CME quotes December 2026 gas at 3.734 vs November at 3.087

November 2026 Henry Hub futures were quoted at 3.087 and December at 3.734 on CME Group, a $0.647 gap. That premium for peak heating month over shoulder month is called contango — it prices storage and delivery costs. I see winter heating-bill pressure priced in, though outrights can shift fast with weather.