# US natural gas prices surge as La Niña replaces El Niño – Chemicals and the Economy

> US natural gas prices have surged to about $4.25/mmBtu after collapsing in 2023, as record generator consumption, colder winter weather, faster LNG exports and lower production eliminated surplus inventories. The article links the shift from El Niño to La Niña to colder northern US and European winters.

- Date: 2025-02-23 · published 2025-02-23T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/26221-us-natural-gas-prices-surge-as-la-nina-replaces-el-nino-chemicals-and-the
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Higher and more volatile natural gas prices raise ammonia and urea production costs, supporting fertilizer prices, while La Niña-driven cold patterns underline weather risk.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-04-17 | [Nat-Gas Prices Surge on Cold U.S. Temps and Record LNG Exports](https://feedsoft.ai/events/36595-nat-gas-prices-surge-on-cold-u-s-temps-and-record-lng-exports.md) | +11.5% | +6.5% |
| NATGAS | 2024-11-11 | [Nat-Gas Prices Surge on Lower US Gas Output and Colder US Weather](https://feedsoft.ai/events/7027-nat-gas-prices-surge-on-lower-us-gas-output-and-colder-us-weather.md) | +20.1% | +73.4% |
| NATGAS | 2026-05-28 | [Nat-Gas Prices Surge as Storage Tightens and US Weather Turns Hotter](https://feedsoft.ai/events/19436-nat-gas-prices-surge-as-storage-tightens-and-us-weather-turns-hotter.md) | +0.2% | +6.2% |
| NATGAS | 2018-11-06 | [Natural gas prices surge on surprise forecast for cold US weather](https://feedsoft.ai/events/6487-natural-gas-prices-surge-on-surprise-forecast-for-cold-us-weather.md) | +9.1% | +24.8% |
| NATGAS | 2018-10-04 | [Natural gas prices have surged over the last month — here's why](https://feedsoft.ai/events/62745-natural-gas-prices-have-surged-over-the-last-month-here-s-why.md) | +3.7% | +1.2% |
| UREA | 2026-01-20 | [Natural gas prices soar as cold snap blasts across the U.S.](https://feedsoft.ai/events/6506-natural-gas-prices-soar-as-cold-snap-blasts-across-the-u-s.md) | +1.4% | +13.7% |
| UREA | 2024-01-14 | [Frigid temps cut US natural gas supply as demand soars, Texas faces possible shortfall By Reuters](https://feedsoft.ai/events/5287-frigid-temps-cut-us-natural-gas-supply-as-demand-soars-texas-faces-possible.md) | -0.3% | +12.6% |
| UREA | 2026-01-26 | [Natural gas prices hit $6 as Winter Storm Fern brings extreme cold](https://feedsoft.ai/events/4410-natural-gas-prices-hit-6-as-winter-storm-fern-brings-extreme-cold.md) | +1.6% | +12.9% |

## Sources

- icis.com: https://www.icis.com/chemicals-and-the-economy/2025/02/us-natural-gas-prices-surge-as-la-nina-replaces-el-nino/

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