A price of $1 the night before the peak was the lowest in history for a natural gas spot gas market.
But that was before prices began to fall for the last few days.
The gas market is not as sensitive to changes in demand as it was on Wednesday.
Gas is a relatively stable product and a spot market price of around $1 a million British thermal units (Btu) is not expected to be the last drop.
But it could be the beginning of the end of prices.
On Wednesday night, prices fell to $1 per million Btu for the average gas well, according to the energy research firm Baker Hughes.
The price for natural gas also dropped.
It was the biggest one-day drop in the history of the market, according a Bloomberg survey of energy market experts.
The spot market was hit hardest by the decline in prices for the oil and natural gas that fueled the shale boom that began in the mid-1990s.
Natural gas has been a key ingredient in many of the nation’s biggest energy projects.
It is now used in many gasification and fracking operations.
The oil industry is looking to boost production to offset the declining prices for natural Gas, the nation is struggling with a supply glut.
Gas prices have been falling at a record pace in recent weeks.
Last week, prices were down to $4 a million Bts.
Brent crude oil, the world’s benchmark for crude, dropped to $48.65 per barrel on Tuesday.
That was down from $56.40 last week.
The United States imported $5.5 trillion worth of natural gas last year, and natural Gas accounted for roughly 20% of that, according the Energy Information Administration.
It’s unclear if the drop in prices has had a ripple effect on other industries, but it is not uncommon for gas prices to decline for a short time.
On Thursday, the Energy Department said that the nation still imported $4.7 trillion worth in natural gas in the first quarter of 2018.
The agency said that gas prices have dropped in some markets, such as West Virginia and Arkansas.
Gasoline prices in those states have also been declining, but at a slower rate.