CONTENTS
Gas Markets
Related Markets
Comparative Fuels
Spot Cash Electricity Prices
Gas Needed to Replace Offline Nuclear Capacity
Gas Prices, Power Prices and Spark Spreads for Major Hubs
Renewable Energy
Weather
Gas Markets
Market Watch
As it took over the prompt-month slot Friday, May gas futures staged an afternoon rally, jumping 14垄 to settle at $4.065 per million Btu. 鈥淲eather forecasts shifted lower in the 11-15 day range along with a wave of large thunderstorms that are projected to make their way across the Lower 48,鈥� Gelber & Associates said. 鈥淭he front-month contract appears to have found short-term technical support at the $3.85/MMBtu level.鈥� Analysts expect weather to play an outsized role in determining where prices go from here. 鈥淏ecause [storage is] below the five-year average, any weather issues 鈥� either extreme heat or cold 鈥� could keep natural gas on an upward trajectory,鈥� Price Futures Group analyst Phil Flynn said. 鈥淥n top of that, weather forecasters are suggesting that we could see another active hurricane season.鈥�
The 12-month strip rose 6.7垄 to $4.546; the 2026 strip inched 0.9垄 higher to $4.401 (Futures contracts).
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The Permian's Waha Hub saw the most significant price move of the day, falling 22垄 to -21垄. This compared to benchmark Henry Hub cash prices that were up 3垄 at $3.89.In the Northeast, Boston-area Algonquin declined 25垄 to average $2.78. Meanwhile, Rockies leader Kern/Opal rose 14垄 to $1.68, SoCal Citygate advanced 12垄 to average $2.34 and Northwest Sumas lost 10垄 to average 25垄. In Canada, Alberta benchmark Aeco rose 17垄 to $1.57 (Daily cash prices).
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The US rig count decreased by 1 to 592 for the week ending Mar. 28, according to oil-field services company Baker Hughes. The number of gas rigs increased by one to 103, down nine from a year ago, while the oil rig count fell by two to 484, down 22 from a year ago. The Haynesville Shale rig count grew by one to 30, down six from a year ago, while the number of rigs working in the oily Permian Basin dropped by three to 297, down 19 from a year ago (Rig count).
The 12-month strip rose 6.7垄 to $4.546; the 2026 strip inched 0.9垄 higher to $4.401 (Futures contracts).
* * *
The Permian's Waha Hub saw the most significant price move of the day, falling 22垄 to -21垄. This compared to benchmark Henry Hub cash prices that were up 3垄 at $3.89.In the Northeast, Boston-area Algonquin declined 25垄 to average $2.78. Meanwhile, Rockies leader Kern/Opal rose 14垄 to $1.68, SoCal Citygate advanced 12垄 to average $2.34 and Northwest Sumas lost 10垄 to average 25垄. In Canada, Alberta benchmark Aeco rose 17垄 to $1.57 (Daily cash prices).
* * *
The US rig count decreased by 1 to 592 for the week ending Mar. 28, according to oil-field services company Baker Hughes. The number of gas rigs increased by one to 103, down nine from a year ago, while the oil rig count fell by two to 484, down 22 from a year ago. The Haynesville Shale rig count grew by one to 30, down six from a year ago, while the number of rigs working in the oily Permian Basin dropped by three to 297, down 19 from a year ago (Rig count).
Natural Gas Spot Prices
Top 5 Upward & Downward Price Movements
Note: Mar 28' 25 versus prior day price: points moving up (33), down (45).
Natural Gas Spot Prices
Trade Date: Mar. 28, 2025 / Flow Dates: Mar. 29-31, 2025
Trade Date: Mar. 28, 2025 / Flow Dates: Mar. 29-31, 2025
The above figures refer to volume-weighted averages for gas deals done today for tomorrow's flow, or weekend delivery on Friday trading, at each particular spot. Change reflects the difference from the previous published price. Composites reflect volume-weighted average for all deals done in the regional grouping. Daily Composite Spot Wellhead is a volume-weighted average for all producing area pipelines less gathering and processing costs. All prices are in $/MMBtu.
Critical Notices
Sort:
Count of Critical Notices in Last 7 Days
Critical Notices
Natural Gas Futures
Nymex Henry Hub Future Price Curves
Mar 28, '25
Mar 28, '25
Henry Hub
Change from prior day, Mar 27 '25
Baker Hughes Rig Count
Baker Hughes US Gas Rig Count
Gas Rigs by Basin
Rig Count as of Mar 28 '25. Source: Baker Hughes
Related Markets
Comparative Fuels
Comparative Fuels
Prices for Mar 28 '25
Spot Cash Electricity Prices
Spot Cash Electricity Prices
Today's prices as of Mar 27 '25
Gas Needed to Replace Offline Nuclear Capacity
Gas Needed to Replace Off Line Nuclear Capacity
Note: Source: US Nuclear Regulatory Commission's Daily Power Reactor Status Report and 博彩对冲,Historical data available via EI New Energy Data
Gas Prices, Power Prices and Spark Spreads for Major Hubs
Marginal Heat Rates (Btu/kWh)
Note: Indicates the threshold heat rate for each gas/power pair. Below the MHR, gas-fired generation may be more cost effective vs. purchased power above. For holidays and weekends, the previous business day's values are displayed.
Gas, Power Prices & Spark Spreads for Generators Major Hubs
Renewable Energy
Gas Equivalent of Caiso Wind and Solar Output
Note: Historical data available via EI New Energy Data
Note: Historical data available via EI New Energy Data
Gas Equivalent of Ercot Wind Output
Note: Historical data available via EI New Energy Data
Note: Historical data available via EI New Energy Data
Gas Equivalent of PJM Renewable Output
Note: Historical data available via EI New Energy Data
Note: Historical data available via EI New Energy Data
Weather
Today's Short-Term Weather Forecast
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Layers available on weather map:
- Temperature:Current ground temperature(in Fahrenheit).
- Clouds:Displays the positions of the current cloud cover.
- Precipitation:Displays current amount of falling water in liquid, sleet or snow form (in inches).
- Wind speed:Displays the current wind speed(in knots).
- Sea Level Pressure:Displays the current pressure at sea level(in millibars).
- Snow:Displays the daily snow fall(in inches).
- Rain:Displays today鈥檚 amount of rain fall(in inches).