# EIA expects US natural gas consumption to fall 2.4% in 2023 | Oil & Gas Journal

> The US EIA forecast natural gas consumption to fall 2.4% in 2023 from 2022 levels, citing mild winters and low residential and commercial use. Henry Hub averaged $2.38/MMBtu in February.

- Date: 2023-03-09 · published 2023-03-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/37036-eia-expects-us-natural-gas-consumption-to-fall-2-4-in-2023-oil-and-gas-journal
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Weaker domestic gas demand points to lower energy and fertilizer input costs, reinforcing bearish gas pricing for the year.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2018-02-01 | [EIA expects 2018 and 2019 natural gas prices to remain relatively flat](https://feedsoft.ai/events/67161-eia-expects-2018-and-2019-natural-gas-prices-to-remain-relatively-flat.md) | -14.0% | -15.1% |
| NATGAS | 2017-01-05 | [EIA Reports Smaller-than-expected Fall In U.S. Natural-gas Supplies \| Fox Business](https://feedsoft.ai/events/11915-eia-reports-smaller-than-expected-fall-in-u-s-natural-gas-supplies-fox-business.md) | -2.9% | -5.5% |
| NATGAS | 2023-02-01 | [EIA forecasts lower wholesale U.S. natural gas prices in 2023 and 2024](https://feedsoft.ai/events/37942-eia-forecasts-lower-wholesale-u-s-natural-gas-prices-in-2023-and-2024.md) | -7.6% | +1.2% |
| NATGAS | 2023-07-28 | [August Natural Gas Futures Contract Limps into Expiration](https://feedsoft.ai/events/35223-august-natural-gas-futures-contract-limps-into-expiration.md) | +0.8% | -0.5% |
| NATGAS | 2018-01-04 | [Natural gas slumps 4% after lower-than-expected US inventory drawdown](https://feedsoft.ai/events/7022-natural-gas-slumps-4-after-lower-than-expected-us-inventory-drawdown.md) | -30.1% | -31.8% |

## Sources

- ogj.com: https://www.ogj.com/general-interest/economics-markets/article/14290857/eia-expects-us-natural-gas-consumption-to-fall-24-in-2023

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