Natural Gas U.S. Prices

Natural gas U.S. prices averaged USD 1.75 per MMBtu in March, down 2.6% from February. On 29 March, the commodity traded at USD 1.76 per MMBtu, down 4.9% from 29 February.

Temperatures remained milder than normal in March, limiting heating demand. The number of heating degree days—a measure of how much colder a day is compared to the temperature at which no heating is required—was 19.0% below seasonal norms in the three weeks to 21 March. In addition, U.S. gas production remained at record highs, despite slipping slightly in recent weeks, and LNG exports dipped somewhat from February. In the week to 22 March, U.S. gas inventories were 41.1% above the five-year seasonal average.