# U.S. gas market faces long-awaited test as cold spurs demand

> A polar blast across the eastern U.S. drove record gas deliveries of 143 Bcf on New Year's Day, topping a record set during the 2014 polar vortex. February gas futures rose to about $3.05 per MMBtu, though still well below their 2014 highs.

- Date: 2018-01-03 · published 2018-01-03T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/4671-u-s-gas-market-faces-long-awaited-test-as-cold-spurs-demand
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Record demand against already below-normal storage raises the risk of a sustained price rally if cold persists and withdrawals stay heavy.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-10-09 | [Natural Gas Forward Market Volatility Ramps Up as Delta Slashes LNG Demand](https://feedsoft.ai/events/50808-natural-gas-forward-market-volatility-ramps-up-as-delta-slashes-lng-demand.md) | +25.7% | +42.2% |
| NATGAS | 2018-01-02 | [Cold chills U.S. shale gas production as heating demand jumps](https://feedsoft.ai/events/4670-cold-chills-u-s-shale-gas-production-as-heating-demand-jumps.md) | -13.3% | +2.7% |
| NATGAS | 2018-01-04 | [U.S. blizzard to test gas, electric markets - UPI.com](https://feedsoft.ai/events/4675-u-s-blizzard-to-test-gas-electric-markets-upi-com.md) | -30.1% | -31.8% |
| 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% |
| 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% |

## Sources

- worldoil.com: https://www.worldoil.com/news/2018/1/3/u-s-gas-market-faces-long-awaited-test-as-cold-spurs-demand/

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