant part of its operation. Phillips processes and markets natural gas and natural gas liquids. This Texas-based company was started in 1875, making it the oldest natural gas company on our list.