Changes in U.S. residential natural gas prices lag spot prices

Monthly average natural gas wholesale spot prices at the U.S. benchmark Henry Hub have been generally declining so far in 2023, but these relatively low prices do not immediately translate into lower retail prices for residential consumers. Changes in retail natural gas prices lag changes in wholesale natural gas prices, largely due to the nature of utility regulation. Over longer periods, changes in natural gas wholesale and retail prices are more closely correlated.

Full article at eia.gov