# US Natural Gas Futures Rise to $3.27 Ahead of Weekly Storage Report

- URL: https://stocks.freetheai.org/news/us-natural-gas-futures-rise-to-3-27-ahead-of-weekly-storage-report-d0121f
- Published: 2026-10-15T03:58:39Z
- Category: commodities; sentiment: bullish; impact: medium
- Symbols: [NYMEX:NG1!](https://stocks.freetheai.org/symbols/NYMEX-NG1!)
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US natural gas futures climbed over 2% to trade around $3.27 per million British thermal units on Thursday, nearing a three-week high. The price gain comes as market participants prepare for the upcoming government inventory update expected later in the day.

Supply constraints have provided upward momentum for gas prices. Average output in the Lower 48 states dipped to 110.8 billion cubic feet per day so far in October, down from peak levels of 113.3 billion cubic feet per day in August and September. Reduced production stems from hurricane shut-ins in the Gulf of Mexico, pipeline issues, and force majeure declarations across several states. Additionally, market analysts project the national gas storage surplus will shrink to 1.6% above historical averages for the week ended October 9, down from 2% the prior week.

Further price upside may face pressure from weak demand fundamentals. Milder-than-normal temperature forecasts across much of the country through late October are expected to depress energy usage for both heating and cooling. Furthermore, LNG export terminal feedgas flows slowed to an average of 17.5 billion cubic feet per day this month, down from 17.9 billion in September. Investors will monitor upcoming weather outlooks and LNG export recovery for long-term direction.

## Key points

- Henry Hub natural gas futures increased by 2.35% to $3.27 per MMBtu ahead of the weekly government storage report.
- Domestic production dropped to 110.8 bcfd in October due to Gulf hurricane shut-ins and pipeline disruptions.
- Analysts project the natural gas storage surplus to narrow from 2.0% to 1.6% above seasonal averages.
- Unseasonably mild weather projections through October 29 and reduced LNG export flows could cap price gains.

## Questions and answers

### Why are US natural gas prices rising today?

Gas prices are rising due to tightening domestic production caused by hurricane shut-ins and pipeline disruptions, alongside expectations that the weekly storage surplus will narrow.

### What is the expected storage surplus in the upcoming EIA report?

Analysts expect the storage surplus to decline to 1.6% above seasonal norms for the week ended October 9, compared to 2.0% in the previous week.

### What factors could limit natural gas price growth?

Gains may be capped by forecasts for milder weather across the US through late October and lower average LNG export feedgas deliveries, which fell to 17.5 bcfd this month.