Natural Gas Price Forecast: Storage Surprise Keeps Henry Hub Near $2.80 Before Summer Demand Test
Natural gas futures in the U.S. wrapped up the week just under $2.80 per million British thermal units. Prices held their ground on a lighter storage build, though a decisive move higher remained elusive with spring demand lagging. As of May 8, Trading Economics showed natural gas at $2.80, marking a monthly gain of roughly 5%, but the contract is still off more than 26% compared to the same period last year. The timing lands in the shoulder season—the lull between heavy winter heating and the onset of summer air-conditioning demand. During this stretch, traders pay close attention to storage levels, export activity, and weather forecasts, since day-to-day demand can shift abruptly.