Natural gas futures have traded near $2.82 per MMBtu as of September 11, 2026, pressured by record Lower-48 output above 113 billion cubic feet per day and working gas inventories at 3,214 Bcf, or 5% above the five-year average. A below-average 30 Bcf storage build for the prior week provided modest support amid hotter-than-normal temperatures that boosted power-sector demand, while LNG feedgas volumes rose after maintenance outages cleared. The EIA’s August Short-Term Energy Outlook projects Henry Hub averaging $2.87 for Q3 before seasonal heating demand potentially lifts prices later in the year. Traders are monitoring the next EIA storage report and shifting weather models for signals on whether prices can sustain moves above $3.00 during the September 7 week.