U.S. Weather and Demand Outlook
Most of the U.S. will see warmer-than-normal temperatures through midweek, with highs mainly in the 40s–70s across the northern states and a few cooler pockets in the 30s.
A weather system moving from the West into the northern and central U.S. Thursday–Friday will bring scattered showers and brief cooling. In contrast, the South will stay mild and pleasant with highs in the 60s–80s.
Overall, natural gas demand remains light to very light over the coming week.
Temperature Outlook
- 6–10 Day and 8–14 Day temperature outlook maps show above-normal warmth continuing for much of the country.
Natural Gas Storage
Natural Gas Production
- Current production: 108.2 Bcf/d
- Day-over-day: -0.2 Bcf/d, Week-over-week: +0.1 Bcf/d, Month-over-month: +0.3 Bcf/d
- 30-day average: 108.2 Bcf/d, Year-over-year: +3.8 Bcf/d
(Chart: U.S. Lower 48 Gas Production)
Pricing Snapshot
- Overseas gas prices (Europe and the U.K.) have surged to nearly $20.00/MMBtu, but domestic supply and export capacity have cushioned U.S. markets.
- Next winter’s futures briefly topped $5.00 for February but have since pulled back below that level.
Natural Gas Pricing – Next 90 Days & Winter 2026/2027:
NYMEX Natural Gas Calendar Strips
The NYMEX 12-Month Strip averages the next 12 months of Henry Hub futures into one price. It’s a powerful indicator of market sentiment — allowing traders (and end users) to lock in year-long coverage at a blended rate.
Watching shifts in this strip helps gauge the broader direction of gas markets, beyond just the prompt month.
LNG Exports
Both NYMEX forward strips and LNG export levels remain near recent averages, suggesting a largely balanced market for now.
(Charts: NYMEX Natural Gas Calendar Strips and LNG Exports)
Electricity Market Trends
(PJM) Ad Hub day-ahead prices remain under 5¢/kWh through the next three months, with next winter’s pricing also looking more favorable than last year’s.
PJM Ad Hub DA & Forward Trend Analysis
What This Means for Buyers
In Summary
- Weather: Warmer-than-normal across most of the U.S.
- Demand: Light to very light through the next 7 days.
- Natural Gas: Steady at ~$3.00/MMBtu; storage healthy.
- Electricity: Prices are attractive for both the near-term and the upcoming winter.
