U.S. Natural Gas Prices Have Plunged By Nearly 80% Since August ...Middle East

The U.S. benchmark natural gas price plunged on Tuesday by as much as 10% to the lowest level since September 2020 due to milder weather and consequently lower demand. After Tuesday’s slump, the gas price at the Henry Hub fell to around $2.043 per million British thermal units (MMBtu) early on Wednesday, down by 1.59%.   The plunge in prices has been significant in recent weeks due to a mild start to January, consistently high supply, and the outage at the Freeport LNG export facility. Mild weather and high production continue to…

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