# Shoulder season demand doldrums crush US spot natural gas prices

> US spot natural gas prices fell $1 to $2 per MMBtu on September 23 as shoulder-season demand dropped. Cash Henry Hub slipped $1.04 to $6.71 after a cool air mass cut gas-fired power demand by about 20%.

- Date: 2022-09-23 · published 2022-09-23T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/39766-shoulder-season-demand-doldrums-crush-us-spot-natural-gas-prices
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower gas prices reduce input costs for US nitrogen fertilizer and ethanol production, which can ease grain-side costs. Mild weather and a large storage build point to continued softness in the near term.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-10-18 | [USA 'Zombie Summer' Saps Energy Demand and Natural Gas Prices](https://feedsoft.ai/events/10307-usa-zombie-summer-saps-energy-demand-and-natural-gas-prices.md) | +0.0% | +6.9% |
| 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 | 2016-10-31 | [Natural Gas Prices Edge Lower as Traders Weigh Storage Volumes, Demand - WSJ](https://feedsoft.ai/events/9174-natural-gas-prices-edge-lower-as-traders-weigh-storage-volumes-demand-wsj.md) | -15.1% | +0.4% |
| 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% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/natural-gas/092322-shoulder-season-demand-doldrums-crush-us-spot-natural-gas-prices

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