Declining domestic production and stronger LNG demand lift benchmark U.S. natural gas prices 16% over the past month.
U.S. natural gas prices climbed 5.1% to $3.06 per MMBtu in Tuesday’s session, extending a 16% monthly gain. The rally follows a drop in Lower 48 output to 109.2 billion cubic feet per day, easing supply pressure.
Prior to the decline, gas prices had faced downward pressure from seasonal maintenance and weaker demand. The latest production dip reverses that trend, aligning with rising LNG export flows and improved demand forecasts.
Benchmark Henry Hub spot prices now reflect tighter market conditions, with traders pricing in reduced supply availability.