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Natural Gas Prices Plummet 17% Amid Warm Weather Shift

2/3/2026

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Summary

Story summary

Natural gas prices in the United States fell 17% on February 2, 2026, as milder weather forecasts reduced demand.
The National Oceanic and Atmospheric Administration indicated a shift from cold to warmer weather later in February 2026.
Prices surged 117% earlier due to increased heating demand.
Deliveries to LNG plants fell 48%.
The current price is $3.62 per million British thermal units.

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Story summary

Natural gas prices in the United States fell 17% on February 2, 2026, as milder weather forecasts reduced demand.
The National Oceanic and Atmospheric Administration indicated a shift from cold to warmer weather later in February 2026.
Prices surged 117% earlier due to increased heating demand.
Deliveries to LNG plants fell 48%.
The current price is $3.62 per million British thermal units.