# Why have U.S. natural gas prices INCREASED post-COVID?!? – Baker Institute Blog

> A Baker Institute blog post examines why US natural gas prices held up and rose during the COVID-19 period, while global gas and oil prices fell sharply. The authors note that the pandemic cut gas demand less than oil demand and that US prices stayed steady despite lower demand. The piece is analytical and points to supply-side and structural factors.

- Date: 2020-11-10 · published 2020-11-10T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/50348-why-have-u-s-natural-gas-prices-increased-post-covid-baker-institute-blog
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

The persistent strength of US gas prices relative to global markets affects the cost of gas-based fertilizer and energy inputs for US feed producers. The analysis suggests the gap may have lasting implications for US price direction.

## Read by commodity

- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-05-15 | [When Natural Gas Prices Converge](https://feedsoft.ai/events/53322-when-natural-gas-prices-converge.md) | +5.5% | +3.7% |
| NATGAS | 2023-04-24 | [Volatility Still Lurking in Global Natural Gas Markets Despite Easing Prices](https://feedsoft.ai/events/36593-volatility-still-lurking-in-global-natural-gas-markets-despite-easing-prices.md) | +5.5% | +11.7% |
| NATGAS | 2020-10-05 | [Natural Gas Price Benchmarks \| European Gas Hub](https://feedsoft.ai/events/50807-natural-gas-price-benchmarks-european-gas-hub.md) | +33.9% | +71.9% |
| NATGAS | 2024-03-28 | [US gas prices to be increasingly linked to international markets through LNG](https://feedsoft.ai/events/31397-us-gas-prices-to-be-increasingly-linked-to-international-markets-through-lng.md) | +13.4% | -1.3% |
| NATGAS | 2024-04-26 | [Equinor Expects Asia, LNG Competition to Drive European Natural Gas Prices](https://feedsoft.ai/events/30924-equinor-expects-asia-lng-competition-to-drive-european-natural-gas-prices.md) | +18.9% | +71.3% |

## Sources

- bakerinstituteblog.blogs.rice.edu: https://bakerinstituteblog.blogs.rice.edu/2020/11/10/why-have-u-s-natural-gas-prices-increased-post-covid/

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