# Here's Why Natural Gas Is on the Verge of Breaking Above $3

> The EIA reported a 46 Bcf storage injection for the week ended October 9, smaller than the 60 Bcf guidance and below the five-year average of 87 Bcf. Total stocks were 10% above the five-year average. Front-month futures settled at $2.795 per MMBtu, up about 100% from June lows.

- Date: 2020-10-20 · published 2020-10-20T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/7683-here-s-why-natural-gas-is-on-the-verge-of-breaking-above-3
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A bullish storage surprise tightens the U.S. gas balance heading into winter, supporting prices and the cost of gas-linked feed inputs.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-11-09 | [EIA: U.S. Winter Natural Gas to Average Above $6.00/MMBtu - Fuels Market News](https://feedsoft.ai/events/38862-eia-u-s-winter-natural-gas-to-average-above-6-00-mmbtu-fuels-market-news.md) | +20.4% | +2.3% |
| NATGAS | 2025-07-25 | [US natural Gas prices rebound on storage surprise – ING](https://feedsoft.ai/events/23962-us-natural-gas-prices-rebound-on-storage-surprise-ing.md) | -2.1% | -8.3% |
| NATGAS | 2022-11-09 | [EIA now expects U.S. natural gas prices to average above $6.00/MMBtu this winter -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/7577-eia-now-expects-u-s-natural-gas-prices-to-average-above-6-00-mmbtu-this-winter.md) | +20.4% | +2.3% |
| NATGAS | 2021-08-26 | [Natural Gas Futures Prices Surge to Near $4.20 on EIA’s ‘Very Tight’ 29 Bcf Storage Build](https://feedsoft.ai/events/45738-natural-gas-futures-prices-surge-to-near-4-20-on-eia-s-very-tight-29-bcf.md) | +14.4% | +25.1% |
| NATGAS | 2024-01-11 | [Natural Gas Futures Rise on Big Storage Withdrawal - WSJ](https://feedsoft.ai/events/4188-natural-gas-futures-rise-on-big-storage-withdrawal-wsj.md) | -11.3% | -41.9% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/heres-why-natural-gas-verge-122012477.html

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