# Prompt Month Natural Gas Futures Jump Toward $3 as Cash Shrugs Off Helene Demand Destruction

> November Nymex natural gas futures rose 14.9 cents to $2.902/MMBtu on September 27 despite Hurricane Helene cutting power to about 4 million Southeast customers. LNG exports held steady and Southeast cash prices fell only slightly. Production held near 100 Bcf/d.

- Date: 2024-09-27 · published 2024-09-27T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/28493-prompt-month-natural-gas-futures-jump-toward-3-as-cash-shrugs-off-helene-demand
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Weather-driven demand loss from the storm was smaller than feared, so the price gain reflects tighter supply expectations that support energy costs for feed buyers.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-11-12 | [US Natural Gas Futures Climb As Production Drops And Demand Shifts - Finimize](https://feedsoft.ai/events/7031-us-natural-gas-futures-climb-as-production-drops-and-demand-shifts-finimize.md) | +32.3% | +61.1% |
| NATGAS | 2022-01-26 | [U.S. Natural Gas Prices Jump On High Demand \| OilPrice.com](https://feedsoft.ai/events/6916-u-s-natural-gas-prices-jump-on-high-demand-oilprice-com.md) | +22.7% | +11.1% |
| 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 | 2022-12-08 | [Modest Storage Draw Fails to Stop Natural Gas Futures Price Rally; West Coast Cash North of $30/MMBtu](https://feedsoft.ai/events/11511-modest-storage-draw-fails-to-stop-natural-gas-futures-price-rally-west-coast.md) | +27.9% | -29.6% |
| NATGAS | 2025-12-25 | [Cold Snap Looms Over Eastern US As Natural Gas Price Jump Nearly 10% On Demand Fears - Dailyoilfutures.com](https://feedsoft.ai/events/7195-cold-snap-looms-over-eastern-us-as-natural-gas-price-jump-nearly-10-on-demand.md) | +1.5% | +248.0% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/prompt-month-natural-gas-futures-jump-toward-3-as-cash-shrugs-off-helene-demand-destruction/

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