# U.S. Natural Gas Prices Spike to Levels Not Seen Since 2014 | Trane Commercial HVAC

> Prompt-month natural gas closed at $4.84 per MMBtu, the highest level since 2014, after a 16 percent storage deficit against the five-year average. U.S. storage stood at about 3,200 Bcf, the lowest entering winter in 15 years. Production was near record levels at about 86 Bcf/d.

- Date: 2018-11-16 · published 2018-11-16T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/9434-u-s-natural-gas-prices-spike-to-levels-not-seen-since-2014-trane-commercial-hvac
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A large storage deficit entering winter means prices are likely to remain supported if cold weather returns, raising energy costs across feed manufacturing. Record output limits the upside, so the price path depends on weather.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-07-22 | [EIA: Summer US natural gas prices highest since 2014 \| Oil & Gas Journal](https://feedsoft.ai/events/46255-eia-summer-us-natural-gas-prices-highest-since-2014-oil-and-gas-journal.md) | +3.1% | -2.4% |
| NATGAS | 2022-05-24 | [LNG Demand Seen Driving Natural Gas Prices Higher This Summer, FERC Says](https://feedsoft.ai/events/41573-lng-demand-seen-driving-natural-gas-prices-higher-this-summer-ferc-says.md) | -1.7% | -19.4% |
| NATGAS | 2016-11-09 | [US natural gas output set for first decline since 2005 and LNG will add to Henry Hub price rises](https://feedsoft.ai/events/74030-us-natural-gas-output-set-for-first-decline-since-2005-and-lng-will-add-to.md) | +4.6% | +48.7% |
| NATGAS | 2018-10-12 | [Natural gas storage likely to enter winter at lowest levels since 2005 -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/7398-natural-gas-storage-likely-to-enter-winter-at-lowest-levels-since-2005-u-s.md) | +1.5% | +11.0% |
| NATGAS | 2021-02-01 | [EIA expects higher wholesale U.S. natural gas prices in 2021 and 2022](https://feedsoft.ai/events/49337-eia-expects-higher-wholesale-u-s-natural-gas-prices-in-2021-and-2022.md) | +20.6% | +4.5% |

## Sources

- trane.com: https://www.trane.com/commercial/north-america/us/en/about-us/newsroom/blogs/us-natural-gas-prices-spike.html

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