# U.S. gas prices tumble, but market is tightening: Kemp – The Energy Bulletin Daily

> Natural gas prices plunged on forecasts for average or above-average temperatures across most U.S. population centers by mid-January. The drop followed a 40% rally over the prior two months fueled by hedge fund buying.

- Date: 2017-01-05 · published 2017-01-05T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/11912-u-s-gas-prices-tumble-but-market-is-tightening-kemp-the-energy-bulletin-daily
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Warmer forecasts cut heating demand, and unwinding speculative longs adds downward pressure in the near term.

## Read by commodity

- NATGAS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2017-01-03 | 1 | -9.4% | -3.1 | Explains the plunge as a weather-driven reversal of a hedge-fund-fueled 40% rally (positioning and sentiment), though it was published after the move date. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-11-28 | [Nat-Gas Prices Tumble as Warm U.S. Temps Stifle Heating Demand](https://feedsoft.ai/events/33343-nat-gas-prices-tumble-as-warm-u-s-temps-stifle-heating-demand.md) | -5.3% | -8.7% |
| NATGAS | 2021-10-22 | [Mild weather, lengthening supply balances weigh on gas market bulls \| S&P Global](https://feedsoft.ai/events/11755-mild-weather-lengthening-supply-balances-weigh-on-gas-market-bulls-s-and-p.md) | +14.0% | -2.0% |
| NATGAS | 2016-11-03 | [Natural Gas Bears Take Over the Market - Burton Energy Group](https://feedsoft.ai/events/9175-natural-gas-bears-take-over-the-market-burton-energy-group.md) | -8.1% | +25.5% |
| NATGAS | 2020-09-14 | [Natural Gas Market is Poised for a Wild Ride this Fall - Burton Energy Group](https://feedsoft.ai/events/8357-natural-gas-market-is-poised-for-a-wild-ride-this-fall-burton-energy-group.md) | -14.6% | +18.7% |
| NATGAS | 2016-10-27 | [U.S. gas prices slump as warm weather persists: Kemp](https://feedsoft.ai/events/10114-u-s-gas-prices-slump-as-warm-weather-persists-kemp.md) | -1.9% | +6.6% |

## Sources

- daily.energybulletin.org: https://daily.energybulletin.org/2017/01/u-s-gas-prices-tumble-but-market-is-tightening-kemp/

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