What drives the natural gas price?
Seasonal weather, LNG exports, and energy policy all pull natural gas in different directions. Each row traces a chain of real events that pushed prices higher or lower, month by month.
Natural Gas Price2.78▼ 2.2% · 30d · 48 chains
APR 2APR 14APR 23MAY 1
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Sign upMAY 1 – MAY 31, 2026
MAY 1
Closed: +5.82%
🇺🇸 Lng Export Rise
2026-05-01
🇺🇸 GAS PRICE ▲
2026-05-01
Higher LNG exports reduce domestic supply, pushing natural gas prices up.
↓
🇺🇸GAS PRICE ▲
APR 30
Closed: −1.35%
🕌 Lng Supply Decline
2026-04-30
🇪🇺 GAS PRICE ▲
2026-04-30
Blockade of Strait of Hormuz cuts LNG supply, pushing European gas prices higher.
↓
🇪🇺GAS PRICE ▲
🌍 Crude Oil Price Decline
2026-04-30
🇦🇺 GAS PRICE ▼
2026-04-30
Lower crude oil prices reduced costs for oil-linked gas contracts, causing gas prices to fall.
↓
🇦🇺GAS PRICE ▼
APR 29
Closed: −2.13%
🇺🇸 Military Blockade
2026-04-29
🇪🇺 GAS PRICE ▲
2026-04-29
Blockade of Iran disrupts LNG supply through Strait of Hormuz, raising European gas prices.
↓
🇪🇺GAS PRICE ▲
🇺🇸 Temperature Rise
2026-04-29
🇺🇸 GAS PRICE ▼
2026-04-29
Mild weather reduces heating demand, increasing natural gas inventories and pushing prices lower.
↓
🇺🇸GAS PRICE ▼
APR 28
Closed: +0.82%
🇮🇷 Peace Proposal
2026-04-28
🇪🇺 GAS PRICE ▼
2026-04-28
Traders expect the peace proposal to reopen a key shipping route, boosting supply and lowering prices.
↓
🇪🇺GAS PRICE ▼
APR 27
Closed: +0.48%
🇮🇷 Strait Blockade
2026-04-27
🇬🇧 GAS PRICE ▲
2026-04-27
Blockade of Strait of Hormuz disrupts LNG supply, raising UK natural gas prices.
↓
🇬🇧GAS PRICE ▲
🇺🇸 Peace Talks Failure
2026-04-27
🇪🇺 GAS PRICE ▲
2026-04-27
Failed peace talks keep tensions high, disrupting LNG supply from the Persian Gulf, pushing prices up.
↓
🇪🇺GAS PRICE ▲
🇺🇸 Inventory Rise
2026-04-27
🇺🇸 GAS PRICE ▼
2026-04-27
Rising inventories mean more supply, which pushes natural gas prices lower.
↓
🇺🇸GAS PRICE ▼
🇺🇸 Production Decline
2026-04-27
🇺🇸 GAS PRICE ▲
2026-04-27
Production decline reduces supply, pushing natural gas prices higher.
↓
🇺🇸GAS PRICE ▲
APR 1 – APR 30, 2026
MAY 1
Closed: −1.35%
🇺🇸 Lng Export Rise
2026-05-01
🇺🇸 GAS PRICE ▲
2026-05-01
Higher LNG exports reduce domestic supply, pushing natural gas prices up.
↓
🇺🇸GAS PRICE ▲
APR 30
Closed: −1.35%
🕌 Lng Supply Decline
2026-04-30
🇪🇺 GAS PRICE ▲
2026-04-30
Blockade of Strait of Hormuz cuts LNG supply, pushing European gas prices higher.
↓
🇪🇺GAS PRICE ▲
🌍 Crude Oil Price Decline
2026-04-30
🇦🇺 GAS PRICE ▼
2026-04-30
Lower crude oil prices reduced costs for oil-linked gas contracts, causing gas prices to fall.
↓
🇦🇺GAS PRICE ▼
APR 29
Closed: −2.13%
🇺🇸 Military Blockade
2026-04-29
🇪🇺 GAS PRICE ▲
2026-04-29
Blockade of Iran disrupts LNG supply through Strait of Hormuz, raising European gas prices.
↓
🇪🇺GAS PRICE ▲
🇺🇸 Temperature Rise
2026-04-29
🇺🇸 GAS PRICE ▼
2026-04-29
Mild weather reduces heating demand, increasing natural gas inventories and pushing prices lower.
↓
🇺🇸GAS PRICE ▼
APR 28
Closed: +0.82%
🇮🇷 Peace Proposal
2026-04-28
🇪🇺 GAS PRICE ▼
2026-04-28
Traders expect the peace proposal to reopen a key shipping route, boosting supply and lowering prices.
↓
🇪🇺GAS PRICE ▼
APR 27
Closed: +0.48%
🇮🇷 Strait Blockade
2026-04-27
🇬🇧 GAS PRICE ▲
2026-04-27
Blockade of Strait of Hormuz disrupts LNG supply, raising UK natural gas prices.
↓
🇬🇧GAS PRICE ▲
🇺🇸 Peace Talks Failure
2026-04-27
🇪🇺 GAS PRICE ▲
2026-04-27
Failed peace talks keep tensions high, disrupting LNG supply from the Persian Gulf, pushing prices up.
↓
🇪🇺GAS PRICE ▲
🇺🇸 Inventory Rise
2026-04-27
🇺🇸 GAS PRICE ▼
2026-04-27
Rising inventories mean more supply, which pushes natural gas prices lower.
↓
🇺🇸GAS PRICE ▼
🇺🇸 Production Decline
2026-04-27
🇺🇸 GAS PRICE ▲
2026-04-27
Production decline reduces supply, pushing natural gas prices higher.
↓
🇺🇸GAS PRICE ▲
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APR 24
Closed: −3.48%
🇮🇷 Diplomatic Negotiation
2026-04-24
🇪🇺 GAS PRICE ▼
2026-04-24
Hopes for US-Iran talks progress eased supply disruption fears, lowering gas prices.
↓
🇪🇺GAS PRICE ▼
APR 23
Closed: −3.97%
🇺🇸 Gas Storage Rise
2026-04-23
🇺🇸 GAS PRICE ▼
2026-04-23
High storage levels mean more supply, which pushes natural gas prices down.
↓
🇺🇸GAS PRICE ▼
🇺🇸 Military Strike
2026-04-20
🇮🇷 Shipping Disruption
2026-04-20
The US military strike on an Iranian ship caused Iran to close the Strait of Hormuz in retaliation.
🕌 Lng Supply Disruption
2026-04-23
Iran's closure of the Strait of Hormuz has blocked LNG shipments from the Persian Gulf, cutting global supply.
🇪🇺 GAS PRICE ▲
2026-04-23
LNG supply disruptions from the Persian Gulf reduce available gas for Europe, pushing prices higher.
↓
🇪🇺GAS PRICE ▲
APR 22
Closed: +0.93%
🇺🇸 Peace Talk Uncertainty
2026-04-22
🇪🇺 GAS PRICE ▲
2026-04-22
Uncertainty over US-Iran peace talks keeps the Strait of Hormuz closed, disrupting gas supply and pushing prices higher.
↓
🇪🇺GAS PRICE ▲
APR 21
Closed: +0.3%
🇺🇸 Gas Production Decline
2026-04-21
🇺🇸 GAS PRICE ▲
2026-04-21
Lower production reduces supply, which pushes up natural gas prices.
↓
🇺🇸GAS PRICE ▲
🇮🇷 Military Conflict
2026-04-21
🇪🇺 GAS PRICE ▲
2026-04-21
Military conflict disrupts LNG shipments through the Strait of Hormuz, reducing supply to Europe.
↓
🇪🇺GAS PRICE ▲
🌍 Peace Talk Anticipation
2026-04-21
🇪🇺 GAS PRICE ▼
2026-04-21
Expectations for renewed US-Iran peace talks reduced fears of supply disruptions, lowering gas prices.
↓
🇪🇺GAS PRICE ▼
🇺🇸 Storage Surplus
2026-04-21
🇺🇸 GAS PRICE ▼
2026-04-21
A persistent storage surplus, due to mild weather and strong inventory injections, increased supply and reduced demand pressure on natural gas prices.
↓
🇺🇸GAS PRICE ▼
APR 20
Closed: +0.56%
🇺🇸 Military Strike
2026-04-20
🇮🇷 Shipping Disruption
2026-04-20
The US military strike on an Iranian ship caused Iran to close the Strait of Hormuz in retaliation.
🌍 GAS PRICE ▲
2026-04-20
The closure of the Strait of Hormuz disrupts global energy supply routes, reducing available natural gas and pushing prices higher.
🇪🇺 Stock Market Decline
2026-04-20
Higher gas prices increase inflation risks and threaten economic growth, causing investors to sell European stocks.
↓
🌍GAS PRICE ▲
↓
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APR 17
Closed: +1.02%
🇪🇺 Temperature Rise
2026-04-17
🇪🇺 GAS PRICE ▼
2026-04-17
Warmer weather reduces heating demand, lowering natural gas consumption and prices.
↓
🇪🇺GAS PRICE ▼
🕌 Diplomatic Negotiation Progress
2026-04-17
🇪🇺 GAS PRICE ▼
2026-04-17
Diplomatic progress in the Middle East eased fears of supply disruptions, lowering natural gas prices.
↓
🇪🇺GAS PRICE ▼
🇨🇳 Demand Decline
2026-04-17
🇪🇺 GAS PRICE ▼
2026-04-17
China's reduced demand for LNG means less competition for cargoes, lowering European natural gas prices.
↓
🇪🇺GAS PRICE ▼
🇪🇺 Wind Generation Rise
2026-04-17
🇪🇺 GAS PRICE ▼
2026-04-17
Increased wind power generation reduced demand for natural gas, putting downward pressure on prices.
↓
🇪🇺GAS PRICE ▼
APR 16
Closed: +1.42%
🇺🇸 Diplomatic Negotiation Progress
2026-04-16
🇪🇺 GAS PRICE ▼
2026-04-16
Progress in US-Iran ceasefire talks reduces supply disruption fears, lowering natural gas prices.
↓
🇪🇺GAS PRICE ▼
🇺🇸 Inventory Decline
2026-04-16
🌍 GAS PRICE ▲
2026-04-16
Gasoline inventories fell sharply, which normally pushes prices up, but prices fell due to peace talks.
🇪🇺 Stock Market Decline
2026-04-20
Higher gas prices increase inflation risks and threaten economic growth, causing investors to sell European stocks.
↓
🌍GAS PRICE ▲
↓
APR 15
Closed: +0.42%
🇺🇸 War De-Escalation
2026-04-15
🇪🇺 GAS PRICE ▼
2026-04-15
Optimism about potential US-Iran talks reduces fears of supply disruption, lowering natural gas prices.
↓
🇪🇺GAS PRICE ▼
APR 14
Closed: −1.07%
🌍 Diplomatic Negotiation Progress
2026-04-14
🇪🇺 GAS PRICE ▼
2026-04-14
Hopes for renewed US-Iran talks eased fears of supply disruptions, causing European natural gas prices to drop.
↓
🇪🇺GAS PRICE ▼
APR 13
Closed: −0.79%
🇺🇸 Heating Demand Decline
2026-04-13
🇺🇸 GAS PRICE ▼
2026-04-13
Mild weather reduces heating needs, lowering demand for natural gas and pushing prices down.
↓
🇺🇸GAS PRICE ▼
🇺🇸 Gas Supply Rise
2026-04-13
🇺🇸 GAS PRICE ▼
2026-04-13
Ample gas supply and low demand are pushing prices lower.
↓
🇺🇸GAS PRICE ▼
🇺🇸 Diplomacy Setbacks
2026-04-13
🇺🇸 Shipping Disruption
2026-04-13
Failed US-Iran talks led to a US military blockade of the Strait of Hormuz.
🌍 GAS PRICE ▲
2026-04-13
A US blockade of Iranian ports threatens oil shipments, reducing supply and pushing gasoline prices higher.
🇪🇺 Stock Market Decline
2026-04-20
Higher gas prices increase inflation risks and threaten economic growth, causing investors to sell European stocks.
↓
🌍GAS PRICE ▲
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APR 10
Closed: −0.82%
🕌 War De-Escalation
2026-04-10
🇪🇺 GAS PRICE ▼
2026-04-10
A ceasefire and peace talks reduced supply disruption fears, lowering European natural gas prices.
↓
🇪🇺GAS PRICE ▼
↓
APR 9
Closed: −1.98%
🇺🇸 Military Strike
2026-04-06
🇮🇷 Shipping Disruption
2026-04-06
Trump's threat of strikes on Iran's infrastructure raises the risk of future supply disruptions.
🇪🇺 GAS PRICE ▲
2026-04-09
Iran's blockade of shipping through the Strait of Hormuz disrupted gas supply routes, pushing up European gas prices.
↓
🇪🇺GAS PRICE ▲
APR 8
Closed: −5.09%
🇺🇸 War De-Escalation
2026-04-08
🌍 GAS PRICE ▼
2026-04-08
A US-Iran ceasefire reduced Middle East tensions, lowering global energy supply risks and causing natural gas prices to fall.
🇪🇺 Industrial Stock Rise
2026-04-10
Lower natural gas costs reduce expenses for industrial companies, boosting their stock prices.
↓
🌍GAS PRICE ▼
↓
🇺🇸 Diplomatic Negotiation Progress
2026-04-08
🇪🇺 GAS PRICE ▼
2026-04-08
A ceasefire reduced geopolitical risk, lowering energy costs and easing inflation pressure.
🇪🇺 Interest Rate Rise Expectation Decline
2026-04-08
Lower gas prices reduce inflation pressure, so investors expect fewer ECB rate hikes.
🇩🇪 Treasury Yield Decline
2026-04-08
Investors scaled back ECB rate hike expectations due to easing geopolitical risks, causing German bond yields to fall.
↓
🇪🇺GAS PRICE ▼
↓
🇺🇸 War De-Escalation
2026-04-08
🇪🇺 GAS PRICE ▼
2026-04-08
A temporary ceasefire reduced fears of supply disruptions, causing natural gas prices to fall.
🇪🇺 Interest Rate Rise Expectation Decline
2026-04-08
Lower gas prices reduce inflation pressure, so investors expect fewer ECB rate hikes.
🇩🇪 Treasury Yield Decline
2026-04-08
Investors scaled back ECB rate hike expectations due to easing geopolitical risks, causing German bond yields to fall.
↓
🇪🇺GAS PRICE ▼
↓
APR 7
Closed: +2.1%
🇺🇸 Military Strike
2026-04-07
🇪🇺 GAS PRICE ▲
2026-04-07
Trump's threats against Iran raised fears of supply disruptions through the Strait of Hormuz, pushing up European gas prices.
↓
🇪🇺GAS PRICE ▲
🇺🇸 Gas Production Decline
2026-04-07
🇺🇸 GAS PRICE ▲
2026-04-07
Lower natural gas production reduces supply, pushing prices higher.
🇺🇸 Electric Vehicle Demand Rise
2026-04-07
Higher gas prices make electric vehicles more attractive to consumers, increasing anticipated demand.
↓
🇺🇸GAS PRICE ▲
↓
APR 2
Closed: −0.67%
🇺🇸 Military Strike
2026-03-30
🕌 Supply Disruption
2026-03-30
War escalation disrupts oil shipping routes and threatens infrastructure, reducing supply.
🇬🇧 GAS PRICE ▲
2026-04-02
A blockade in the Strait of Hormuz has disrupted global LNG supply, pushing UK natural gas prices higher.
↓
🇬🇧GAS PRICE ▲
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APR 1
Closed: −2.25%
🕌 Conflict Escalation
2026-04-01
🇪🇺 GAS PRICE ▼
2026-04-01
Hopes that the Middle East war may be ending are causing natural gas prices to fall in Europe.
🇪🇺 Interest Rate Rise Expectation Decline
2026-04-08
Lower gas prices reduce inflation pressure, so investors expect fewer ECB rate hikes.
🇩🇪 Treasury Yield Decline
2026-04-08
Investors scaled back ECB rate hike expectations due to easing geopolitical risks, causing German bond yields to fall.
↓
🇪🇺GAS PRICE ▼
🇺🇸 War De-Escalation
2026-03-31
🇮🇷 War De-Escalation
2026-03-31
The US suspending attacks on Iran reduces immediate conflict, creating conditions for potential peace talks.
🇬🇧 GAS PRICE ▼
2026-04-01
Traders bet that easing conflict in Iran could allow blocked gas shipments to resume, lowering prices.
↓
🇬🇧GAS PRICE ▼
MAR 31
Closed: −0.1%
🕌 Conflict Escalation
2026-03-31
🇪🇺 GAS PRICE ▲
2026-03-31
The Middle East war closed a key shipping route and a major LNG plant, reducing global gas supply to Europe.
🇺🇸 Lng Feedgas Demand Rise
2026-03-31
🇺🇸 GAS PRICE ▲
2026-03-31
Higher LNG feedgas demand due to shipping disruptions reduced supply, pushing natural gas prices upward.
🇺🇸 Electric Vehicle Demand Rise
2026-04-07
Higher gas prices make electric vehicles more attractive to consumers, increasing anticipated demand.
MAR 30
Closed: −4.56%
🇺🇸 Weather Forecast Change
2026-03-30
🇺🇸 GAS PRICE ▼
2026-03-30
Cooler weather forecasts reduced heating demand expectations, pushing natural gas prices lower.
🇮🇷 Military Strike
2026-03-30
🌍 GAS PRICE ▲
2026-03-30
Fears of military strikes disrupting LNG shipments through the Strait of Hormuz are pushing natural gas prices higher.
🇪🇺 Stock Market Decline
2026-04-20
Higher gas prices increase inflation risks and threaten economic growth, causing investors to sell European stocks.
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