HomeMagazine2016March 2016, Vol. 243, No. 3Natural Gas Prices Could Plunge Below $1 Here

March 2016, Vol. 243, No. 3

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Natural Gas Prices Could Plunge Below $1 Here

Natural gas prices in the United States dropped to their lowest levels since 1998 on March 1, with Henry Hub spot prices falling to $1.57 per million Btu (MMBtu). Low oil prices are stealing the media show, but the natural gas sector is also facing a historic downturn. Less attention is understandable for a few reasons. Natural gas markets are regional, and as such, gas is priced differently in different parts of the world (although natural gas prices have plummeted in Europe and Asia as well). Not every country is suffering from low natural gas prices in the way that oil-producing countries are reeling from cheap crude. Also, natural gas prices in the U.S. have been low for several years,

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