Utilities used 72 billion cubic feet (bcf), of natural gas storage in the United States previous week used for both power & heating generation,

The use was greater than the 55 billion cubic feet withdrawal observed during the same week last year & the 5-year (2018-2022) average loss of 45 billion cubic feet.

On of March 17, the Energy Information Administration’s gas storage report indicated a balance of 1.9 trillion cubic feet.

The U.S. has had significantly lower heating demand than typical due to an unexpectedly warm start to the winter of 2022–2023, leaving more gas in reserve than originally anticipated.

Gas prices fell from a 14-year peak of 10 per dollar metric million British thermal units in Aug to 7 dollar in Dec to 2 dollar levels since Feb