Energy Environmental Blog

EIA 2009 Projections

Written by Vorys | Jan 14, 2009 3:30:45 PM

The Short-Term Energy Outlook for January projects a 36% drop in natural gas prices for 2009:  "The U.S. economic downturn is also contributing to lower natural gas prices. The Henry Hub natural gas spot price is projected to decline from an average of $9.13 per Mcf in 2008 to $5.78 per Mcf in 2009, but then increase in 2010 to an average of $6.63 per Mcf."

Graphically: