EIA lowers natural gas price forecasts again

Keefe Borden

March 07, 2023

The forecast for natural gas spot prices in the U.S. in 1Q23 has fallen 11.2% as milder temperatures have led to a decline in natural gas consumption. The latest Short Term Energy Outlook from the EIA lowered previous forecast of $3.40/MMBtu to $3.02/MMBtu, because of the warmer temperatures. 

The EIA…

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