The Energy Buyer's Guide | 03.03.2025

Natural gas futures pull back as the market eyes the approaching spring.

- Natural gas futures retreated last week, giving up a portion of the gains established during the three-week rally; the March 2025 contract expired on Wednesday at $3.906 per MMBtu

- Temperature patterns warmed considerably, leading to major downward pressure on spot natural gas and electricity pricing, which fell in every area of the country

- Natural gas storage inventories declined by 261 Bcf during the third week of February, reflecting what looks to be the final major cold snap of the winter season

- Domestic natural gas production pushed toward record highs near the end of the week, with preliminary estimates showing output exceeding 104 Bcf per day as producers look to take advantage of higher market pricing