Natural Gas Prices Plunge on Mild Weather, Robust Production

Natural Gas (NATGAS) saw a drop of 2.99% on September 28, as traditional shoulder-season fundamentals reasserted dominance in the North American gas balance.

The primary catalyst for this pullback was a sharp decline in domestic power sector demand, caused by mild late-September weather patterns sweeping key population hubs.

As summer cooling requirements waned and early winter heating demand remained negligible, electricity burn for air conditioning fell noticeably below seasonal averages.