US Natgas Prices Fall after EIA Data

2026-07-02 15:42 By Agna Gabriel 1 min. read

US natural gas futures dropped below $3.2 per MMbtu, driven by robust domestic supplies, falling oil prices, and shifting weather patterns.

According to the Energy Information Administration, energy firms injected a larger-than-expected 87 billion cubic feet of gas into storage for the week ending June 26, keeping total stockpiles roughly 6.2% above historical averages.

Looking ahead, meteorologists expect warmer-than-normal temperatures through mid-July.

Meanwhile, June production in the Lower 48 states averaged a strong 110 billion cubic feet per day, approaching record highs, while average flows to major liquefied natural gas export terminals reached 17.3 billion cubic feet per day.

Simultaneously, crude oil prices slid to prewar levels following diplomatic progress between the US and Iran regarding the Strait of Hormuz, dampening energy markets.



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US Natgas Prices Fall after EIA Data
US natural gas futures dropped below $3.2 per MMbtu, driven by robust domestic supplies, falling oil prices, and shifting weather patterns. According to the Energy Information Administration, energy firms injected a larger-than-expected 87 billion cubic feet of gas into storage for the week ending June 26, keeping total stockpiles roughly 6.2% above historical averages. Looking ahead, meteorologists expect warmer-than-normal temperatures through mid-July. Meanwhile, June production in the Lower 48 states averaged a strong 110 billion cubic feet per day, approaching record highs, while average flows to major liquefied natural gas export terminals reached 17.3 billion cubic feet per day. Simultaneously, crude oil prices slid to prewar levels following diplomatic progress between the US and Iran regarding the Strait of Hormuz, dampening energy markets.
2026-07-02
US Natgas Prices Rise as Record Heat Boosts Demand
US natural gas prices hovered at $3.20 per MMBtu, driven by increased flows to liquefied natural gas export plants and projections for record-breaking power demand. A severe heat wave is sweeping across the country, forcing residents to heavily rely on air conditioning. Temperatures in New York City are forecast to hit 100 degrees Fahrenheit, threatening to tie a 1966 record. With meteorologists predicting above-normal heat through mid-July, gas-fired plants, which provide roughly 40% of US electricity, are expected to burn significantly more fuel. Also, average gas flows to major export facilities increased to 17.4 billion cubic feet per day in June. Meanwhile, production in the Lower 48 states rose to an average of 110.0 billion cubic feet per day, up from 109.7 in May, and national inventories are anticipated to rise to 5.9% above normal levels.
2026-06-30
US Natgas Prices Edge Down
US natural gas prices fell to $3.17 per MMBtu, retreating from a three-week high of $3.3 hit on June 25, as cooling weather forecasts signaled a drop in air-conditioning demand and gas-fired electricity consumption. Despite this near-term price drop, raw data shows that export fundamentals remain robust. Average daily flows to major liquefied natural gas export terminals on the US Gulf Coast rose to 17.3 billion cubic feet so far in June, up from 17.1 billion cubic feet in May. This export growth was heavily supported by record feedgas activity at the Golden Pass facility in Texas. Meanwhile, domestic production across the Lower 48 states has been steady, averaging 109.7 billion cubic feet per day throughout June. US gas prices have fallen more than 3% so far this month but are up 10% for the second quarter.
2026-06-29