# Blizzard Triggers a 60-Fold Surge in Prices for U.S. Natural Gas - Bloomberg

> Blizzard conditions across the U.S. Northeast pushed spot natural gas to a record $175 per MMBtu in New York, about 60 times the going rate. That compares with U.S. gas futures averaging $2.93 on NYMEX that winter.

- Date: 2018-01-04 · published 2018-01-04T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/4669-blizzard-triggers-a-60-fold-surge-in-prices-for-u-s-natural-gas-bloomberg
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Extreme weather-driven demand for heating fuel sent cash prices far above futures, showing how sharply short-term supply tightness can spike prices. The effect is largely a short-term cash-market move rather than a sustained futures rally.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2018-11-06 | [Natural gas prices surge on surprise forecast for cold US weather](https://feedsoft.ai/events/6487-natural-gas-prices-surge-on-surprise-forecast-for-cold-us-weather.md) | +9.1% | +24.8% |
| NATGAS | 2026-01-23 | [Natural-Gas Prices Soar as U.S. Braces for Arctic Blast - WSJ](https://feedsoft.ai/events/4760-natural-gas-prices-soar-as-u-s-braces-for-arctic-blast-wsj.md) | -2.8% | -52.5% |
| NATGAS | 2025-12-01 | [U.S. natural gas prices surge 4% to 35-month high in cold snap \| Gas Processing & LNG](https://feedsoft.ai/events/21695-u-s-natural-gas-prices-surge-4-to-35-month-high-in-cold-snap-gas-processing-and.md) | +11.0% | -4.3% |
| 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 | 2022-01-03 | [U.S. natural gas prices rise as cold freezes wells \| Reuters](https://feedsoft.ai/events/43321-u-s-natural-gas-prices-rise-as-cold-freezes-wells-reuters.md) | +2.6% | +37.9% |

## Sources

- daily.energybulletin.org: https://daily.energybulletin.org/2018/01/blizzard-triggers-a-60-fold-surge-in-prices-for-u-s-natural-gas-2/
- bloomberg.com: https://www.bloomberg.com/news/articles/2018-01-04/natural-gas-in-u-s-soars-to-world-s-priciest-as-snow-slams-east

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