Natural Gas Futures Fall 10%+ in July on Swelling Supply 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. Storage at 3,056 Bcf sits above seasonal norms, domestic output is rising, and a Texas LNG terminal maintenance outage trapped more gas at home by curbing exports. Cheaper gas should mean lower heating and electricity bills.