# Spot Gas Prices Jump Over 400% Ahead of Texas Cold Blast - Bloomberg

> Natural gas spot prices jumped more than 400% as a deep freeze was forecast to hit Texas. The cold was expected to sharply raise demand for the heating fuel.

- Date: 2024-01-12 · published 2024-01-12T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/4183-spot-gas-prices-jump-over-400-ahead-of-texas-cold-blast-bloomberg
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Expected heating demand in a supply-tight cold snap pulls gas prices higher, which raises the cost of gas-fired power and nitrogen fertilizer inputs for feed producers.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2018-01-04 | [Bomb Cyclone: Gas Prices Rise But Only In The Short Term - Bloomberg](https://feedsoft.ai/events/4674-bomb-cyclone-gas-prices-rise-but-only-in-the-short-term-bloomberg.md) | -30.1% | -31.8% |
| NATGAS | 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) | +323.2% | -0.0% |
| NATGAS | 2018-01-04 | [Blizzard Triggers a 60-Fold Surge in Prices for U.S. Natural Gas - Bloomberg](https://feedsoft.ai/events/4669-blizzard-triggers-a-60-fold-surge-in-prices-for-u-s-natural-gas-bloomberg.md) | -30.1% | -31.8% |
| NATGAS | 2022-01-12 | [U.S. Natural Gas Extends Historic Rally as Cold Hits East Coast - Bloomberg](https://feedsoft.ai/events/43319-u-s-natural-gas-extends-historic-rally-as-cold-hits-east-coast-bloomberg.md) | +5.6% | -3.2% |
| 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

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-01-12/spot-gas-prices-jump-more-than-400-ahead-of-texas-cold-blast

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