# Prices Soar As Natural Gas Inventories Hit Decade Low | OilPrice.com

> Nymex natural gas prices rose nearly 15 percent over the past month to about $3.30/MMBtu as U.S. inventories fell toward a 13-year low. Storage on September 28 was 636 Bcf below a year earlier and 607 Bcf below the five-year average.

- Date: 2018-10-10 · published 2018-10-10T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/7399-prices-soar-as-natural-gas-inventories-hit-decade-low-oilprice-com
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Low storage ahead of peak heating demand is pushing gas prices higher, which raises energy and nitrogen fertilizer costs for feed producers.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2018-11-09 | [US natural gas prices soar on export and power demand amid low inventories in all regions](https://feedsoft.ai/events/62210-us-natural-gas-prices-soar-on-export-and-power-demand-amid-low-inventories-in.md) | +22.9% | +27.0% |
| 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 | 2021-09-25 | [Global Natural Gas Prices Are Soaring : NPR](https://feedsoft.ai/events/7926-global-natural-gas-prices-are-soaring-npr.md) | +9.7% | +1.4% |
| NATGAS | 2020-08-31 | [Natural gas prices \| European Gas Hub](https://feedsoft.ai/events/51817-natural-gas-prices-european-gas-hub.md) | -15.6% | -23.3% |
| UREA | 2021-09-25 | [Global Natural Gas Prices Are Soaring : NPR](https://feedsoft.ai/events/7926-global-natural-gas-prices-are-soaring-npr.md) | +27.6% | +32.7% |
| UREA | 2026-10-28 | [European natural gas prices soar: What it means for your winter bills](https://feedsoft.ai/events/625-european-natural-gas-prices-soar-what-it-means-for-your-winter-bills.md) | -1.3% | — |
| UREA | 2022-08-05 | [Nitrogen Fertilizer Prices Are Spiking as Natural Gas Soars - Bloomberg](https://feedsoft.ai/events/40356-nitrogen-fertilizer-prices-are-spiking-as-natural-gas-soars-bloomberg.md) | -4.5% | +13.6% |

## Sources

- oilprice.com: https://oilprice.com/Energy/Gas-Prices/Prices-Soar-As-Natural-Gas-Inventories-Hit-Decade-Low.html

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