# Natural gas prices are spiking again. Here’s why | CNN Business

> Dutch natural gas rose 24% to €40 per MWh after news of potential industrial action at Australian LNG plants. US natural gas prices have climbed 18% in August so far.

- Date: 2023-08-10 · published 2023-08-10T12:00:00.000Z
- Category: logistics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/34748-natural-gas-prices-are-spiking-again-here-s-why-cnn-business
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Higher gas prices raise energy and nitrogen fertilizer costs, feeding through to feed production costs and prices.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-08-28 | [Natural Gas Prices Rise As Supply Risks Persist \| OilPrice.com](https://feedsoft.ai/events/34752-natural-gas-prices-rise-as-supply-risks-persist-oilprice-com.md) | +9.3% | +5.4% |
| NATGAS | 2018-12-06 | [Natural Gas is Up, Except Where It’s Down](https://feedsoft.ai/events/61749-natural-gas-is-up-except-where-it-s-down.md) | -5.3% | -36.1% |
| NATGAS | 2019-09-23 | [HSC Natural Gas Prices to Rise Amid Disconnect Between Surging Supply, Demand](https://feedsoft.ai/events/57256-hsc-natural-gas-prices-to-rise-amid-disconnect-between-surging-supply-demand.md) | -1.2% | -9.8% |
| NATGAS | 2023-03-27 | [Strikes in France Push European Natural Gas Prices Higher, but Demand Seen Weakening – LNG Recap](https://feedsoft.ai/events/37029-strikes-in-france-push-european-natural-gas-prices-higher-but-demand-seen.md) | +1.5% | +4.9% |
| NATGAS | 2019-12-24 | [New England Natural Gas Prices Hit Two Year High \| OilPrice.com](https://feedsoft.ai/events/7851-new-england-natural-gas-prices-hit-two-year-high-oilprice-com.md) | -2.4% | -11.6% |
| UREA | 2023-09-21 | [Europe Gas Prices Gain After Flows Drop at Biggest US LNG Plant](https://feedsoft.ai/events/34287-europe-gas-prices-gain-after-flows-drop-at-biggest-us-lng-plant.md) | -0.5% | -6.2% |
| UREA | 2026-03-04 | [Closure of the Strait of Hormuz causes urea, diesel prices to spike as planting season begins in Arkansas](https://feedsoft.ai/events/4429-closure-of-the-strait-of-hormuz-causes-urea-diesel-prices-to-spike-as-planting.md) | -0.8% | +7.9% |
| UREA | 2024-01-18 | [Global shipping delays will affect fertilizer prices - Brownfield Ag News](https://feedsoft.ai/events/32437-global-shipping-delays-will-affect-fertilizer-prices-brownfield-ag-news.md) | -0.6% | +12.2% |

## Sources

- cnn.com: https://www.cnn.com/2023/08/10/energy/natural-gas-prices-spike

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