# Natural gas price nears three-year high as summer heat strains supply

> US natural gas futures settled at $4.003 per mmBtu, the highest close in 31 months, as summer heat boosted power demand. Stockpiles are below normal and production growth is restrained. The March 2022 premium over April reached near-record levels.

- Date: 2021-07-23 · published 2021-07-23T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/46254-natural-gas-price-nears-three-year-high-as-summer-heat-strains-supply
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Sustained high US gas prices lift the cost of nitrogen fertiliser and power for processing, supporting feed input costs. The winter-premium signal points to continued tightness into the heating season.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-04-12 | [Higher Natural Gas Prices Are On The Horizon \| OilPrice.com](https://feedsoft.ai/events/12201-higher-natural-gas-prices-are-on-the-horizon-oilprice-com.md) | -0.3% | +2.6% |
| NATGAS | 2019-03-24 | [A New Trend In Natural Gas: Just-In-Time Supply \| OilPrice.com](https://feedsoft.ai/events/60258-a-new-trend-in-natural-gas-just-in-time-supply-oilprice-com.md) | -2.0% | -6.7% |
| NATGAS | 2021-08-06 | [Natural gas prices surge as energy transition-driven demand outstrips supply](https://feedsoft.ai/events/45736-natural-gas-prices-surge-as-energy-transition-driven-demand-outstrips-supply.md) | -4.5% | +10.5% |
| NATGAS | 2021-09-28 | [U.S. natgas rise to 7-year high on record global prices](https://feedsoft.ai/events/7925-u-s-natgas-rise-to-7-year-high-on-record-global-prices.md) | +2.9% | +3.4% |
| NATGAS | 2021-10-05 | [Gas price surges to a record high in Europe on supply concerns](https://feedsoft.ai/events/44766-gas-price-surges-to-a-record-high-in-europe-on-supply-concerns.md) | -6.6% | -10.0% |

## Sources

- worldoil.com: https://www.worldoil.com/news/2021/7/23/natural-gas-price-nears-three-year-high-as-summer-heat-strains-supply

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