Natural gas plunges 10% to its lowest level since 2020 as winter demand concerns fade

• Natural gas prices plunged as much as 10% on Tuesday to levels not seen since September 2020.
• US prices fell to a low of $2.06 per million BTUs, representing a 79% decline from its August high.
• The decline in natural gas prices can be attributed to a mild winter that has led to less demand.

Natural gas prices continued their precipitous decline on Tuesday as the energy commodity plunged to levels not seen since September 2020.

US natural gas prices fell as much as 10% to a low of $2.06 per million BTUs on Tuesday, representing a decline of 79% from its August high.