# Weekly Cash Gas Prices Weaken Amid Demand Destruction; Futures Attempt a Break From Bearish Sentiment

> NGI's weekly spot national average for October 15-18 fell 35.5 cents to $1.720 per mmBtu. Cooler weather across much of the country cut air-conditioning power demand, and hurricane recovery continued in the Southeast. Pipeline developments added pressure at Northwest and Texas hubs.

- Date: 2024-10-18 · published 2024-10-18T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/10306-weekly-cash-gas-prices-weaken-amid-demand-destruction-futures-attempt-a-break
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Weaker weather-driven demand and pipeline-driven regional pressure push cash gas lower. Feed commodities are only indirectly affected through energy and fertilizer costs.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-10-16 | [Waning Weather Support Sends Natural Gas Futures Tumbling; Cash Prices Slip with Demand](https://feedsoft.ai/events/10304-waning-weather-support-sends-natural-gas-futures-tumbling-cash-prices-slip-with.md) | -17.1% | -2.9% |
| NATGAS | 2022-10-18 | [With Demand Disappointing, Natural Gas Futures Prices Tumble Further](https://feedsoft.ai/events/12793-with-demand-disappointing-natural-gas-futures-prices-tumble-further.md) | -17.2% | +0.7% |
| NATGAS | 2025-01-27 | [As Weather Outlooks Erase Cold, Natural Gas Futures Tank on Weaker Demand Expectations](https://feedsoft.ai/events/26693-as-weather-outlooks-erase-cold-natural-gas-futures-tank-on-weaker-demand.md) | -24.1% | -0.2% |
| NATGAS | 2026-01-05 | [Why Natural Gas Prices Are Slipping Despite Strong LNG Demand](https://feedsoft.ai/events/7834-why-natural-gas-prices-are-slipping-despite-strong-lng-demand.md) | -20.7% | -0.8% |
| NATGAS | 2023-11-09 | [Natural Gas Futures Fall as Headwinds Mount and EIA Storage No-Show; Cash Prices Extend Gains](https://feedsoft.ai/events/6388-natural-gas-futures-fall-as-headwinds-mount-and-eia-storage-no-show-cash-prices.md) | +16.5% | +2.3% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/weekly-cash-gas-prices-weaken-amid-demand-destruction-futures-attempt-a-break-from-bearish-sentiment/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.