# Nat-Gas Prices Jump on Forecasts for Warm US Temps

> June Nymex natural gas closed up 5.56% on Monday as forecasts shifted toward above-normal temperatures for much of the eastern and central US from May 4-8. Prices had hit a 3-3/4 year low the previous Friday on ample supplies and mild spring weather.

- Date: 2024-04-29 · published 2024-04-29T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/9863-nat-gas-prices-jump-on-forecasts-for-warm-us-temps
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Warmer forecasts lift expected cooling-related power demand and gas burn, pushing prices higher from multi-year lows. The move is mainly an energy-sector signal for feed buyers.

## Read by commodity

- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2024-04-29 | 1 | +18.0% | 3.5 | Forecasts for above-normal temperatures in the eastern and central US raised expected cooling demand and triggered a sharp short-covering jump from a near four-year low on the same day. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-07-30 | [US natgas prices jump 4% on forecast for record heat](https://feedsoft.ai/events/29450-us-natgas-prices-jump-4-on-forecast-for-record-heat.md) | -1.0% | +7.2% |
| NATGAS | 2025-12-29 | [Nat-Gas Prices Soar as US Temps Plunge](https://feedsoft.ai/events/7191-nat-gas-prices-soar-as-us-temps-plunge.md) | -17.1% | +187.6% |
| NATGAS | 2018-11-06 | [Natural gas prices surge on surprise forecast for cold US weather](https://feedsoft.ai/events/6487-natural-gas-prices-surge-on-surprise-forecast-for-cold-us-weather.md) | +9.1% | +24.8% |
| NATGAS | 2021-05-17 | [Natural Gas Prices Jump On Warmer Weather \| OilPrice.com](https://feedsoft.ai/events/47270-natural-gas-prices-jump-on-warmer-weather-oilprice-com.md) | -2.8% | +13.6% |
| NATGAS | 2024-01-08 | [UPDATE 1-US natgas prices up 3% to 7-week high on extreme cold forecasts](https://feedsoft.ai/events/4190-update-1-us-natgas-prices-up-3-to-7-week-high-on-extreme-cold-forecasts.md) | +134.5% | -25.5% |

## Sources

- barchart.com: https://www.barchart.com/story/news/25820204/nat-gas-prices-jump-on-forecasts-for-warm-us-temps

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