# U.S. natgas price collapse cut 2023 widow maker premium to record low | BOE Report

> US natural gas futures dropped to a 10-month low as mild January forecasts reduced expectations for cold weather. The March-April spread fell 52% to a record low of 10 cents per MMBtu, signaling the market had abandoned hopes for a cold winter.

- Date: 2023-01-03 · published 2023-01-03T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/9187-u-s-natgas-price-collapse-cut-2023-widow-maker-premium-to-record-low-boe-report
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A collapse in the winter spread signals that traders expect weak winter heating demand, reinforcing downward pressure on natural gas prices. Lower gas costs can ease energy and fertilizer expenses across the feed supply chain.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-10-18 | [U.S. natgas falls 4% to 3-mth low on mild weather, global price collapse \| Reuters](https://feedsoft.ai/events/12787-u-s-natgas-falls-4-to-3-mth-low-on-mild-weather-global-price-collapse-reuters.md) | -17.2% | +0.7% |
| NATGAS | 2022-02-11 | [U.S. natgas futures slide to 3-week low on jump in output \| BOE Report](https://feedsoft.ai/events/8460-u-s-natgas-futures-slide-to-3-week-low-on-jump-in-output-boe-report.md) | +13.4% | +19.1% |
| NATGAS | 2025-02-28 | [US natgas prices slide 3% to two-week low on record output, mild weather — TradingView News](https://feedsoft.ai/events/26214-us-natgas-prices-slide-3-to-two-week-low-on-record-output-mild-weather.md) | +10.8% | -0.2% |
| 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 | 2023-11-29 | [US natural gas prices slide - Markets - Business Recorder](https://feedsoft.ai/events/33342-us-natural-gas-prices-slide-markets-business-recorder.md) | -1.0% | -4.3% |

## Sources

- boereport.com: https://boereport.com/2023/01/03/u-s-natgas-price-collapse-cut-2023-widow-maker-premium-to-record-low/

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