13+ What Is The Price Of Natural Gas Per Mcf US. You can convert natural gas prices from one price basis to another with these formulas (assuming a heat content of natural gas of 1,037 btu per cubic foot): However, natural gas prices may also be linked to the price of crude oil and petroleum products, especially in continental europe.
Natural gas is a material found underground, formed over 1 mcf equals 1000 cubic feet, which is equivalent to about 10 therms.
Check out how the natural gas price per therm or cubic foot is determined, and the market factors that affect what is natural gas and what affects natural gas prices? For example, average 2008 wholesale price of (for comparison consider that oil prices averaged $97 in 2008 and are now back near $97) (for north sea brent). Gas prices rise and then fall because of high oil prices, commodities traders, and supply and demand. One mcf is equal to approximately 1 million british thermal units (btus).