US gas prices are falling as mild weather forecasts offset heating demand and allayed fears of gas shortages in the market that supported the recent price rally. The commodity has lost more than 40% since hitting a seven-year high of $6.466 two months ago. Meteorologists believe December will be one of the warmest months in terms of gas consumption since 1950.
Gas prices are starting the new trading week with a downward price gap and are diving below the psychological support of $4. The nearest support for gas prices is the 78.6% retracement ($3.265), which has served as important resistance in the past.

NATGAS continues to fall, D1 interval. Source: xStation 5
BREAKING: Oil prices plummet amid rumors of further OPEC production increases 🚨
Morning Wrap: Global sell-off in the technology sector (13.02.2026)
Daily summary: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure
🚨Gold slumps 3% amid markets preparing for Chinese Lunar Year pause