naturalgas prices have plunged in the past month as storage levels in the us and europe have improved and fall weather has been milder than usual meaning people are using less of the fuel to heat their homes that is good news for consumers though there’s a chance that prices will tick higher again as colder weather sets in the drop in european prices is particularly good news given that moscow has turned off almost all supplies of natural gas to the continent amid an economic war sparked by russia’s invasion of ukraine on monday the benchmark price of european natural gas the dutch ttf futures contract closed below €100 which is roughly equivalent to 100 per megawatt hour for the first time since june in august just before russia stopped supplying natural gas through a key pipeline to germany it had briefly jumped over €300