U.S. natural gas price for industry 2024| ��ƽ��

Average natural gas prices for the industrial sector in the United States in selected years from 1975 to 2024 (in U.S. dollars per 1,000 cubic feet)

Characteristic	Price in U.S. dollars per thousand cubic feet
2024	3.93
2023	4.53
2022	7.69
2021	5.44
2020	3.32
2019	3.9
2018	4.19
2017	4.08
2016	3.51
2015	3.93
2014	5.62
2013	4.64
2012	3.88
2011	5.13
2010	5.49
2009	5.33
2008	9.65
2007	7.68
2006	7.87
2005	8.56
2000	4.45
1995	2.71
1990	2.93
1985	3.95
1980	2.56
1975	0.96

Download

Source

Show detailed source information?

Already a member?

Sources

Release date

June 2025

More information

Region

United States

Survey time period

1975 to 2024

Supplementary notes

In nominal dollars, reflecting the buying power in the year in which the transaction occurred; not adjusted to remove the effect of changes in the purchasing power of the dollar.
Average prices, intended to include all taxes.

Citation formats

In 2024, the industrial natural gas price in the United States was 3.93 U.S. dollars per thousand cubic feet. This was a decrease compared to the previous year. In 2008, the U.S. price of natural gas for industry peaked at 9.65 U.S. dollars per thousand cubic feet as a result of the Great Recession. Despite the increase in natural gas prices for the industry sector in recent years, natural gas prices for other sectors were much higher.

Regional price variations across U.S. hubs

Natural gas prices can vary significantly across different regions of the United States. In 2024, the Waha trading hub in the Permian basin recorded the lowest spot prices due to its proximity to productive oil and gas wells and limited pipeline capacity. Meanwhile, the Henry Hub, which serves as the U.S. natural gas benchmark, averaged 2.2 U.S. dollars per million British thermal units in 2024. Looking ahead, forecasts suggest that Henry Hub prices could more than double by 2026, driven by increased demand.

Industry natural gas prices around the world

Switzerland has some of the highest natural gas prices for the industrial sector. U.S. prices are especially low in comparison to European countries, which rely on imports. U.S. industrial natural gas consumers paid around one fourth of the price paid by Swiss consumers.