# Nat-Gas Prices Tumble as Warm U.S. Temps Stifle Heating Demand

> December Nymex natural gas closed down 3.15% on Tuesday, a two-month low, as forecasts shifted warmer for Dec 8-12. Lower-48 dry gas production was up 3.2% year on year, and European storage was 97% full.

- Date: 2023-11-28 · published 2023-11-28T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/33343-nat-gas-prices-tumble-as-warm-u-s-temps-stifle-heating-demand
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Warmer forecasts reduce heating demand and high inventories cap prices, which keeps US natural gas costs low for energy-intensive feed and fertilizer production.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-10-14 | [Nat-Gas Prices Tumble as US Weather Forecasts Warm](https://feedsoft.ai/events/10301-nat-gas-prices-tumble-as-us-weather-forecasts-warm.md) | -17.8% | -27.1% |
| 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 | 2026-01-05 | [Why Natural Gas Prices Are Slipping Despite Strong LNG Demand](https://feedsoft.ai/events/7834-why-natural-gas-prices-are-slipping-despite-strong-lng-demand.md) | -20.7% | -0.8% |
| 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 | 2016-10-27 | [U.S. gas prices slump as warm weather persists: Kemp](https://feedsoft.ai/events/10114-u-s-gas-prices-slump-as-warm-weather-persists-kemp.md) | -1.9% | +6.6% |

## Sources

- barchart.com: https://www.barchart.com/story/news/22340444/nat-gas-prices-tumble-as-warm-u-s-temps-stifle-heating-demand

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