Futures for September delivery settled +8.6c, or +3.2%, to $2.776/mmbtu on Nymex.
US natural gas futures ended higher as intense and long-lasting heat in Texas pushed consumers to crank up their air-conditioners, putting pressure on gas-fired power generators and the electricity grid.
High temperatures in Houston from August 20-23 are expected to average 100F (38C), up by 5F from the seasonal norm, according to commercial forecaster AccuWeather. Peak load on the Electric Reliability Council of Texas power grid could set a new record this week driven by high temperatures, particularly as wind generation subsides, Eli Rubin, senior energy analyst at EBW Analytics Group, wrote in a note to clients Tuesday.
- Futures for September delivery settled +8.6c, or +3.2%, to $2.776/mmbtu on Nymex
Daily BNEF Gas Data:
- Lower-48 dry gas production on Tuesday ~112.5 bcf/day, or +2.6% y/y
- Lower-48 total gas demand on Tuesday ~83.3 bcf/day, or +2.8% y/y
- Dry gas exports to Mexico on Tuesday ~8.0 bcf/day, or -4% w/w
- Estimated gas flows to LNG export terminals on Tuesday ~17.7 bcf/day, or +2.2% w/w
Published on August 19, 2026
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