Financial firm LSEG said average gas output in the U.S. Lower 48 states has risen to 110.7 billion cubic feet per day (bcfd) so far in July, up from 110.0 bcfd in June and the monthly record high of 110.6 bcfd in December 2025.
Analysts said gas inventories have remained higher than the five-year (2021-2025) average since the spring when the weather was mild, allowing energy firms to stockpile more gas than usual. That inventory surplus has continued due in part to near-record output despite weeks of above-normal temperatures so far this summer.
Meteorologists forecast the weather would remain mostly warmer than normal through August 14, forcing power generators to continue burning lots of gas to keep air conditioners humming. About 40% of U.S. power generation comes from gas-fired plants.
LSEG projected average gas demand in the Lower 48 states, including exports, would rise from 111.7 bcfd this week to 112.5 bcfd next week. The forecast for this week was higher than LSEG's outlook on Wednesday.
Average gas flows to the nine big U.S. LNG export plants eased to 17.2 bcfd so far in July due in part to maintenance at Freeport LNG's 2.4-bcfd plant in Texas, down from 17.4 bcfd in June and a monthly record high of 18.8 bcfd in April.
UNG•
