US natural gas futures climbed further to above $3.30 per MMBtu, their highest level since early February, after government data showed a smaller-than-expected storage build last week. The EIA reported that utilities added 92 billion cubic feet of gas to storage in the week ended May 22, below forecasts for a 95 to 96 bcf increase and lower than the 104 bcf injection recorded a year earlier. Total inventories rose to 2.483 trillion cubic feet, around 0.9% above year-ago levels and 6.2% higher than the five-year seasonal average, with the surplus over the average narrowing to 144 bcf from 149 bcf the previous week. US gas production in the Lower 48 states eased to 109.4 bcfd in May from 109.8 bcfd in April, while flows to major LNG export plants also declined due to seasonal maintenance work. Weather forecasts point to mostly normal conditions through mid-June. US gas prices are on track for a monthly gain of more than 19%, following a 4.1% decline in April.
Natural gas fell to 3.27 USD/MMBtu on May 29, 2026, down 0.37% from the previous day. Over the past month, Natural gas's price has risen 18.29%, but it is still 5.05% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Natural gas reached an all time high of 15.78 in December of 2005. Natural gas - data, forecasts, historical chart - was last updated on May 30 of 2026.
Natural gas fell to 3.27 USD/MMBtu on May 29, 2026, down 0.37% from the previous day. Over the past month, Natural gas's price has risen 18.29%, but it is still 5.05% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas is expected to trade at 3.00 USD/MMBtu by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3.78 in 12 months time.