Commodities
Natural gas price chart
US natural gas is a domestically produced fuel used for heating, electricity generation and industrial processes, benchmarked at the Henry Hub distribution point in Louisiana. The chart tracks its US dollar price per million British thermal units (MMBtu).
The chart shows a CFD (contract for difference) that tracks the US natural gas futures market, not a NYMEX futures contract itself. It is a derivative designed to follow the underlying price on a continuous basis.
Natural gas chart
OANDA:NATGASUSDCFD on US natural gas (OANDA NATGASUSD).
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At a glance
| Full name | US natural gas (Henry Hub) |
|---|---|
| Common ticker | NATGAS / NG |
| TradingView symbol | OANDA:NATGASUSD |
| Instrument type shown | CFD tracking US natural gas futures |
| Underlying market / benchmark | Henry Hub, Louisiana, the delivery point for NYMEX (CME Group) Natural Gas futures |
| Quotation unit | US dollars per million British thermal units (MMBtu) |
| Market schedule | Trades close to 24 hours a day, five days a week, with a short daily break |
| Spot vs futures vs CFD | The exchange-listed instrument is a futures contract with monthly delivery months; the CFD shown here tracks that futures price continuously |
| Contract month / rollover | The front-month NYMEX Natural Gas contract expires monthly, and natural gas futures curves often show pronounced seasonal shape reflecting winter heating demand; continuous charts roll between months |
| Data delay | Real-time streaming price from the data provider |
What is Natural gas?
Natural gas is produced from dedicated gas wells and as associated gas alongside oil production, particularly from US shale basins. It is transported by an extensive pipeline network and, increasingly, exported as liquefied natural gas (LNG) by sea.
The US benchmark price is set at Henry Hub, a pipeline interconnection point in Erath, Louisiana, that is the delivery location for the NYMEX Natural Gas futures contract traded on CME Group. Unlike oil, natural gas is much less internationally fungible because it typically requires pipelines or costly LNG infrastructure to transport, so regional prices (US, European, Asian) can diverge substantially.
How to read this chart
Rising natural gas prices often reflect colder-than-expected winter weather, hotter-than-expected summer weather increasing electricity demand for cooling, falling storage levels, or strong LNG export demand; falling prices can reflect mild weather, high production or rising storage inventories.
Because natural gas demand is highly seasonal, the futures curve typically shows higher prices for winter delivery months than for shoulder-season months; a continuous chart rolling between contract months can show step changes at rollover that reflect this seasonal shape rather than a change in the immediate market view.
US natural gas prices are largely disconnected from oil prices and from European or Asian gas benchmarks, since limited pipeline and LNG capacity constrains arbitrage between regions; the price shown here reflects US domestic conditions specifically.
What moves it?
- Weather and degree days
- Heating degree days in winter and cooling degree days in summer directly drive gas demand for home heating and for gas-fired power generation used for air conditioning.
- Weekly storage reports
- The US Energy Information Administration's weekly natural gas storage report shows how much gas is held in underground storage relative to seasonal norms, a closely watched short-term price driver.
- LNG export capacity
- US liquefied natural gas export terminals allow domestic gas to reach international buyers; growth in export capacity has increasingly linked US prices to global gas demand.
- Associated gas production
- A meaningful share of US gas is produced alongside oil drilling; changes in oil drilling activity can therefore affect gas supply independently of gas-specific price incentives.
Why businesses and investors monitor it
Utilities, manufacturers and any business with significant heating or gas-fired power costs use this price for budgeting, hedging discussions and energy procurement contracts.
Because gas prices affect electricity generation costs in many markets, finance and operations teams also monitor it as a leading indicator of near-term energy cost pressure, particularly heading into winter.
Natural gas vs WTI crude oil
Natural gas and WTI crude oil are both US-benchmarked energy commodities, but they behave very differently. Oil is a globally traded, seaborne-transportable commodity linked to international benchmarks, whereas US natural gas is largely a regional market shaped by pipeline infrastructure and, increasingly, LNG export capacity.
Natural gas also shows far more pronounced seasonality than oil, with prices typically higher heading into winter heating season, while oil demand is comparatively steady through the year and driven more by macroeconomic and geopolitical factors.
Frequently asked questions
Why is Henry Hub the benchmark location?
Henry Hub is a major pipeline interconnection point in Louisiana with access to numerous supply and demand regions, which made it the delivery point for the NYMEX Natural Gas futures contract.
Why does US gas trade so differently from European gas prices?
Limited pipeline and LNG infrastructure between regions restricts arbitrage, so US, European and Asian gas prices can diverge significantly based on local supply and demand.
Why is natural gas so seasonal?
Demand rises sharply for winter heating and, to a lesser extent, summer cooling, while production is comparatively steady, producing a seasonal futures curve.
Does the chart reflect physical gas held in storage?
No. It is a CFD tracking the futures market price; it does not represent ownership of physical gas or storage capacity.
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Sources
Written and maintained by the StandardsDesk editorial team. Last reviewed 2026-08-06. The explanatory text on this page is evergreen: it is not updated with market movements, and no current price or level is quoted anywhere outside the chart.
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