Natural gas prices fell to $2.87 per million British thermal units as domestic supply and export demand increased.

Domestic production in the Lower 48 states reached a record average of 111.4 billion cubic feet per day in August, rising from 110.7 billion cubic feet per day in July. Supply is expected to increase further with the start of service for Energy Transfer LP's Hugh Brinson Pipeline in Texas on September 1. The pipeline will transport approximately 2.2 billion cubic feet per day from the Permian Basin to East Texas. Additionally, demand from LNG export plants improved as the Cheniere Energy Corpus Christi facility and Freeport LNG in Texas resumed operations following maintenance. While supply increased, losses were limited by forecasts for warmer weather. The Commodity Weather Group indicated that above-average temperatures are expected across the eastern two-thirds of the United States from September 2-11, which is expected to keep cooling demand elevated.