Natural Gas U.S. Prices

Natural gas U.S. prices averaged USD 2.77 per MMBtu in August, down 6.4% from July. On 31 August, the commodity traded at USD 2.94 per MMBtu, up 5.4% from 31 July.

August was a tale of two halves for U.S. natural gas. Prices dipped early in the month, weighed on by forecasts of clement weather, as well as domestic production, which averaged at a record high over the month as a whole, keeping inventories comfortably above the five-year seasonal average. However, prices then recovered late in the month, as weather forecasts turned hotter and LNG exports began to pick up again, as maintenance at Freeport in Texas was completed.