US natural gas prices were above $3.20 per million British thermal units, approaching a three-week high after government data showed a smaller-than-expected increase in storage. The EIA reported an injection of 67 billion cubic feet for the week ending October 9, below forecasts of 76 bcf and the five-year average of 90 bcf. Total inventories reached 3.567 trillion cubic feet, leaving stocks 3.9% below year-earlier levels but 1.3% above the seasonal norm. Supply constraints have also supported prices, with Lower 48 production averaging 110.8 billion cubic feet per day so far in October, down from record levels of 113.3 bcfd in August and September. Hurricane-related shutdowns, force majeure events and pipeline disruptions contributed to the decline. However, forecasts for milder-than-usual weather through October 29 could restrain heating and cooling demand. Meanwhile, average feedgas deliveries to major US LNG export terminals slipped to 17.5 bcfd from 17.9 bcfd in September.
Natural gas fell to 3.10 USD/MMBtu on October 16, 2026, down 4.34% from the previous day. Over the past month, Natural gas's price has risen 6.71%, and is up 2.92% 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 October 16 of 2026.
Natural gas fell to 3.10 USD/MMBtu on October 16, 2026, down 4.34% from the previous day. Over the past month, Natural gas's price has risen 6.71%, and is up 2.92% 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 3.39 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 4.12 in 12 months time.