Gleb Garanich/Reuters
- Natural gas prices have fallen 13% amid forecasts of more mild weather as winter winds down.
- Prices have fallen 34% this year as warmer winter temperatures hurt demand.
- Falling prices are a sign that the US needs to scale back gas production, some commentators say.
US natural gas prices plummeted on Monday to their lowest level in a week, as more mild weather ahead is expected to suppress energy demand.
Henry hub natural gas futures for April fell to $2.62 per million British thermal units, according to data from the CME Group, down 12.73% from its previous close of $3 per million BTUs.