HeatingCost

Natural gas prices in New York this week

$16.85per Mcf
12% above the previous winter
9% above the five-year average

EIA residential average, winter 2025-26 average (December through March). Summer monthly figures are left out because fixed charges spread over tiny volumes make them look two to three times higher than what heating actually costs.

10.9416.4521.9627.4832.99202120222023202420252026

Five-year price history, EIA. Dashed line is the five-year average.

What this price means for your bill

At $16.85 per Mcf, a 10 Mcf month (about 104 therms) costs about $168. That works out to about $1.62 per therm. Burned in a gas furnace or boiler running at 92% efficiency, that is $17.68 per million BTU of heat delivered into the house, which is the number to use when comparing against anything else.

The price is within about 10% of its five-year average, which is as close to normal as natural gas gets. Topping off on your usual schedule is reasonable; there's no strong signal either way. Compared with the previous winter it is 12% higher. We don't forecast prices. What we can tell you is where this week sits against history, and how the fuel compares with the alternatives at today's numbers.

How natural gas compares in New York right now

Cost per million BTU delivered, at this week's New York prices and typical equipment efficiencies. The cheapest option is natural gas at $17.68, if a gas main runs past your house.

Pellet, cordwood and kerosene prices are national averages; everything else is the New York figure. Change any price or efficiency in the calculator.

Shopping for natural gas? Dealer prices in the same town routinely differ by 30 to 60 cents a gallon, and the state average above is just that, an average. Get two or three quotes before you fill.

Thinking about switching? Run your own numbers in the calculator, or see how a heat pump compares on the natural gas comparison page.

Natural gas prices in other states