U.S. natural gas prices surged above $6 for the first time since late 2022 on Monday as a huge winter storm swept across the country, leaving hundreds of thousands without power and forcing mass flight cancellations.
Natural gas futures for February delivery traded 17.7% higher, or 93 cents, to $6.21 per million British thermal units at 11:46 a.m. London time (6:46 a.m. ET), notching a new 52-week high.
It is the first time the contract, which is up around 68% year-to-date, has climbed above the $6 level since Dec. 2022, when European demand for U.S. liquefied natural gas soared following Russia’s full-scale invasion of Ukraine earlier in the year.
More than 822,000 customers were left without power in the wake of a massive winter storm late Sunday afternoon, according to PowerOutage.us, which collects real-time power outage data from utilities nationwide.
https://www.cnbc.com/2026/01/26/us-natural-gas-prices-snow-ice-winter-storm-fern.html