US Natgas Prices Drop on Warm Weather

2026-03-30 14:31 By Agna Gabriel 1 min. read

US natural gas futures dropped to $2.82 per MMBtu, their lowest level in over a month, as warmer weather forecasts across the eastern US reduced demand expectations heading into spring.

Temperatures are now seen above average from March 30 to early April and again mid month, limiting heating needs and supporting expectations of rising stockpiles.

While the EIA reported a larger than usual storage draw last week, it is widely seen as the final withdrawal of the winter season, with inventories projected to shift from a small surplus in mid March to a much larger surplus by mid April.

Meanwhile, President Trump said a deal to end Middle East war is likely but warned of potential strikes on Iran’s oil infrastructure if the Strait of Hormuz is not reopened.

Despite the tensions, US gas prices remain relatively stable due to strong production, ample inventories, and limited short-term exposure to global markets.

Prices were down 1% so far this month, on track for a second monthly decline.



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