# Warm Winter Weather Pushes US Natgas Prices Lower | Energy Intelligence

> February natural gas futures fell 48.7 cents to settle at $3.99 per million Btu on Tuesday as anemic space heating demand weighed on the market. The decline reflected weak winter heating needs during a warm start to the season.

- Date: 2023-01-03 · published 2023-01-03T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/9186-warm-winter-weather-pushes-us-natgas-prices-lower-energy-intelligence
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Low heating demand lowers natural gas burn and supports a bearish near-term price outlook. Cheaper gas reduces input costs for nitrogen fertilizer and power used in feed processing.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2016-10-21 | [Mild Weather Pushes US Natgas Lower for Week \| Energy Intelligence](https://feedsoft.ai/events/10115-mild-weather-pushes-us-natgas-lower-for-week-energy-intelligence.md) | -12.4% | -19.1% |
| NATGAS | 2024-10-14 | [Nat-Gas Prices Tumble as US Weather Forecasts Warm](https://feedsoft.ai/events/10301-nat-gas-prices-tumble-as-us-weather-forecasts-warm.md) | -17.8% | -27.1% |
| NATGAS | 2016-11-08 | [Market Watch \| Energy Intelligence](https://feedsoft.ai/events/74031-market-watch-energy-intelligence.md) | -3.5% | +37.2% |
| NATGAS | 2023-11-06 | [US natgas prices drop 7% on record output, mild weather](https://feedsoft.ai/events/6385-us-natgas-prices-drop-7-on-record-output-mild-weather.md) | -11.7% | -16.2% |
| NATGAS | 2019-11-30 | [Natural Gas Prices Crash On Warm Weather Warnings \| OilPrice.com](https://feedsoft.ai/events/56244-natural-gas-prices-crash-on-warm-weather-warnings-oilprice-com.md) | -2.0% | -10.4% |

## Sources

- energyintel.com: https://www.energyintel.com/00000185-794b-d6b5-a9cd-fbffa8630000

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