Skip to content

Natural Gas Roars Toward Record Monthly Gain on Searing US Heat

  • August options expiration helps drive gas-price volatility
  • Tight inventories stoke concern about winter supplies
Updated on

US natural gas futures are surging toward the biggest monthly gain on record, buoyed by scorching weather and the expiration of August options. 

Gas has jumped more than 65% in July. Though the outage at the Freeport export plant in Texas has stranded gas in the domestic market, the bulk of that supply has been burned for power to cool homes and businesses amid blistering temperatures. Gas demand for power generation has jumped by more than 10% this month from a year ago to record levels, according to BloombergNEF data.