09:27 AM EDT, 09/17/2025 (MT Newswires) -- Natural gas traded at a near two-month high early Wednesday, supported by forecasts that see hot weather continuing in all states, offering some late-season cooling demand.

Gas for October delivery was last seen up US$0.05 to $3.15 per million British thermal units, the highest since July 21.

The rise comes as long-term forecasts from the National Weather Service see all states with warmer than seasonal temperatures over the next six to 10 days, adding air-conditioning demand during what is usually a shoulder season ahead of the winter.

Still, gas prices are being checked by ample inventories of the fuel stored for winter use. The Energy Information Administration last week said stocks of the fuel stood at 6% above the five-year average.

"With natural gas currently pricing closer to our low scenario for this quarter (which is $2.97/MMBtu), we suspect weakness will linger given ample storage volumes," Christopher Louney, a commodities strategist at RBC Capital Markets, wrote.