# NATURAL GAS WEEKLY UPDATE (Week Ending 07-26-19)

> US natural gas power burn set a new daily record of 44.5 Bcf/d on July 19, 2019, during a record heat wave across the Lower 48. Average maximum temperatures topped 85°F in most of the country from July 16-21. Henry Hub averaged $2.33/MMBtu over that span.

- Date: 2019-07-30 · published 2019-07-30T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/7910-natural-gas-weekly-update-week-ending-07-26-19
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Heat-driven power demand absorbed large volumes of gas, which can tighten the balance and support prices. Stronger gas burn at low prices shows that cooling demand can offset some of the surplus.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2018-01-08 | [Why Natural Gas Rose Sharply Last Week](https://feedsoft.ai/events/5983-why-natural-gas-rose-sharply-last-week.md) | -0.0% | -22.4% |
| NATGAS | 2016-05-31 | [Natural Gas ETFs Heat Up on Warmer Weather](https://feedsoft.ai/events/7636-natural-gas-etfs-heat-up-on-warmer-weather.md) | +22.1% | +40.5% |
| NATGAS | 2018-11-14 | [Natural Gas ETFs Bring the Heat](https://feedsoft.ai/events/9435-natural-gas-etfs-bring-the-heat.md) | +11.8% | +5.6% |
| NATGAS | 2019-03-06 | [Natural Gas News – March 7, 2019 - Mansfield Energy](https://feedsoft.ai/events/7997-natural-gas-news-march-7-2019-mansfield-energy.md) | -7.3% | -10.1% |
| NATGAS | 2024-01-13 | [Weekly Natural Gas Spot Prices, Futures Post Robust Gains on Bone-Chilling Cold](https://feedsoft.ai/events/4187-weekly-natural-gas-spot-prices-futures-post-robust-gains-on-bone-chilling-cold.md) | -63.9% | -73.3% |

## Sources

- pipexch.com: https://pipexch.com/natural-gas-weekly-update-week-ending-07-26-19/

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