Natural Gas Prices
Natural gas prices refer to the cost of purchasing natural gas, a fossil fuel used for heating, electricity generation, and cooking. Prices can fluctuate based on supply and demand, weather conditions, and geopolitical events. When demand increases, such as during cold winters, prices often rise. Conversely, if there is an oversupply or mild weather, prices may drop.
The pricing of natural gas is typically measured in units called British thermal units (BTUs) or therms. Market exchanges, like the Henry Hub in the United States, serve as benchmarks for pricing. Additionally, natural gas prices can be influenced by the availability of alternative energy sources and government regulations.