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Posted September 19, 2025 at 10:15 am
US natural gas prices just dropped to their lowest level in more than three weeks, after inventories grew faster than expected – even as forecasts call for warmer weather ahead.
October futures fell by six cents to $2.88 per million British thermal units, stretching out a three-day losing streak and marking the lowest point since late August. The slide followed news from the Energy Information Administration that gas storage jumped by 90 billion cubic feet last week – easily topping the 80 bcf analysts were looking for. That brings total reserves to 3.43 trillion cubic feet, or 6.3% above the five-year seasonal average. Even though the National Weather Service is predicting warmer-than-normal temperatures, which usually boosts demand for cooling, the upcoming autumn ‘shoulder season’ means energy use typically drops off – and that’s keeping sellers in control.
High storage levels are keeping a lid on natural gas prices, even with hotter weather threatening short-term demand spikes. With inventories well above average, traders aren’t betting on a big turnaround anytime soon. That means prices are less likely to see wild swings as we head into the lower-demand fall season.
Robust US gas production is fueling record-high inventories, which could weigh on global energy prices for months to come. Countries that rely on US exports might feel the effect, too, as ample supply can influence energy costs overseas. With the seasonal lull in demand approaching, these trends are set to shape how both the US and international markets move into winter.
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Originally Posted on September 19, 2025 – Natural Gas Prices Slide As Storage Tops Expectations
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