Natural gas price volatility hit an all-time record earlier this year and remains elevated on weather-driven demand and soaring LNG exports, among other factors, according to the Energy Information Administration (EIA). 

EIA said volatility, a measure of how much daily prices change, reached its highest level in 20 years in February. The 30-day historical volatility of U.S. natural gas prices, based on the Henry Hub front-month futures prices, averaged 179% in February, compared to the five-year average of 48%, the agency said in its weekly gas note. 

During 1Q2022, natural gas price volatility averaged 124%, compared to 75% in the second quarter, EIA said. 

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