# US natural gas prices ease

> US natural gas futures eased about 1% on Friday ahead of the Labor Day weekend, settling at $2.127/mmBtu. Forecasts for slightly less heat over the next two weeks weighed on prices, though a return to near-full service at Freeport LNG offset some of the decline. Storage remained about 12% above normal.

- Date: 2024-08-31 · published 2024-08-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28983-us-natural-gas-prices-ease
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower expected cooling demand reduces gas burn for power generation, keeping US gas prices weak. This has limited direct effect on feed grain prices, but it affects the energy costs behind fertilizer and processing.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40320248/us-natural-gas-prices-ease

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