U.S. natural gas consumption reached multiyear lows this past January and February

Mild winter temperatures and reduced natural gas consumption in the residential and commercial sectors drove down overall U.S. natural gas consumption this past January and February, according to our Short-Term Energy Outlook (STEO). In January 2023, U.S. natural gas consumption averaged 106.8 billion cubic feet per day (Bcf/d), its lowest January volume since 2017. February 2023 natural gas consumption averaged 104.5 Bcf/d, its lowest February volume since 2018.