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of these markets rested on increasing international trade in natural gas that was contractually based on linking gas prices to oil product prices for both pipeline gas and its liquefi ed natural gas (LNG) counterpart. Th e United States, by contrast, pioneered commodity markets based on hub trading.
rising crude oil prices strong gasoline demand and ongoing refinery outages on the west coast contributed to an increase in u s regular gasoline retail prices from a monthly average of $ 2 47 gal in april to $ 2 80 gal in junehe henry hub natural gas spot price averaged $ 2 66 mmbtu in september a decrease of 11 cents mmbtu from the august price monthly average henry hub spot prices are forecast to remain lower than $ 3 mmbtu through january and lower than $ 3 50 mmbtu through the rest of the forecast