# US natgas prices turn negative in Texas despite heat wave

> US spot natural gas prices in Texas fell below zero on June 25 for the first time since May. Pipeline maintenance trapped gas in the Permian Shale even as a heat wave lifted power demand.

- Date: 2024-06-25 · published 2024-06-25T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/29956-us-natgas-prices-turn-negative-in-texas-despite-heat-wave
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Negative local prices reflect a regional pipeline bottleneck rather than a national supply glut, so the effect on feed costs is limited. Henry Hub prices are the more relevant benchmark for feed-industry energy costs.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-07-09 | [US Natgas Prices Fall to 6-Week Low](https://feedsoft.ai/events/8666-us-natgas-prices-fall-to-6-week-low.md) | -9.8% | -16.6% |
| NATGAS | 2026-07-09 | [US Natural Gas Prices Drop To Six Week Low](https://feedsoft.ai/events/8665-us-natural-gas-prices-drop-to-six-week-low.md) | -9.8% | -16.6% |
| NATGAS | 2025-01-21 | [It’s so cold that US natural-gas prices are... falling? - Sherwood News](https://feedsoft.ai/events/6347-it-s-so-cold-that-us-natural-gas-prices-are-falling-sherwood-news.md) | -40.6% | -18.8% |
| NATGAS | 2022-06-14 | [Natural-Gas Prices Plunge After Extended Outage at Texas LNG Facility](https://feedsoft.ai/events/6800-natural-gas-prices-plunge-after-extended-outage-at-texas-lng-facility.md) | -23.8% | -24.1% |
| NATGAS | 2026-07-10 | [Natural-Gas Prices Sink as Texas LNG Terminal Closes for Maintenance](https://feedsoft.ai/events/8662-natural-gas-prices-sink-as-texas-lng-terminal-closes-for-maintenance.md) | -8.0% | -15.2% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/us-natgas-prices-turn-negative-texas-despite-heat-wave-2024-06-25/

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