US Natgas Prices Fall by Over 2%

2026-08-13 14:43 By Agna Gabriel 1 min. read

US natural gas prices fell more than 2% to around $2.73 per million British thermal units on Thursday, as strong production and ample inventories outweighed continued weather-driven demand.

Energy companies added 36 billion cubic feet of gas to storage in the week ended August 7, above market expectations and the five-year average of 33 bcf.

Production in the Lower 48 states averaged a record 111.2 bcfd in August, up from 110.7 bcfd in July, helping keep inventories above their five-year average since March.

However, hotter-than-normal weather is expected to persist through August 28, supporting electricity demand for air conditioning and limiting the downside for gas prices.

Meanwhile, around 490,000 homes and businesses remained without power after severe storms hit the US Midwest.

Gas flows to the nine major US LNG export facilities eased to 17.1 bcfd in August, below July’s 17.2 bcfd and June’s monthly record of 17.4 bcfd.



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US Natgas Prices Fall by Over 2%
US natural gas prices fell more than 2% to around $2.73 per million British thermal units on Thursday, as strong production and ample inventories outweighed continued weather-driven demand. Energy companies added 36 billion cubic feet of gas to storage in the week ended August 7, above market expectations and the five-year average of 33 bcf. Production in the Lower 48 states averaged a record 111.2 bcfd in August, up from 110.7 bcfd in July, helping keep inventories above their five-year average since March. However, hotter-than-normal weather is expected to persist through August 28, supporting electricity demand for air conditioning and limiting the downside for gas prices. Meanwhile, around 490,000 homes and businesses remained without power after severe storms hit the US Midwest. Gas flows to the nine major US LNG export facilities eased to 17.1 bcfd in August, below July’s 17.2 bcfd and June’s monthly record of 17.4 bcfd.
2026-08-13
Natural Gas Market Balances Heat and Strong Supply
US natural gas prices fluctuated around $2.75-2.80 per million British thermal units as investors weighed hotter weather forecasts and rising LNG demand against strong supply levels. Forecasts now point to significantly hotter conditions across the central and southern US, which could boost electricity demand as consumers increase air-conditioning use and raise gas consumption by power generators. Also, flows to US LNG export terminals on the Gulf Coast climbed to their highest level in more than a month as some facilities appeared to complete seasonal maintenance, reducing gas available to the domestic market. However, elevated inventories continue to limit the upside, with storage expected to remain 6.6% above the five-year average for the week ending August 7. Strong production and additional supply from West Texas pipelines coming online are also expected to keep the market well supplied.
2026-08-11
US Natgas Prices Rise on Strong LNG Demand
US natural gas prices rose above $2.7 per MMBtu, supported by stronger demand from liquefied natural gas (LNG) export facilities. Daily flows to the nine major US LNG export plants were on track to reach a one-month high of 17.9 bcfd. Also, average feedgas demand stood at 17.2 bcfd in July, just below June’s monthly record of 17.4 bcfd. Meanwhile, natural gas production in the Lower 48 states averaged a record 111.2 bcfd in August, up from 110.7 bcfd in July. Strong output and relatively mild weather earlier this year have kept inventories above the five-year average since March. Analysts expect the storage surplus to narrow slightly to 6.6% above normal for the week ending August 7. However, forecasts point to continued above-normal temperatures through August 25, which should sustain gas demand from power generators as air-conditioning use remains elevated.
2026-08-10