Natural gas · Natural Gas Futures

Natural gas just dropped about 16% in a single week, its steepest slide in months.

What is going on right now?

The price, around $2.73 per MMBtu, has fallen sharply and sits only about 4% above its 52-week low of $2.52. It is also roughly 63% below where it peaked back in January.

What drives it?

This is U.S. natural gas, priced at a hub in Louisiana. Its price moves mainly with weather, how much is sitting in storage, and how much gets shipped overseas as liquefied gas. A stronger dollar, which is where things stand now, tends to push the price lower.

What stands out?

Strikes by Houthi forces have pushed European gas prices to highs not seen since 2022. That could pull more U.S. gas toward export terminals, but so far the U.S. price has not followed Europe higher.

What comes next?

The November 2026 futures contract is the active one, and summer storage reports will show whether enough gas is being stocked to meet winter heating demand.