Natural Gas Is Cheap Going Into Winter, and Your Heating Bill Needs the Help

The one bill with a downward signal attached right now is the one you cannot see. Natural gas traded at $2.81 per million Btu at Henry Hub on September 9, 2026, according to Federal Reserve data carried on FRED, and the Energy Information Administration's September Short-Term Energy Outlook expects near-term prices to stay below $3 until November. The supply picture behind that number is unusually friendly: record dry gas production of 111.7 Bcf/d this year, and 3,969 Bcf in storage at the end of October, the highest pre-winter level since 2016 and 5 percent above the five-year average, per the EIA's September outlook released September 9. The American Gas Association's winter heating outloo…