US natural gas prices declined to $2.70 per MMBtu, reaching their lowest level in more than three months, as expectations for weaker demand and milder weather weighed on the market. Forecasts pointed to moderating temperatures across much of the country in the coming weeks, reducing the likelihood of a significant increase in gas consumption. Prices have also been pressured by record production levels and ample inventories, with storage volumes remaining above the five-year average since March due to strong output and mild spring conditions. Analysts expect inventories to stand around 6.6% above normal for the week ended July 31. US Lower 48 gas production averaged a record 110.7 billion cubic feet per day in July, while flows to major LNG export facilities declined due to maintenance disruptions. Meanwhile, improving prospects for a US-Iran agreement and potential reopening of the Strait of Hormuz further reduced energy market concerns and added downward pressure on prices.
Natural gas fell to 2.67 USD/MMBtu on August 6, 2026, down 0.81% from the previous day. Over the past month, Natural gas's price has fallen 18.34%, and is down 13.07% compared to the same time last year, 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 August 6 of 2026.
Natural gas fell to 2.67 USD/MMBtu on August 6, 2026, down 0.81% from the previous day. Over the past month, Natural gas's price has fallen 18.34%, and is down 13.07% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas is expected to trade at 2.87 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 3.54 in 12 months time.