# US natgas prices rise 2% to 3-week high on hot forecasts, output decline - Markets - Business Recorder

> US natural gas futures rose about 2% to a three-week high on hot forecasts and lower daily output. The EIA reported a 32 bcf storage build for the week ended Aug. 25, above analyst expectations.

- Date: 2023-08-31 · published 2023-08-31T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/34749-us-natgas-prices-rise-2-to-3-week-high-on-hot-forecasts-output-decline-markets
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Hot weather boosts power demand while the larger-than-expected storage build caps gains, leaving the price move modest for feed input costs.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-08-31 | [US natgas prices rise to five-week high on LNG export hopes - Markets - Business Recorder](https://feedsoft.ai/events/18058-us-natgas-prices-rise-to-five-week-high-on-lng-export-hopes-markets-business.md) | +3.3% | +7.4% |
| NATGAS | 2026-09-04 | [US natgas prices rise to 8-week high on LNG flows, warm weather - Markets - Business Recorder](https://feedsoft.ai/events/17652-us-natgas-prices-rise-to-8-week-high-on-lng-flows-warm-weather-markets-business.md) | -5.5% | +1.2% |
| NATGAS | 2023-04-20 | [US natgas futures up on output decline - Markets - Business Recorder](https://feedsoft.ai/events/36592-us-natgas-futures-up-on-output-decline-markets-business-recorder.md) | -2.6% | +4.3% |
| NATGAS | 2025-01-11 | [US natural gas prices soar to two-year high on colder forecasts - Markets - Business Recorder](https://feedsoft.ai/events/26699-us-natural-gas-prices-soar-to-two-year-high-on-colder-forecasts-markets.md) | +53.7% | -14.7% |
| NATGAS | 2024-01-10 | [US natgas prices higher - Markets - Business Recorder](https://feedsoft.ai/events/4186-us-natgas-prices-higher-markets-business-recorder.md) | -11.0% | -39.3% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40260847

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