# U.S. natural gas supply vs consumption | PIER20 benchmarks

Is U.S. dry gas production keeping up with domestic consumption?

U.S. natural gas supply vs consumption compares monthly dry gas production to total domestic consumption. When production runs above consumption, the surplus goes into storage or LNG exports. when below, storage withdrawals must fill the gap. It is the headline supply-demand balance of the U.S. gas market. 

As of **May 2026**, the latest readings are Dry gas production at **110.26 Bcf/day** and Total consumption at **75.84 Bcf/day**. The Dry gas production line is up 3.5% over the past year and above its long-run median of 66.77 Bcf/day.

## Summary statistics (full history)

| Series | First | Latest | Min | Max |
|---|---|---|---|---|
| Dry gas production | 53.94 | 110.26 | 44.53 | 111.61 |
| Total consumption | 86.35 | 75.84 | 45.60 | 126.48 |

## Last 24 readings

| Date | Dry gas production | Total consumption |
|---|---|---|
| Jun 2024 | 102.73 | 81.03 |
| Jul 2024 | 104.03 | 88.58 |
| Aug 2024 | 103.06 | 87.87 |
| Sep 2024 | 102.33 | 80.53 |
| Oct 2024 | 103.77 | 78.42 |
| Nov 2024 | 103.80 | 90.33 |
| Dec 2024 | 105.68 | 108.45 |
| Jan 2025 | 104.29 | 126.48 |
| Feb 2025 | 104.86 | 115.43 |
| Mar 2025 | 107.32 | 88.74 |
| Apr 2025 | 106.87 | 79.23 |
| May 2025 | 106.52 | 74.45 |
| Jun 2025 | 107.50 | 80.53 |
| Jul 2025 | 108.00 | 87.84 |
| Aug 2025 | 108.65 | 85.26 |
| Sep 2025 | 108.27 | 80.90 |
| Oct 2025 | 107.32 | 78.81 |
| Nov 2025 | 110.27 | 92.77 |
| Dec 2025 | 111.61 | 112.84 |
| Jan 2026 | 108.77 | 122.23 |
| Feb 2026 | 110.68 | 111.18 |
| Mar 2026 | 110.74 | 89.65 |
| Apr 2026 | 110.93 | 79.63 |
| May 2026 | 110.26 | 75.84 |

## How to read this benchmark

**What a surplus or deficit means.** A production surplus builds the storage buffer. A persistent deficit through injection season is the setup for storage scarcity heading into winter. 

**Limitations.** Monthly data carries a roughly two-month lag. Treat the chart as context for gas balance, not investment advice. 

## How this benchmark is used

**The storage-injection backdrop.** The storage page shows the stock. this page shows the flow that determines whether storage is building or draining. 

## Frequently asked questions

**What is the current U.S. natural gas supply vs consumption?**

As of May 2026, the latest readings are Dry gas production at 110.26 Bcf/day and Total consumption at 75.84 Bcf/day. The Dry gas production line is up 3.5% over the past year and above its long-run median of 66.77 Bcf/day.

**How often is this benchmark updated?**

This benchmark is built on monthly data. The page is refreshed when the source publishes new observations; the freshness block below the chart shows the exact data-through date and when PIER20 last fetched the file.

**What data sources does this chart use?**

The chart is built from Dry gas production and Total consumption, sourced from the U.S. Energy Information Administration (EIA).

**How is this different from the storage level?**

The storage page shows how much gas is underground. This page shows the production and consumption that determine whether that stock builds or drains. 

## Methodology

- Formula: balance = dryProduction - totalConsumption, in Bcf/day
- Frequency: Monthly
- Sources: Dry gas production (dry-gas-prod) https://www.eia.gov/dnav/ng/hist/n9070us1m.htm; Total consumption (gas-cons) https://www.eia.gov/dnav/ng/hist/n9140us1m.htm. Data via the U.S. Energy Information Administration (EIA).
- Data through: May 2026
- Last refreshed: 11 Aug 2026

Full interactive chart: https://pier20.com/benchmarks/natural-gas-supply-vs-consumption
Disclaimer: research software output, not investment advice.