Natural gas prices have skyrocketed in recent weeks as President Joe Biden’s deal to send more to Europe has reportedly cut into U.S. supplies.
The Henry Hub natural gas spot price, an indicator of U.S. gas prices, hit $7.98 per million British thermal units (MMBtu) on Monday while May 2022 futures hit $7.87 per MMBtu and December 2022 futures traded at $8.31 per MMBtu, according to the latest CME Group marketplace data. The average price of natural gas was $3.26 per MMBtu between 2010-2021 by comparison, federal data showed.
The Daily Caller was founded in 2010 by Tucker Carlson, a 20-year veteran journalist, and Neil Patel, former chief policy advisor to Vice President Cheney, The Daily Caller is one of America’s largest and fastest-growing news publications. Our team of experienced, full-time reporters and editors works around the clock to deliver award-winning original reporting, in-depth investigations, entertainment, thought-provoking commentary and up-to-the-second breaking news. Visit https://dailycaller.com