US Natgas Prices Fall to 4-Month Low

2026-02-16 03:58 By Erika Ordonez 1 min. read

US natural gas futures slumped to around $3.02 per MMBtu, reversing gains from the previous session and marking its lowest level in four months, as forecasts for warmer weather reduced expectations for heating demand.

Central and southern areas of the US are anticipated to see above-average temperatures over the coming two weeks, according to NOAA.

The March contract spiked last month to a three-year high following a winter storm that pushed up demand and temporarily disrupted supply.

The sharp Monday move also reflected thin holiday liquidity for President’s Day, which can amplify price swings.

Settlements and normal trading will resume Tuesday, with the market closely watching the weather outlook and storage reports for guidance on near-term price direction.

Meanwhile, fundamentals remain supportive.

US working gas inventories are roughly 130 bcf below the five-year average, while LNG exports continue near record levels, sustaining structural demand.



News Stream
US Natgas Prices Fall to 4-Month Low
US natural gas futures slumped to around $3.02 per MMBtu, reversing gains from the previous session and marking its lowest level in four months, as forecasts for warmer weather reduced expectations for heating demand. Central and southern areas of the US are anticipated to see above-average temperatures over the coming two weeks, according to NOAA. The March contract spiked last month to a three-year high following a winter storm that pushed up demand and temporarily disrupted supply. The sharp Monday move also reflected thin holiday liquidity for President’s Day, which can amplify price swings. Settlements and normal trading will resume Tuesday, with the market closely watching the weather outlook and storage reports for guidance on near-term price direction. Meanwhile, fundamentals remain supportive. US working gas inventories are roughly 130 bcf below the five-year average, while LNG exports continue near record levels, sustaining structural demand.
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