Financial Wire

Natural Gas Steady At An 18-Month Low on Light Spring Demand

-- Natural gas was steady at an 18-month low early Tuesday as spring temperatures cut into demand. Gas for May delivery was last seen unchanged at $2.63 per million British thermal units, the lowest since October 2024.

The price of the fuel is down 13% over the past month as mild spring temperatures keep demand light, with little call on supply for heating or cooling.

Long-term forecasts from the National Weather Service expect most states east of the Rocky Mountains to see seasonal or warmer temperatures over its six to 10 days, while states west of the mountains will be seasonal or cooler.

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Natural Gas Steady At An 18-Month Low on Light Spring Demand | Financial Wire