Natural Gas Curve Prices a $1+ Winter Premium

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