The Henry Hub natural gas price dataset
The Henry Hub natural gas price dataset provides daily spot prices of the US benchmark for natural gas since 1997. Henry Hub (Louisiana) is the physical delivery point for NYMEX natural gas futures and the reference price for North American gas markets. With the growth of US LNG exports, this price increasingly influences global energy markets.
Dataset: Natural Gas Price — Henry Hub (1997–2026) · Updated 2026-04-06
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Source: FRED series DHHNGSP · Federal Reserve Bank of St. Louis
Macro Takeaway
Natural gas prices are among the most volatile commodity prices — with a coefficient of variation exceeding that of crude oil. The shale revolution (2008–2015) structurally broke the price from its pre-shale average of $6–8/MMBtu to a new range of $2–4/MMBtu, making US natural gas the cheapest in the developed world. This transformation drove a massive coal-to-gas shift in electricity generation and made the US a net LNG exporter by 2016.
Extreme spikes remain possible: prices exceeded $9/MMBtu in 2022 following the Russia-Ukraine energy shock, and briefly touched $14/MMBtu at Dutch TTF (the European benchmark). The structural question is whether growing LNG export capacity will gradually reconnect US gas prices to higher global benchmarks — eliminating the domestic price discount that has underpinned US industrial competitiveness.
Dataset Overview
| Indicator | Natural Gas Price — Henry Hub |
|---|---|
| Geography | United States |
| Frequency | Daily |
| Period | 1997–2026 |
| Variables | date, natgas_price_usd |
| Format | CSV, Excel (XLSX) |
| Sources | FRED series DHHNGSP — Federal Reserve Bank of St. Louis |
| Last updated | — |
Dataset Variables
The CSV and Excel files contain the following columns.
| Column | Type | Description |
|---|---|---|
date | Date | Observation date |
natgas_price_usd | Float | Henry Hub natural gas spot price in USD per million BTU — the US energy benchmark for electricity generation, heating, and LNG exports. |
Column names match the CSV headers exactly.
Download the Complete Dataset
The full dataset is available in CSV and Excel formats.
FRED Direct CSV Access
The raw data is available via FRED under code DHHNGSP:
https://fred.stlouisfed.org/graph/fredgraph.csv?id=DHHNGSP
The Eco3min version provides a clean, analysis-ready format with consistent column names, pre-calculated derived metrics where applicable, and both CSV and Excel downloads.
Direct CSV Access — Eco3min Structured Dataset
https://eco3min.fr/dataset/natural-gas-price.csv
This URL returns the complete dataset in CSV format. It can be used directly in pandas, R, curl, or any data tool.
Using the Dataset in Python
import pandas as pd
url = "https://eco3min.fr/dataset/natural-gas-price.csv"
df = pd.read_csv(url)
print(df.head())
print(f"Latest value: {df['natgas_price_usd'].iloc[-1]:.2f}")
Using the Dataset in R
library(readr) url <- "https://eco3min.fr/dataset/natural-gas-price.csv" df <- read_csv(url) head(df) summary(df$natgas_price_usd)
Both examples load the dataset directly from the URL — no download or API key required.
Historical Regimes
1997–2008 — Pre-shale volatility. Prices ranged from $1.50 to $15/MMBtu with extreme seasonal and hurricane-driven spikes. The 2005 Katrina-driven spike to $15 and the 2008 oil-correlated surge defined this era of supply fragility.
2008–2020 — Shale abundance. The Marcellus and Permian shale revolutions flooded the market. Prices collapsed to $1.50–3.50/MMBtu, the longest sustained low-price period in the dataset. Associated gas from oil drilling added further supply pressure.
2020–2022 — Energy crisis. Post-COVID demand recovery, the Russia-Ukraine conflict, and LNG export growth drove prices from $1.50 (June 2020) to $9.50 (August 2022) — a 6× increase in two years.
2023–2026 — New equilibrium. Warm winters and continued production growth pushed prices back to $2–3/MMBtu. The market is testing whether structural LNG export demand creates a durable floor above pre-shale-era lows.
Related Macroeconomic Datasets
- WTI Crude Oil Price — The other US energy benchmark
- Brent Crude Oil Price — Global energy pricing reference
- US CPI Inflation History — Energy’s transmission channel to consumer prices
- US Producer Price Index — Pipeline inflation — energy leads PPI
Related Research
Frequently Asked Questions
Why are US natural gas prices so much lower than European prices?
The US produces abundant shale gas domestically, while Europe imports most of its gas (historically from Russia, now via LNG). LNG export capacity creates a price bridge but transportation and liquefaction costs maintain a structural spread of $3–8/MMBtu between Henry Hub and European TTF benchmarks.
How do I download the natural gas price (Henry Hub) dataset as CSV?
You can download the complete dataset directly from this page in CSV or Excel format — no signup or API key needed. The CSV is also available as a direct URL (https://eco3min.fr/dataset/natural-gas-price.csv) for use in Python, R, or any data tool.
Macroeconomic Dataset Hub
This dataset is part of the Eco3min macro-financial data repository. Explore all available datasets including inflation, interest rates, equity returns, credit spreads, and currency indicators.
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Sources
- Federal Reserve Bank of St. Louis — FRED series DHHNGSP
Suggested Citation
Last updated — 13 April 2026