The Henry Hub spot price averaged $9.13/Mcf in 2008 but ended the year averaging $5.99/Mcf in December. The US Energy Information Administration cut its projected 2009 average Henry Hub spot price to $5.78/Mcf in January ($5.52/MMBtu) from its December forecast that prices would average $6.25/Mcf this year. Prices are expected to begin to increase in 2010 as the economy improves. EIA predicted prices to average $6.63/Mcf in 2010. Henry hub is the key marker for prices in the states, but the prices in the states are not necessarily the key indicator for prices in the rest of the world. If there is a lot of demand in Europe and in the States the gas will tend to go to Europe because the prices will tend to be higher. HH denotes the prices in the swing market in the states. Swing market is a market where there is a large potential ability to put in and extract quantities from the market place and thus prices will tend to fluctuate. Europe is more driven than the US by direct relationship between oil and gas. Much more of the market in the states is driven by a supply demand spot market and so the US market is the market of last resort in the Atlantic.