As yet another example of the cheap price of domestic natural gas, the Mid-Atlantic had the nation’s least expensive regional spot natural gas price posted by the Energy Information Administration (EIA) March 8 at only 0.89 cents/mmBtu.
In other words, Mid-Atlantic natural gas currently costs less than a soft drink in many places.
All 10 organized market regions reported spot natural gas prices of less than $2/mmBtu. Northern California reported the highest regional spot gas price of any market at $1.81.
The Nymex/Henry Hub price for April delivery of natural gas was listed by EIA at $1.69/mmBtu. That’s roughly $1.70 less than the same benchmark price during the first week of March 2015.