U.S. natural gas futures fell about 4% on Tuesday as the gas market followed an 8% drop in oil prices. That gas price decline came even though daily gas output dropped and amid forecasts for hotter weather and more demand over the next two weeks than previously expected. The heat has already boosted power demand in several parts of the country to record levels, including in Texas, and caused generators to burn more gas to produce electricity to keep air conditioners humming. read more Also weighing on gas prices, traders noted the ongoing outage at Freeport LNG’s liquefied natural gas (LNG) export plant in Texas has left more gas in the United States for utilities to refill low stockpiles for the winter. Freeport, the second-biggest U.S. LNG export plant, was consuming about 2 billion cubic feet per day (bcfd) of gas before it shut on […]