NYMEX Gas Futures Price Closes Below $3 Once Again – Yuck

It finally happened. After the front-month NYMEX natural gas futures price closed above $3 on September 2, it once again sank below a $3 closing price at yesterday's close. The price closed down 9.5 cents yesterday at $2.934 per million British thermal units (MMBtus). On the bright side, the price is still 8.8% higher than the lowest price (so far) in 2025, which was $2.696 hit on Monday, Aug. 25. Where do we go from here? And, is the futures price affecting regional spot prices in the Marcellus/Utica?

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