# Rising Prices Fueled by Weather | Global LNG Hub

> The NYMEX August natural gas contract traded up about 7 cents to around $1.90 per MMBtu on hot weather forecasts. Weather-driven demand ran 5-6 Bcf per day above normal and a sudden production issue added to the rise.

- Date: 2020-07-08 · published 2020-07-08T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/11171-rising-prices-fueled-by-weather-global-lng-hub
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Above-normal heat demand shrinks expected storage injections, which supports prices. Analysts see resistance near $1.91 with a possible move toward $2.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-07-29 | [Warmer Weather, Increased Demand Jump Start Global Natural Gas Prices — LNG Recap](https://feedsoft.ai/events/29452-warmer-weather-increased-demand-jump-start-global-natural-gas-prices-lng-recap.md) | -3.3% | -3.7% |
| NATGAS | 2025-12-31 | [Frigid weather elevates US Northeast power and gas prices \| S&P Global](https://feedsoft.ai/events/7194-frigid-weather-elevates-us-northeast-power-and-gas-prices-s-and-p-global.md) | -20.9% | +51.6% |
| NATGAS | 2025-02-11 | [Nat-Gas Prices Supported by Colder US Weather](https://feedsoft.ai/events/8696-nat-gas-prices-supported-by-colder-us-weather.md) | +46.3% | +30.3% |
| NATGAS | 2024-12-03 | [Key global natural gas prices set to keep rising into 2025](https://feedsoft.ai/events/27138-key-global-natural-gas-prices-set-to-keep-rising-into-2025.md) | -0.5% | +12.3% |
| NATGAS | 2021-02-01 | [Wintry Weather Lifts Natural-Gas Prices  - WSJ](https://feedsoft.ai/events/48840-wintry-weather-lifts-natural-gas-prices-wsj.md) | +20.6% | +4.5% |

## Sources

- globallnghub.com: https://globallnghub.com/rising-prices-fueled-by-weather/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.