# US power and natgas prices soar as extreme freeze hits natgas supplies

> US natural gas and power prices hit multi-year highs ahead of extreme cold expected to bring record gas demand. Freezing wells were also expected to cut gas supplies.

- Date: 2024-01-12 · published 2024-01-12T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/4184-us-power-and-natgas-prices-soar-as-extreme-freeze-hits-natgas-supplies
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Record demand combined with freeze-off supply losses tightens the gas balance and lifts prices, raising energy and fertilizer costs for feed makers.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2025-12-29 | [Nat-Gas Prices Soar as US Temps Plunge](https://feedsoft.ai/events/7191-nat-gas-prices-soar-as-us-temps-plunge.md) | -17.1% | +187.6% |
| NATGAS | 2024-01-08 | [UPDATE 1-US natgas prices up 3% to 7-week high on extreme cold forecasts](https://feedsoft.ai/events/4190-update-1-us-natgas-prices-up-3-to-7-week-high-on-extreme-cold-forecasts.md) | +134.5% | -25.5% |
| NATGAS | 2025-02-19 | [US natgas prices jump 6% to one-month high as wells freeze \| BOE Report](https://feedsoft.ai/events/8693-us-natgas-prices-jump-6-to-one-month-high-as-wells-freeze-boe-report.md) | -20.5% | -18.8% |
| NATGAS | 2025-12-31 | [Frigid weather elevates US Northeast power and gas prices \| S&P Global](https://feedsoft.ai/events/7194-frigid-weather-elevates-us-northeast-power-and-gas-prices-s-and-p-global.md) | -20.9% | +51.6% |
| NATGAS | 2024-11-11 | [Nat-Gas Prices Surge on Lower US Gas Output and Colder US Weather](https://feedsoft.ai/events/7027-nat-gas-prices-surge-on-lower-us-gas-output-and-colder-us-weather.md) | +20.1% | +73.4% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/us-energy-firms-prepare-extreme-freeze-could-hit-natgas-supplies-2024-01-12/

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