# Old Man Winter’s Disappointing Encore Sees Natural Gas Forward Prices Retreat – Prometheus Institute

> Henry Hub February natural gas prices fell 16.4 cents in the week to Jan. 11-17, dropping below $3 per mmBtu to $2.891. Forecasts for a much milder late-January pattern outweighed the earlier freeze-related supply and demand effects.

- Date: 2024-01-22 · published 2024-01-22T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/32297-old-man-winter-s-disappointing-encore-sees-natural-gas-forward-prices-retreat
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Warmer forecasts reduce near-term heating demand and push gas prices lower, easing energy and fertilizer cost pressure on feed producers.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-10-18 | [With Demand Disappointing, Natural Gas Futures Prices Tumble Further](https://feedsoft.ai/events/12793-with-demand-disappointing-natural-gas-futures-prices-tumble-further.md) | -17.2% | +0.7% |
| NATGAS | 2026-01-08 | [Natural Gas Forward Prices Slump as Mother Nature Fails to Impress](https://feedsoft.ai/events/8587-natural-gas-forward-prices-slump-as-mother-nature-fails-to-impress.md) | -5.5% | +30.2% |
| NATGAS | 2025-01-23 | [Natural Gas Forward Prices Decline as Traders Assess Enzo Impacts](https://feedsoft.ai/events/6346-natural-gas-forward-prices-decline-as-traders-assess-enzo-impacts.md) | -12.2% | +22.8% |
| NATGAS | 2024-10-16 | [Waning Weather Support Sends Natural Gas Futures Tumbling; Cash Prices Slip with Demand](https://feedsoft.ai/events/10304-waning-weather-support-sends-natural-gas-futures-tumbling-cash-prices-slip-with.md) | -17.1% | -2.9% |
| NATGAS | 2021-10-15 | [U.S. natgas falls near 5% on mild forecast, drop in global prices \| Reuters](https://feedsoft.ai/events/44763-u-s-natgas-falls-near-5-on-mild-forecast-drop-in-global-prices-reuters.md) | -13.4% | -14.2% |

## Sources

- prometheus.org: https://prometheus.org/2024/01/22/old-man-winters-disappointing-encore-sees-natural-gas-forward-prices-retreat/

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