# Surging Heating Demand Makes up for Lagging Natural Gas Power Burns in November

> Lower-48 gas demand rose about 2.2 Bcf/d year on year in November to 91.6 Bcf/d, according to Wood Mackenzie. Residential and commercial heating demand jumped 15% on early-season cold, and LNG demand rose about 5 Bcf/d. Spot prices averaged roughly $5.67 per mmBtu, nearly three times October levels.

- Date: 2025-12-05 · published 2025-12-05T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/21696-surging-heating-demand-makes-up-for-lagging-natural-gas-power-burns-in-november
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Heating demand and LNG pull lifted spot prices out of their autumn lows and helped avoid last year's slide. Strong demand keeps US gas prices firm into winter.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2017-11-06 | [Natural Gas Futures Rally on Forecasts for More Heating Demand By Investing.com](https://feedsoft.ai/events/10188-natural-gas-futures-rally-on-forecasts-for-more-heating-demand-by-investing-com.md) | +11.4% | +2.9% |
| NATGAS | 2025-10-21 | [Chilly Fronts Goose Heating Demand, Sending Natural Gas Futures Higher](https://feedsoft.ai/events/7790-chilly-fronts-goose-heating-demand-sending-natural-gas-futures-higher.md) | +5.7% | +26.2% |
| NATGAS | 2020-10-09 | [Natural Gas Forward Market Volatility Ramps Up as Delta Slashes LNG Demand](https://feedsoft.ai/events/50808-natural-gas-forward-market-volatility-ramps-up-as-delta-slashes-lng-demand.md) | +25.7% | +42.2% |
| NATGAS | 2023-10-26 | [Winter Blast Seen Stoking Huge Natural Gas Price Gains for November Bidweek](https://feedsoft.ai/events/33806-winter-blast-seen-stoking-huge-natural-gas-price-gains-for-november-bidweek.md) | +13.8% | -4.3% |
| NATGAS | 2022-12-08 | [European Natural Gas Prices Surge as Winter Blast Stokes Demand](https://feedsoft.ai/events/11510-european-natural-gas-prices-surge-as-winter-blast-stokes-demand.md) | +27.9% | -29.6% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/surging-heating-demand-makes-up-for-lagging-natural-gas-power-burns-in-november/

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