# US natgas prices jump 4% on forecast for record heat

> U.S. natural gas futures rose about 4% to a one-week high after forecasts for record-breaking heat later in the week. Analysts expected the heat to push power-generator gas burn to an all-time high, and utilities may pull gas from storage in early August despite a rise in output.

- Date: 2024-07-30 · published 2024-07-30T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/29450-us-natgas-prices-jump-4-on-forecast-for-record-heat
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher power burn and rising LNG exports tighten the U.S. gas balance, which lifts energy input costs for feed and grain processors. Stronger gas prices also raise the cost of nitrogen fertiliser and ethanol production.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-04-29 | [Nat-Gas Prices Jump on Forecasts for Warm US Temps](https://feedsoft.ai/events/9863-nat-gas-prices-jump-on-forecasts-for-warm-us-temps.md) | +25.8% | +57.3% |
| NATGAS | 2025-07-24 | [US natural gas prices climb on heat forecast, smaller storage build](https://feedsoft.ai/events/23959-us-natural-gas-prices-climb-on-heat-forecast-smaller-storage-build.md) | -2.1% | -9.8% |
| NATGAS | 2023-10-25 | [US natural gas prices up on cooler forecast - Markets - Business Recorder](https://feedsoft.ai/events/33803-us-natural-gas-prices-up-on-cooler-forecast-markets-business-recorder.md) | +18.8% | -6.0% |
| NATGAS | 2024-07-18 | [US natgas prices climb 4% on small storage build, hot weather forecasts](https://feedsoft.ai/events/29453-us-natgas-prices-climb-4-on-small-storage-build-hot-weather-forecasts.md) | +2.5% | +9.6% |
| NATGAS | 2018-11-06 | [Natural gas prices surge on surprise forecast for cold US weather](https://feedsoft.ai/events/6487-natural-gas-prices-surge-on-surprise-forecast-for-cold-us-weather.md) | +9.1% | +24.8% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/us-natgas-prices-jump-4-forecast-record-heat-2024-07-30/

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