◂ Event Timeline

Jul 26, 2023WEATHERUS

Natural Gas Futures, Cash Prices Advance Alongside Soaring Temperatures

August natural gas futures rose 4.5 cents to $2.730/MMBtu as exceptional near-term heat lifted demand. A pipeline fire on TC Energy's Columbia system in Virginia caused no substantial flow disruption.

WHY IT MATTERS

Heat-driven power demand supports gas prices in the short term, though ample production limits the upside for energy and fertilizer costs.

AFFECTSNATGAS▲

SOURCE
naturalgasintel.comKevin DobbsJul 26, 2023

Price reaction & history

NATGAS▲bullishSO FAR1d -2.3%5d -6.3%20d -4.6%

After 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.

Dec 29, 2025Nat-Gas Prices Soar as US Temps Plunge-17.1%
Mar 1, 2019Gas Prices Explode in U.S. Northwest as Temperatures Plunge+1.1%
Nov 20, 2024Untethered as Cold Weather Emerges, Natural Gas Futures Soar; Cash Climbs+31.9%
Jan 20, 2026Natural gas prices soar as cold snap blasts across the U.S.+323.2%
Oct 25, 2021U.S. natural gas prices soar 10% as cold winter forecasts develop+5.2%

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.

NATGAS · GP ▸

——— · ·

Loading…