Natural Gas U.S. Prices

Natural gas U.S. prices averaged USD 3.40 per MMBtu in April, down 17.7% from March. On 30 April, the commodity traded at USD 3.38 per MMBtu, down 18.2% from 31 March.

Prices slumped nearly 30% after President Trump’s tariff announcement on 2 April. Though “reciprocal” tariffs are now paused, a 10% global levy remains in place and a China-U.S. trade war still simmers, threatening global GDP growth and thus demand for U.S. natural gas. In addition, on the supply side, U.S. natural gas output hit a record high of 105.8 billion cubic feet in April. Overall, in the week to 25 April, stocks of the fuel stood above their five-year seasonal average for the first time since January.