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East region natural gas storage fell to 438 Bcf after a 64 Bcf withdrawal for the week ending February 6, leaving stocks 13.4% below the five-year average. Lower 48 stocks fell by 249 Bcf, and Northeast cash prices averaged $9.005 per mmBtu, nearly triple the national average.
The draws followed a prolonged deep freeze across much of the East.
A widening storage deficit keeps regional gas prices high and raises energy costs for Eastern processors and feed mills. The deficit may keep the next storage draws elevated if cold persists.
naturalgasintel.comKevin DobbsFeb 12, 2026After 221 past bullish weather events, NATGAS moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
