# NatGas Spot Hits Record $175/MMBtu at Transco Z6 NY Amid Nor'easter: MidDay Alert

> Heavy snow and blizzard conditions on the U.S. East Coast drove the highest natural gas spot price ever recorded by NGI, with Transco Zone 6 New York trading as high as $175 per MMBtu. Futures sold off after an EIA storage report fell short of expectations, with the prompt month settling at $2.880.

- Date: 2018-01-04 · published 2018-01-04T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/4673-natgas-spot-hits-record-175-mmbtu-at-transco-z6-ny-amid-nor-easter-midday-alert
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Cash prices spiked on local weather and pipeline constraints, but futures fell on warmer forecasts, so the price signal was mostly short-term for the market as a whole.

## Read by commodity

- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2018-01-04 | 1 | -15.5% | -3.8 | Futures sold off after the EIA storage miss despite record regional spot prices, with the prompt month settling at $2.880. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-02-16 | [Natural Gas Prices Hit Historic $999/MMBtu High as Unrivaled Cold Strains Supply, Fuels Record Demand](https://feedsoft.ai/events/48844-natural-gas-prices-hit-historic-999-mmbtu-high-as-unrivaled-cold-strains-supply.md) | -27.6% | -40.0% |
| NATGAS | 2024-07-30 | [US natgas prices jump 4% on forecast for record heat](https://feedsoft.ai/events/29450-us-natgas-prices-jump-4-on-forecast-for-record-heat.md) | -1.0% | +7.2% |
| NATGAS | 2024-01-10 | [US natgas prices higher - Markets - Business Recorder](https://feedsoft.ai/events/4186-us-natgas-prices-higher-markets-business-recorder.md) | -11.0% | -39.3% |
| NATGAS | 2018-11-13 | [Henry Hub Tops $4/MMBtu as Natural Gas Markets React to Early Winter Cold, Lean Storage](https://feedsoft.ai/events/9433-henry-hub-tops-4-mmbtu-as-natural-gas-markets-react-to-early-winter-cold-lean.md) | +20.7% | +15.4% |
| NATGAS | 2021-08-28 | [US natgas jump to fresh 32-month high - Markets - Business Recorder](https://feedsoft.ai/events/45737-us-natgas-jump-to-fresh-32-month-high-markets-business-recorder.md) | +8.7% | +28.8% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/natgas-spot-hits-record-175mmbtu-at-transco-z6-ny-amid-noreaster-midday-alert/

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