US Natgas Prices Climb to 1-Month High

2026-08-27 03:38 By Judith Sib-at 1 min. read

US natural gas prices rose further to around $2.91/MMBtu on Thursday, the highest level in a month, as forecasts for several more weeks of hot weather lifted expectations for stronger cooling demand.

Well-above-average temperatures are expected across the eastern two-thirds of the US from August 31 through September 4, the Commodity Weather Group said on Wednesday, likely sustaining gas demand from power generators as air-conditioning use remains elevated.

Attention now turns to the weekly storage report, with expectations pointing to a smaller-than-normal inventory build.

These factors helped offset downward pressure from strong domestic production, with output in the Lower 48 states averaging a record 111.4 bcfd so far in August, up from 110.7 bcfd in July.

Meanwhile, average gas flows to the nine major LNG export facilities fell slightly to 17.1 bcfd so far this month from 17.2 bcfd in July, although signs are emerging of a recovery in LNG demand.



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US Natgas Prices Climb to 1-Month High
US natural gas prices rose further to around $2.91/MMBtu on Thursday, the highest level in a month, as forecasts for several more weeks of hot weather lifted expectations for stronger cooling demand. Well-above-average temperatures are expected across the eastern two-thirds of the US from August 31 through September 4, the Commodity Weather Group said on Wednesday, likely sustaining gas demand from power generators as air-conditioning use remains elevated. Attention now turns to the weekly storage report, with expectations pointing to a smaller-than-normal inventory build. These factors helped offset downward pressure from strong domestic production, with output in the Lower 48 states averaging a record 111.4 bcfd so far in August, up from 110.7 bcfd in July. Meanwhile, average gas flows to the nine major LNG export facilities fell slightly to 17.1 bcfd so far this month from 17.2 bcfd in July, although signs are emerging of a recovery in LNG demand.
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US natural gas prices rose to $2.80/MMBtu on Wednesday, recovering from a one-week low reached in the previous session as forecasts for hotter weather lifted expectations for stronger cooling demand. According to the Commodity Weather Group, forecasts shifted toward hotter conditions, with above-average temperatures anticipated across the Gulf, Midwest, and Mid-Atlantic regions from August 30 through September 8. However, price gains were capped by strong domestic production, which added to oversupply concerns. Lower-48 output averaged a record 111.4 bcfd so far in August, up from 110.7 bcfd in July, while inventories remained 6.7% above the five-year seasonal average as of August 14. Softer LNG export activity has also weighed on prices, with average gas flows to the nine major LNG export facilities falling slightly to 17.1 bcfd so far this month from 17.2 bcfd in July, leaving more natural gas available for domestic use.
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