Natural gas

Natural Gas prices rallied 1.58 USD/MMBtu or 61.96 percent during the last 12 months. Historically, from 1990 until 2013, Natural gas averaged 4.0 USD/MMBtu reaching an all time high of 15.4 USD/MMBtu in December of 2005 and a record low of 1.1 USD/MMBtu in January of 1992. Natural gas accounts for almost a quarter of United States energy consumption, and the NYMEX Division natural gas futures contract is widely used as a national benchmark price. The futures contract trades in units of 10,000 million British thermal units (mmBtu). The price is based on delivery at the Henry Hub in Louisiana, the nexus of 16 intra- and interstate natural gas pipeline systems that draw supplies from the region's prolific gas deposits. The pipelines serve markets throughout the U.S. East Coast, the Gulf Coast, the Midwest, and up to the Canadian border. This page includes a chart with historical data for Natural Gas.

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Commodity | Notes

Commodity futures are standardized contracts for the purchase and sale of physical commodities for future delivery on a regulated commodity futures exchange. The commodity futures contract price is determined by the equilibrium between supply and demand among competing buy and sell orders on the exchange at the time of the purchase or sale of the contract. Unlike options, a futures contract gives the holder the obligation to make or take delivery under the terms of the contract. An option grants the buyer the right, but not the obligation, to establish a position previously held by the seller of the option.










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