# U.S. Gas Drops on Storage Build, Permian Bottlenecks Keep Waha Negative

> US natural gas futures fell to a seven-month low after a larger-than-expected EIA storage build of 50 bcf. Mild weather lowered heating demand, and Permian pipeline constraints kept Waha cash prices negative for a record run of days.

- Date: 2025-10-01 · published 2025-10-01T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/22581-u-s-gas-drops-on-storage-build-permian-bottlenecks-keep-waha-negative
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A bigger storage build and weak demand point to softer US gas prices, easing energy costs for feed and fertiliser production.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-09-15 | [U.S. natgas drops 9% on rail deal, bigger than expected storage build](https://feedsoft.ai/events/39768-u-s-natgas-drops-9-on-rail-deal-bigger-than-expected-storage-build.md) | -11.5% | -26.8% |
| NATGAS | 2024-11-03 | [Natural Gas News: Will Storage Levels and Mild Forecasts Keep Bulls at Bay? \| FXEmpire](https://feedsoft.ai/events/11714-natural-gas-news-will-storage-levels-and-mild-forecasts-keep-bulls-at-bay.md) | -7.6% | +61.0% |
| NATGAS | 2025-09-29 | [Natural Gas Price (NG=F) Slips to $2.88 as U.S. Inventories Jump 90 bcf, EU Fast-Tracks Russian LNG Ban, AECO Turns Negative](https://feedsoft.ai/events/23062-natural-gas-price-ng-f-slips-to-2-88-as-u-s-inventories-jump-90-bcf-eu-fast.md) | +13.6% | +13.6% |
| NATGAS | 2026-07-09 | [U.S. Natural Gas Falls Hit By Storage, LNG Maintenance Issues - WSJ](https://feedsoft.ai/events/8661-u-s-natural-gas-falls-hit-by-storage-lng-maintenance-issues-wsj.md) | -9.8% | -16.6% |
| NATGAS | 2019-11-01 | [NYMEX natural gas inches lower after higher than expected storage build report – The Energy Bulletin Daily](https://feedsoft.ai/events/56251-nymex-natural-gas-inches-lower-after-higher-than-expected-storage-build-report.md) | +4.7% | -11.6% |

## Sources

- pgjonline.com: https://www.pgjonline.com/news/2026/april/us-gas-drops-on-storage-build-permian-bottlenecks-keep-waha-negative

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