# U.S. natgas up 3% as contract expires, global prices surge | Financial Post

> US natural gas futures rose about 3% on September 28 as global oil and gas prices surged and the October contract expired. Hurricane Ian knocked out power to over 500,000 Florida customers, which analysts said would cut gas demand from power generators.

- Date: 2022-09-28 · published 2022-09-28T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/39772-u-s-natgas-up-3-as-contract-expires-global-prices-surge-financial-post
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Storm-related power losses reduce gas demand, but the global price surge limits the downside for US gas. The net effect on energy costs for feed producers is modestly bullish.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2018-01-02 | [It’s so cold in Alberta natural gas wells are freezing up,  sending prices soaring 72% \| Financial Post](https://feedsoft.ai/events/4676-it-s-so-cold-in-alberta-natural-gas-wells-are-freezing-up-sending-prices.md) | -13.3% | +2.7% |
| NATGAS | 2022-12-15 | [U.S. natgas jumps 7% as LNG exports rise, some wells shut due to cold \| Financial Post](https://feedsoft.ai/events/11506-u-s-natgas-jumps-7-as-lng-exports-rise-some-wells-shut-due-to-cold-financial.md) | -11.8% | -47.2% |
| 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 | 2020-08-04 | [U.S. natgas rises to highest since January on surging LNG exports, hot weather \| Financial Post](https://feedsoft.ai/events/10737-u-s-natgas-rises-to-highest-since-january-on-surging-lng-exports-hot-weather.md) | +7.0% | +21.5% |
| NATGAS | 2022-02-02 | [U.S. Natural Gas Skyrockets as Market Awaits Freeze-Offs \| Financial Post](https://feedsoft.ai/events/9224-u-s-natural-gas-skyrockets-as-market-awaits-freeze-offs-financial-post.md) | -16.0% | -7.5% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/u-s-natgas-up-3-as-contract-expires-global-prices-surge

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