US natural gas futures fell to around $2.72 per MMBtu, extending losses to their lowest level in three months, as strong production, comfortable inventory levels, and weak LNG feedgas demand continue to weigh on prices. Average gas output in the US Lower 48 states rose to 110.6 bcfd so far in July from 110.0 bcfd in June, matching the monthly record high reached in December 2025. The increase in production has added to concerns over an oversupplied market, with inventories remaining 6.4% above the five-year seasonal average as of July 17 and expected to rise to 6.6% above normal for the week ending July 24. LNG export demand also softened, with gas flows to major export terminals averaging 17.2 bcfd so far this month, down slightly from 17.4 bcfd in June, partly due to scheduled maintenance at Freeport LNG’s facility in Texas. Meanwhile, temperatures are forecast to remain mostly above normal through August 11, likely keeping power generators’ gas demand elevated to meet cooling needs.

Natural gas fell to 2.72 USD/MMBtu on July 28, 2026, down 1.73% from the previous day. Over the past month, Natural gas's price has fallen 14.52%, and is down 13.46% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Natural gas reached an all time high of 15.78 in December of 2005. Natural gas - data, forecasts, historical chart - was last updated on July 28 of 2026.

Natural gas fell to 2.72 USD/MMBtu on July 28, 2026, down 1.73% from the previous day. Over the past month, Natural gas's price has fallen 14.52%, and is down 13.46% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas is expected to trade at 3.02 USD/MMBtu by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3.71 in 12 months time.



Price Day Month Year Date
Crude Oil 81.41 -1.197 -1.45% 15.07% 17.63% Jul/28
Brent 86.94 -1.425 -1.61% 17.62% 21.28% Jul/28
Natural gas 2.73 -0.0347 -1.25% -14.11% -13.04% Jul/28
Gasoline 3.32 -0.0031 -0.09% 14.58% 49.71% Jul/28
Heating Oil 4.16 0.0529 1.29% 30.68% 70.04% Jul/28
Coal 130.30 -0.30 -0.23% 2.04% 12.81% Jul/27
EU Gas 57.37 -0.96 -1.65% 33.98% 65.17% Jul/28
UK Gas 138.74 -2.0240 -1.44% 35.27% 62.42% Jul/28
Ethanol 1.93 -0.0150 -0.77% 2.66% 9.50% Jul/27
Naphtha 754.66 -55.69 -6.87% 23.44% 36.49% Jul/27
Propane 0.72 -0.03 -4.11% -1.03% 0.07% Jul/27
Uranium 86.30 0.2500 0.29% 1.41% 21.04% Jul/27
Methanol 2,568.00 -14.00 -0.54% 2.35% 6.34% Jul/28



Related Last Previous Unit Reference
United States API Crude Oil Stock Change 2.60 -0.56 BBL/1Million Jul 2026
United States Crude Oil Stocks Change 2.01 -1.69 BBL/1Million Jul 2026
United States Gasoline Stocks Change 765.00 -1533.00 Thousand Barrels Jul 2026
United States Natural Gas Stocks Change 32.00 41.00 billion cubic feet Jul 2026

Natural gas
Natural gas is a key global energy commodity and a major component of electricity generation, heating, and industrial activity. Its prices are closely monitored due to their impact on energy costs, economic activity, and seasonal demand patterns. Natural gas futures in the United States are based on delivery at the Henry Hub in Louisiana, a central distribution point connected to an extensive network of interstate and intrastate pipelines supplying gas from major producing regions. Each contract is traded in units of 10,000 million British thermal units (mmBtu). Natural gas accounts for a significant share of U.S. energy consumption, with the United States being the world’s largest producer, followed by Russia. In recent years, the U.S. has also become the leading exporter of liquefied natural gas (LNG), supported by strong global demand and shifting supply dynamics. Natural gas prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
2.72 2.77 15.78 -1.00 1990 - 2026 USD/MMBtu Daily

News Stream
US Natural Gas Hits 3-Month Low
US natural gas futures fell to around $2.72 per MMBtu, extending losses to their lowest level in three months, as strong production, comfortable inventory levels, and weak LNG feedgas demand continue to weigh on prices. Average gas output in the US Lower 48 states rose to 110.6 bcfd so far in July from 110.0 bcfd in June, matching the monthly record high reached in December 2025. The increase in production has added to concerns over an oversupplied market, with inventories remaining 6.4% above the five-year seasonal average as of July 17 and expected to rise to 6.6% above normal for the week ending July 24. LNG export demand also softened, with gas flows to major export terminals averaging 17.2 bcfd so far this month, down slightly from 17.4 bcfd in June, partly due to scheduled maintenance at Freeport LNG’s facility in Texas. Meanwhile, temperatures are forecast to remain mostly above normal through August 11, likely keeping power generators’ gas demand elevated to meet cooling needs.
2026-07-28
US Natural Gas Drops to Over 11-Week Low
US natural gas futures slid more than 3.5% to $2.77 per MMBtu on Monday, the lowest since May 8, tracking the decline in global energy prices as Middle East hostilities paused. Iran said on Sunday that it had halted retaliatory attacks against US allies in the region after Washington stopped its strikes on the country since Friday. US gas prices also dropped amid ample supply conditions, with EIA data showing that gas inventories remained 6.4% above the five-year seasonal average as of July 17, while average gas output in the Lower 48 states rose to 110.4 bcfd so far in July from 110.0 bcfd in June. LNG export demand also eased, with gas flows to major export terminals averaging 17.2 bcfd so far this month, slightly below 17.4 bcfd in June, partly due to scheduled maintenance at Freeport LNG’s facility in Texas. Meanwhile, temperatures are forecast to remain mostly above normal through August 8, which is likely to keep gas demand from power generators elevated to meet cooling needs.
2026-07-27
Natural gas Hits 10-week Low
Natural gas decreased to 2.82 USD/MMBtu, the lowest since May 2026. Over the past 4 weeks, Natural gas lost 11.27%, and in the last 12 months, it decreased 7.94%.
2026-07-27