# U.S. gas prices near record low amid over-production

> U.S. natural gas prices have fallen close to their lowest level on record after adjusting for inflation. Traders are responding to a persistent domestic production surplus.

- Date: 2023-02-22 · published 2023-02-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37514-u-s-gas-prices-near-record-low-amid-over-production
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Cheap gas encourages gas-fired power generation over coal, which lowers the energy cost base for U.S. processors and can reduce fertilizer production costs.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/us-gas-prices-near-record-low-amid-over-production-kemp-2023-02-22/

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