With forecasts trending cooler and production showing signs of weakness, natural gas futures mounted a second straight day of gains in a volatile Tuesday session.

Chart showing NGI’s Henry Hub and National Average Daily Natural Gas Prices from October 2024 to October 2025 compared with U.S. power and residential/commercial natural gas demand. The graph highlights strong seasonal demand peaks in winter 2024-25 and subsequent price volatility, with Henry Hub and national average prices trending between $2-4/MMBtu through mid-2025. Data sourced from NGI’s Daily Gas Price Index and Wood Mackenzie.

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At A Glance:

Weather models add heating demandAppalachia production readings slipCash prices mixed