Natural Gas ($GAS) Commodity Forecast: Up 5.2% Today

What is Natural Gas?

Natural Gas is a widely used commodity for heating and electricity generation, with its prices highly influenced by weather forecasts, storage levels, and export activities.

Why is Natural Gas going up?

GAS commodity is up 5.2% on Jun 26, 2026 14:42

• Natural gas prices surged to a 3-week high of $3.28 per MMBtu due to increased flows to LNG export facilities and forecasts of warmer weather, boosting electricity demand for air conditioning.
• The hotter weather outlook through July 10, especially in regions like the mid-Atlantic and Upper Midwest, is expected to drive up gas-for-power demand, supporting prices.
• Additionally, expectations of a smaller-than-average storage build and improved LNG export activity contributed to the bullish movement in natural gas prices.
• The market movement was further fueled by record feedgas activity at export facilities like Golden Pass, despite steady production levels in the Lower 48 states.

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US Natgas Prices Rise to 3-Week High

US natural gas prices climbed toward $3.28 per MMBtu, the highest in three weeks, propelled by increased flows to liquefied natural gas export facilities and forecasts for warmer weather through July 10. This hotter weather is expected to drive up electricity demand for air conditioning in a country where gas-fired plants generate roughly 40% of the power supply. Average daily flows to major export plants rose to 17.3 billion cubic feet so far in June, up from 17.1 billion cubic feet in May, boosted by record feedgas activity at the Golden Pass facility in Texas. Simultaneously, the Energy Information Administration reported a near-normal storage injection of 76 billion cubic feet for the week ended June 19. This addition keeps domestic stockpiles about 5.7% above seasonal norms. At the same time, production in the Lower 48 states has been steady at 109.7 billion cubic feet per day so far in June, unchanged from the previous month.

US Natgas Prices Advance

US natural gas prices rose to around $3.24 per MMBtu as weather forecasts turned hotter, while investors awaited weekly inventory data. Forecasters said above-average temperatures are expected across the mid-Atlantic and Upper Midwest through July 3, lifting gas-for-power demand. Expectations of a smaller-than-average storage build also supported prices, with inventories forecast to increase by 67 bcf for the week ended June 19, below the five-year average gain of 75 bcf for the period. Additional support came from improved LNG export activity, with average gas flows to major US LNG export facilities rising to 17.3 bcfd so far in June from 17.1 bcfd in May, partly driven by record feedgas at the Golden Pass. Moreover, production in the US Lower 48 states fell to 109.5 bcfd so far in June from 109.7 bcfd in May.

US Natgas Prices Hold Decline

US natural gas prices hovered around $3.15 per MMBtu after falling more than 3% in the previous session, weighed down by abundant inventories and cooler weather pointing to softer demand. Weather forecasts indicate below-average temperatures across the Mid-Atlantic region between June 23 and 27, likely curbing air-conditioning-driven power demand. The cooler outlook follows a mild spring that enabled energy companies to build larger-than-usual gas inventories, with stockpiles currently around 5.8% above normal. In addition, recent maintenance-related reductions in gas flows to US LNG export terminals have redirected more supply to the domestic market. This added availability has more than offset a slight dip in production, with output in the Lower 48 states slipping to 109.5 bcfd so far in June from 109.7 bcfd in May.

US Natgas Prices Edge Down

US natural gas prices declined to $3.2 per MMBtu due to ample storage volumes and updated weather forecasts predicting cooler temperatures. Forecasters expect below-average temperatures in the mid-Atlantic region from June 23 to 27, which will likely reduce power demand for air conditioning. This weather shift follows a mild spring that allowed energy companies to aggressively stockpile gas, keeping domestic inventories approximately 5.8% above normal levels. Furthermore, a reduction in gas flows to US liquefied natural gas export terminals has diverted more supply into the domestic market. This increased availability has overshadowed a slight decline in production, as average daily gas output in the Lower 48 states dipped to 109.5 billion cubic feet so far in June from 109.7 billion cubic feet in May.

US Natgas Prices Ease

US natural gas prices dropped to $3.23 per MMBtu after hitting a more than two-week high in the previous session on higher gas flows to LNG export facilities and forecasts of warmer weather. Average flows to major LNG export terminals edged up to 17.2 bcfd so far in June from 17.1 bcfd in May, as liquefaction units, including those at Freeport LNG, returned from maintenance outages. At the same time, forecasts indicate temperatures will remain above normal through July 7, likely increasing gas demand from power generators as air conditioning use rises. On the supply side, average production in the Lower 48 states remained unchanged at 109.7 bcfd so far in June. Inventories remained around 5.8% above normal as of the week ending June 19, signaling a well-supplied market. Separately, two LNG carriers were reportedly en route directly from the US to China.

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Natural Gas Price History

23.03.2026 - GAS Commodity was down 5.1%

• Natural gas futures fell due to a combination of factors including a recent increase in production, near-record flows to LNG export facilities, and mild spring weather allowing for strong storage injections.
• The market was also influenced by hopes for a negotiated end to the Middle East conflict, with news of US Vice President JD Vance's upcoming peace talks in Pakistan and Iran's potential delegation participation.
• Despite some attempts at a rebound supported by a drop in output and expectations of stronger demand, prices remained close to their lowest levels since October 2024 due to a persistent storage surplus and forecasts of warmer-than-normal conditions limiting heating demand.

23.03.2026 - GAS Commodity was down 5.0%

• Natural gas futures fell due to ample storage levels, strong injections into inventories, and mild spring weather keeping heating demand subdued.
• Despite recent production declines and near-record flows to LNG export facilities, the market remained under pressure from the large storage surplus.
• Forecasts of warmer weather across the US Midwest through late April are expected to further reduce heating demand and limit power-sector consumption, leading to a bearish sentiment in the natural gas market.
• The broader decline in energy markets, influenced by hopes for a negotiated end to the Middle East conflict, also contributed to the drop in natural gas prices today.

12.04.2026 - GAS Commodity was up 5.0%

• Natural gas prices surged to over a 6-week high of $2.91 per MMBtu due to declining production and the restart of a liquefaction train at a LNG export facility, indicating a tightening supply scenario.
• The continued drop in output, especially by major producers, in response to weak spot prices, has contributed to the bullish trend in prices.
• Lower LNG flows to export terminals due to seasonal maintenance have also played a role in pushing prices higher, as more gas remains in the domestic market, leading to increased demand and reduced supply.

16.05.2026 - GAS Commodity was up 5.4%

• The bullish shift in Natural Gas prices was propelled by a resurgence in LNG export activity and anticipated heightened cooling demand with temperatures expected to rise in early July.
• On the contrary, the bearish trend in prices was affected by a larger-than-anticipated storage buildup, above-average warm weather forecasts, and decreased US LNG export volumes due to maintenance at critical facilities.
• The market appears to be quite responsive to supply-demand dynamics, with prices reflecting changes in export activity, storage levels, and weather predictions.
• In essence, Natural Gas price fluctuations demonstrate a fragile equilibrium between supply conditions, demand projections, and external influences like geopolitical events impacting energy markets.

30.03.2026 - GAS Commodity was up 5.6%

• Natural Gas prices surged today despite recent lows, attributed to decreased production by major producers and industry response.
• Mild weather and warm spring temperatures have lowered heating demand, causing storage levels to rise significantly.
• Despite expected cooler weather, demand is unlikely to rise significantly, keeping prices pressured.
• High LNG export feedgas flows in April may have also influenced the bullish movement in Natural Gas prices.

26.05.2026 - GAS Commodity was up 5.2%

• Natural gas prices surged to a 3-week high of $3.28 per MMBtu due to increased flows to LNG export facilities and forecasts of warmer weather, boosting electricity demand for air conditioning.
• The hotter weather outlook through July 10, especially in regions like the mid-Atlantic and Upper Midwest, is expected to drive up gas-for-power demand, supporting prices.
• Additionally, expectations of a smaller-than-average storage build and improved LNG export activity contributed to the bullish movement in natural gas prices.
• The market movement was further fueled by record feedgas activity at export facilities like Golden Pass, despite steady production levels in the Lower 48 states.

15.04.2026 - GAS Commodity was up 5.3%

• Natural gas futures climbed to a seven-week high of $2.93 per MMBtu due to an in-line storage injection and a decline in output, with production dropping to a 15-week low.
• The bullish movement was supported by energy companies scaling back activity in response to weak spot prices, easing flows to US export facilities, and mostly normal weather conditions limiting demand.
• The market reacted positively to the EIA reporting a storage build in line with expectations, with total inventories rising above year-ago levels and the seasonal average.
• Despite some fluctuations in prices, the overall trend remained bullish as declining production, improved demand expectations, and maintenance at export facilities continued to support prices.

24.03.2026 - GAS Commodity was down 6.0%

• Natural gas prices hit an 18-month low of $2.56 per MMBtu, driven by ample storage levels and continued strong injections into inventories, leading to a storage surplus and pressure on prices.
• Mild spring weather has kept heating demand subdued, allowing for above-normal injections into storage, while forecasts of near-normal temperatures through early May are expected to limit demand upside, contributing to the bearish trend.
• Despite recent declines in production and near-record flows to LNG export facilities, prices remain low due to the persistent storage surplus and the expectation of reduced heating and power demand as the market moves into the low-demand spring shoulder season.
• The broader decline in energy markets, influenced by hopes for a negotiated end to the Middle East conflict, also played a role in the drop in natural gas prices to $2.65 per MMBtu, as investors shifted focus towards geopolitical developments and away from energy commodities.

27.03.2026 - GAS Commodity was up 8.2%

• Natural gas prices rose today, despite hovering near an 18-month low, as production declines and record-high LNG feedgas flows provided some support.
• Mild weather conditions and above-normal spring temperatures have led to strong storage injections and ample inventories, keeping prices subdued.
• Despite forecasts suggesting limited demand upside due to fading heating needs and slow emergence of summer cooling demand, the market saw a bullish movement possibly due to the recent decline in production levels.
• The overall sentiment remains bearish as prices are still near multi-year lows and the market continues to be pressured by high storage levels and subdued demand.

27.04.2026 - GAS Commodity was up 2.9%

• Today's bullish movement in Natural Gas prices can be attributed to the following factors:
• Reduced output by producers over the US holiday weekend and redirection of domestic supply to LNG export terminals increased demand for natural gas.
• Forecasts of below-average temperatures in certain regions may boost heating demand, supporting prices.
• Escalating geopolitical tensions in the Middle East have underpinned demand for US LNG in Europe and Asia.
• Expectations of a near-normal injection into storage for the past week may have eased concerns about oversupply, providing further support to prices.

04.05.2026 - GAS Commodity was up 5.0%

• Natural gas prices surged today by 5.02% to $3.2505 per MMBtu, indicating a bullish market movement.
• The bullish trend can be attributed to forecasts of above-normal temperatures through June 18, which are expected to increase air-conditioning demand and boost gas-fired power generation.
• Additionally, the decline in gas production in the Lower 48 states and a smaller-than-expected increase in gas storage inventories as per the latest report have further supported the price rally.
• Despite weaker LNG demand due to ongoing seasonal maintenance at export facilities, the overall market sentiment remains positive due to strong demand expectations and supply-side factors.

06.04.2026 - GAS Commodity was down 5.0%

• Natural gas prices declined due to lower LNG flows, as pipeline flows to export terminals decreased, leaving more gas in the US market.
• The gradual increase in cooling demand as summer approaches could provide some support to prices in the near future.
• Producers like EQT Corporation have reduced output in response to weak prices, contributing to the decline in supply and potentially impacting prices positively in the coming weeks.
• Despite the bearish movement, the market remains cautious as storage levels are still above the seasonal average, indicating a potential oversupply situation that could continue to put pressure on prices.