# US natural gas prices caught in the crossfire - Arabs Today

> Exceptionally warm weather across much of the US cut gas consumption for space heating and power generation. The EIA reported working gas storage rose 73 Bcf to 3,909 Bcf, slightly below the 2011-2015 average. Heating degree days last week were about two-thirds lower than the same week in 2015.

- Date: 2016-10-31 · published 2016-10-31T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/9181-us-natural-gas-prices-caught-in-the-crossfire-arabs-today
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Weak heating demand cut short-term gas use and drove prices down after strong September and October gains. Storage still builds more slowly than last year, so the structural balance remains tighter, which limits downside.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-10-14 | [US Natural Gas Prices Dip Amidst Supply Glut \| ETF Central](https://feedsoft.ai/events/10302-us-natural-gas-prices-dip-amidst-supply-glut-etf-central.md) | -17.8% | -27.1% |
| NATGAS | 2020-02-06 | [U.S. Natural Gas Prices Dip To Four-Year Lows](https://feedsoft.ai/events/54773-u-s-natural-gas-prices-dip-to-four-year-lows.md) | +0.1% | -2.4% |
| NATGAS | 2026-01-08 | [Natural Gas Forward Prices Slump as Mother Nature Fails to Impress](https://feedsoft.ai/events/8587-natural-gas-forward-prices-slump-as-mother-nature-fails-to-impress.md) | -5.5% | +30.2% |
| NATGAS | 2024-01-16 | [Natural Gas Prices Give Back Pre-Storm Gains](https://feedsoft.ai/events/32298-natural-gas-prices-give-back-pre-storm-gains.md) | -63.9% | -73.3% |
| NATGAS | 2018-02-01 | [Why Natural Gas Prices Just Tanked \| OilPrice.com](https://feedsoft.ai/events/7448-why-natural-gas-prices-just-tanked-oilprice-com.md) | -14.0% | -15.1% |

## Sources

- arabstoday.net: https://www.arabstoday.net/en/90/us-natural-gas-prices-caught-in-the-crossfire-165325

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