BofA Predicts NatGas Price Could Crash Below $2 in Early 2024

We continue to monitor the price of natural gas, which has remained mired in the mid-$2 range for months on end. Every time it seems like it might make a run for $3, the price slides--as it did yesterday (down $0.12 to close at $2.73). We spotted two somewhat contradictory stories about the price of gas, both published by Reuters. One story is about a prediction from Bank of America, which said in a note that if we have a mild winter (as some are predicting), it's quite possible the price of natgas will crash below $2 during the first quarter of 2024.

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