Tumbling US natural gas prices prove unstoppable, hurting producers

For nearly a year, U.S. natural gas producers have slammed the brakes on production as prices fall. In the oil versus gas contest, gas producers are losing out. Natural gas prices this month fell to an inflation-adjusted 30-year low of $1.59 per thousand cubic feet, benefiting consumers of the fuel like utilities, but hurting producers who are selling at nominal prices as low as they were in the depths of the COVID-19 downturn.