Natural Gas Curve Prices a $1+ Winter Premium as October Takes the Front

The October 2026 Henry Hub contract now leads the curve near $2.94/mmbtu, while January 2027 sits at $3.97 — a winter premium exceeding $1/mmbtu (CME Group). That gap prices heating-season risk: colder months burn more gas for heat, tightening supply. The October contract rolled to the front after two weeks of weather-driven gains ended August 28 (WSJ).