US natgas prices slide on rising output, lower LNG export flows

Financial firm LSEG said average gas output in the U.S. Lower 48 states rose to 110.4 billion cubic feet per day (bcfd) so far in July, up from 110.0 bcfd in June, but remained below the monthly record high of 110.6 bcfd in December 2025.

Analysts said mostly mild weather during the spring allowed energy firms to stockpile more gas than usual. As they wait for a federal report on Thursday, analysts projected the amount of gas in storage likely rose to 6.6% above normal during the week ended July 24, up from 6.4% above normal during the previous week.

Meteorologists forecast the weather would remain mostly warmer than normal through August 8, 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.