# Making Sense of Surging Gas Prices - Center on Global Energy Policy at Columbia University SIPA | CGEP

> Global natural gas prices are rising to levels not seen in over a decade, with Russia's war in Ukraine blamed for high European energy prices. The scramble for non-Russian supply has pushed U.S. prices to roughly double since the start of the year.

- Date: 2022-04-19 · published 2022-04-19T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/42049-making-sense-of-surging-gas-prices-center-on-global-energy-policy-at-columbia
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

The analysis suggests much of the price is a risk premium rather than a physical shortage, so prices could ease if supply fears fade, but spikes remain possible while the war continues. Higher gas feeds into nitrogen fertilizer costs.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-04-28 | [Oil Prices Surge as Hormuz Tensions Push WTI Near $100 and Brent Above $111, Threatening Global Energy Markets](https://feedsoft.ai/events/19906-oil-prices-surge-as-hormuz-tensions-push-wti-near-100-and-brent-above-111.md) | +5.1% | +13.7% |
| NATGAS | 2023-05-25 | [SHELL \| Global LNG prices could spike this winter on low European gas stocks](https://feedsoft.ai/events/36127-shell-global-lng-prices-could-spike-this-winter-on-low-european-gas-stocks.md) | -15.9% | +6.0% |
| NATGAS | 2022-03-01 | [Europe's gas supply concerns, high prices put New England forward market at risk \| S&P Global](https://feedsoft.ai/events/42450-europe-s-gas-supply-concerns-high-prices-put-new-england-forward-market-at-risk.md) | +10.2% | +24.4% |
| NATGAS | 2026-03-04 | [Dollar firms, euro stumbles as energy prices surge \| MarketScreener](https://feedsoft.ai/events/11005-dollar-firms-euro-stumbles-as-energy-prices-surge-marketscreener.md) | -0.9% | -6.3% |
| NATGAS | 2026-03-03 | [Global oil and gas prices soar as Iran crisis disrupts shipping, production \| Reuters](https://feedsoft.ai/events/8777-global-oil-and-gas-prices-soar-as-iran-crisis-disrupts-shipping-production.md) | +7.0% | -3.1% |

## Sources

- energypolicy.columbia.edu: https://www.energypolicy.columbia.edu/making-sense-surging-gas-prices/

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