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Posted June 2, 2026California natural gas prices reach historic lows in early 2026 ›
Note: Prices are adjusted for inflation based on April 2026 Bureau of Labor Statistics’ Consumer Price Index. The SoCal Border Average represents a daily natural gas price index tracking spot prices at key delivery points into the Southern California Gas system.
Monthly average natural gas spot prices in California reached record lows in the first five months of 2026, dropping to values last recorded in the nationwide low-price market of 2024. Record lows were recorded in Northern California's PG&E Citygate and Southern California's SoCal Border Average; SoCal Citygate prices fell to near-record lows but remained higher than some 2024 prices. Several factors contribute to California’s low prices, including above-average inventories and decreasing in-state demand for natural gas-fired electricity.
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