U.S. natural gas prices could remain quite low in the near term, according to the Energy Information Administration (EIA).
Henry Hub prices are on track to average $2.37 per million BTU between June and August, the lowest level reported for the summer since 1998.
Gas prices have been weak this summer due to the weak demand for cooling in the early part of the 2019 season and higher inventory levels.
They are not likely to gain momentum unless temperatures turn out to be warmer than anticipated in the second half of July and August.