What is the highest annual natural gas (henry hub) value in this dataset?

$8.92 ($/MMBtu) in 2005 annual value. This is the highest annual observation within 1960–2025, rather than a daily market record.

How are inflation-adjusted prices calculated?

Each nominal observation is multiplied by the site’s reference CPI divided by the CPI for that observation’s year. The same inflation calculation is used across commodity charts.

Energy Series coverage: 1960–2025

Natural Gas (Henry Hub) Historical Price Archive

Annual Natural Gas (Henry Hub) Price Archive

Cite Data

Natural gas delivered at the Henry Hub in Erath, Louisiana is the global pricing benchmark for North American pipeline gas and LNG export contracts.

Annual Natural gas, US benchmark price: World Bank annual nominal observations from the Pink Sheet workbook. Unit conversions and CPI adjustments are calculated by CommoditiesHistory.com. No incomplete 2026 annual value is included. Historical U.S. gas benchmark definitions change; this is the World Bank U.S. natural gas series.

Natural Gas (Henry Hub) Interactive Price History (1960–2025)

Inflation-Adjusted (Real 2026 USD)

Drag to pan, scroll to zoom, and hover for annual values.

Loading chart. Annual values are also available in the table below.

Data sources: World Bank Annual Observations

Natural Gas (Henry Hub) Historical Eras & Macro Cycles

Detailed analysis of secular supercycles, wartime allocations, and price shocks

Natural Gas (Henry Hub) historical observations

1960–2025

World Bank annual nominal observations from the Pink Sheet workbook. Unit conversions and CPI adjustments are calculated by CommoditiesHistory.com. No incomplete 2026 annual value is included. Historical U.S. gas benchmark definitions change; this is the World Bank U.S. natural gas series.

Price Behavior Annual observations range from $0.14 to $8.92 ($/MMBtu).

Key Catalysts

Supply and production
Industrial and consumer demand
International trade

Natural Gas (Henry Hub) Complete Historical Price Table (1960–2025)

Nominal vs. Real Inflation-Adjusted Prices in 2026 USD

Year	Nominal Price ($/MMBtu)	Real Price (2026 USD)	CPI / Historical Estimate	Historical Context / Market Event
2025	$3.53	$3.67	321.9	US LNG Export Terminal Expansions (Golden Pass, Plaquemines)
2024	$2.19	$2.34	313.7	Producer Curtailments in Haynesville & Marcellus
2023	$2.54	$2.79	304.7	Mild Winter & Record Permian Associated Gas Production
2022	$6.37	$7.29	292.7	Nord Stream Sabotage & European Energy Crisis (US Spot Breaches $9.60)
2021	$3.85	$4.76	271.0	Winter Storm Uri Shuts Texas Power Grid
2020	$2.01	$2.60	258.8	COVID-19 Pandemic Lows
2019	$2.57	$3.37	255.7	—
2018	$3.16	$4.22	251.1	—
2017	$2.96	$4.05	245.1	—
2016	$2.49	$3.48	240.0	First US LNG Cargo Exported from Sabine Pass
2015	$2.61	$3.69	237.0	—
2014	$4.37	$6.18	236.7	Polar Vortex Deep Freeze Spike
2013	$3.72	$5.35	233.0	—
2012	$2.75	$4.01	229.6	Severe Domestic Supply Glut (Dips to $1.90)
2011	$4.00	$5.96	224.9	—
2010	$4.39	$6.74	218.1	—
2009	$3.95	$6.17	214.5	Barnett & Marcellus Shale Fracking Boom Accelerates
2008	$8.86	$13.78	215.3	Pre-GFC Energy Peak (Spot Intraday $13.69)
2007	$6.98	$11.28	207.3	—
2006	$6.72	$11.17	201.6	—
2005	$8.92	$15.30	195.3	Hurricanes Katrina & Rita Knock Out Gulf of Mexico Platforms (Peak $15.38)
2004	$5.89	$10.44	188.9	—
2003	$5.49	$9.99	184.0	—
2002	$3.36	$6.26	179.9	—
2001	$3.96	$7.49	177.1	—
2000	$4.31	$8.38	172.2	California Electricity Crisis
1999	$2.27	$4.56	166.6	—
1998	$2.09	$4.30	163.0	—
1997	$2.48	$5.18	160.5	—
1996	$2.73	$5.83	156.9	—
1995	$1.72	$3.78	152.4	—
1994	$1.92	$4.34	148.2	—
1993	$2.12	$4.91	144.5	—
1992	$1.77	$4.23	140.3	—
1991	$1.49	$3.66	136.2	—
1990	$1.70	$4.36	130.7	NYMEX Henry Hub Futures Contract Launches
1989	$1.70	$4.59	124.0	Wellhead Decontrol Act Enacted
1988	$1.68	$4.76	118.3	—
1987	$1.66	$4.89	113.6	—
1986	$1.94	$5.93	109.6	—
1985	$2.51	$7.81	107.6	—
1984	$2.66	$8.58	103.9	—
1983	$2.59	$8.71	99.6	—
1982	$2.47	$8.57	96.5	—
1981	$1.98	$7.30	90.9	—
1980	$1.59	$6.46	82.4	—
1979	$1.18	$5.44	72.6	—
1978	$0.910	$4.68	65.2	Natural Gas Policy Act of 1978 (Deregulation Begins)
1977	$0.790	$4.37	60.6	—
1976	$0.580	$3.41	56.9	—
1975	$0.430	$2.68	53.8	—
1974	$0.290	$1.97	49.3	—
1973	$0.210	$1.58	44.4	First Oil Shock Spills into Fuel Switching
1972	$0.190	$1.52	41.8	—
1971	$0.180	$1.49	40.5	—
1970	$0.170	$1.47	38.8	—
1969	$0.170	$1.55	36.7	—
1968	$0.160	$1.54	34.8	—
1967	$0.160	$1.60	33.4	—
1966	$0.160	$1.65	32.4	—
1965	$0.160	$1.70	31.5	—
1964	$0.150	$1.62	31.0	—
1963	$0.160	$1.75	30.6	—
1962	$0.160	$1.77	30.2	—
1961	$0.150	$1.68	29.9	—
1960	$0.140	$1.58	29.6	—

Frequently Asked Questions: Natural Gas (Henry Hub) History

Targeted answers to high-frequency historical and economic queries

What does this natural gas (henry hub) chart measure?: Annual Natural gas, US benchmark price. World Bank annual nominal observations from the Pink Sheet workbook. Unit conversions and CPI adjustments are calculated by CommoditiesHistory.com. No incomplete 2026 annual value is included. Historical U.S. gas benchmark definitions change; this is the World Bank U.S. natural gas series.
What is the highest annual natural gas (henry hub) value in this dataset?: $8.92 ($/MMBtu) in 2005 annual value. This is the highest annual observation within 1960–2025, rather than a daily market record.
How are inflation-adjusted prices calculated?: Each nominal observation is multiplied by the site’s reference CPI divided by the CPI for that observation’s year. The same inflation calculation is used across commodity charts.

Cite This Dataset

World Bank: Commodity Price Data (Pink Sheet): Natural gas, US — Data providers: World Bank.; Bloomberg Finance L.P. Finance L.P.; World Gas Intelligence; World Bank.; Bloomberg Finance L.P. Finance L.P.; Thomson Reuters Datastream; The Wall Street Journal; World Bank. — Underlying source data: CC BY 4.0. Source terms and acknowledgment requirements. Unit conversions and inflation adjustments by CommoditiesHistory.com.

APA (7th Edition)

Commodities History Project. (2026). Natural Gas (Henry Hub) Historical Prices and Inflation-Adjusted Series (1960–2025) [Data set]. CommoditiesHistory.com. https://commoditieshistory.com/natural-gas

BibTeX

@dataset{commoditieshistory_natural-gas_2026,
  author = {{Commodities History Project}},
  title = {Natural Gas (Henry Hub) Historical Prices and Inflation-Adjusted Series (1960–2025)},
  year = {2026},
  publisher = {CommoditiesHistory.com},
  url = {https://commoditieshistory.com/natural-gas}
}