# Record US oil and gas production keeps prices under pressure

> Inflation-adjusted US natural gas futures fell to their lowest real level since the contract began trading in 1990, averaging about $1.80 last month. Production has grown faster than domestic and export demand.

- Date: 2024-03-01 · published 2024-03-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/31399-record-us-oil-and-gas-production-keeps-prices-under-pressure
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Persistently low gas prices reduce energy and fertilizer production costs, which weighs on the cost base for feed ingredients and nitrogen inputs.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/record-us-oil-gas-production-keeps-prices-under-pressure-2024-03-01/

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