# US Natural Gas Plunges by Most in About 30 Years on Warm Weather - Bloomberg

> US natural gas futures fell sharply on February 1 as forecasts for mid-February shifted much warmer. The March contract settled down 25.7% at $3.237 per mmBtu, the largest one-day percentage drop for the front-month contract since 1995 excluding rollover days. The decline erased the prior Friday's gains from record cold.

- Date: 2026-02-02 · published 2026-02-02T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/20798-us-natural-gas-plunges-by-most-in-about-30-years-on-warm-weather-bloomberg
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Warmer weather reduced expected heating demand and eased domestic gas costs, which lowers energy and processing costs for feed producers. The move signals weaker near-term demand for gas-fired power and heating.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-10-14 | [Natural Gas Prices Suffer Longest US Losing Streak in 21 Years - Bloomberg](https://feedsoft.ai/events/12788-natural-gas-prices-suffer-longest-us-losing-streak-in-21-years-bloomberg.md) | -19.5% | -15.7% |
| NATGAS | 2022-02-07 | [Natural Gas ETFs Plunge on Warming Weather, But Russia Is a Wild Card](https://feedsoft.ai/events/8465-natural-gas-etfs-plunge-on-warming-weather-but-russia-is-a-wild-card.md) | -19.2% | -1.2% |
| NATGAS | 2026-01-02 | [US natural gas futures start year lower on mild weather outlook](https://feedsoft.ai/events/7832-us-natural-gas-futures-start-year-lower-on-mild-weather-outlook.md) | -17.9% | +45.6% |
| NATGAS | 2022-02-10 | [Natural Gas Edges Lower on Warm Weather Forecast \| FXEmpire](https://feedsoft.ai/events/8464-natural-gas-edges-lower-on-warm-weather-forecast-fxempire.md) | +11.8% | +14.0% |
| NATGAS | 2019-11-30 | [Natural Gas Prices Crash On Warm Weather Warnings \| OilPrice.com](https://feedsoft.ai/events/56244-natural-gas-prices-crash-on-warm-weather-warnings-oilprice-com.md) | -2.0% | -10.4% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2026-02-02/us-natural-gas-prices-plummet-as-forecasts-show-warmer-weather

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