The natural gas price has been declining across the country for months, with some states seeing prices fall as low as $1.15 a million British thermal units.
The price is so low that even some companies have decided to lay off staff, or have been forced to cut back operations.
The West Texas Intermediate (WTI) benchmark has fallen as low $1 per million Btu.
The Brent crude oil price is also down.
The prices of natural gas and other natural resources are also plummeting across the western U.S.
The U.K. Natural Gas Association has warned that there could be a “significant supply gap” at times in the coming months, as the European Union tries to revive its liquefied natural gas (LNG) market.