Natural Gas Futures Settle at $2.871, Down 10%+ in July on Supply Glut and LNG Outage

U.S. natural gas futures settled at $2.871 on July 23, 2026, down 1.5% on the day and over 10% for July. Three forces converged: storage at 3,056 Bcf sits above seasonal norms, domestic output is rising, and a Texas LNG terminal maintenance outage trapped more gas domestically by cutting export flows. Lower gas prices feed through to cheaper home heating and electricity bills.