# U.S. blizzard to test gas, electric markets - UPI.com

> Severe winter weather hitting the eastern U.S. was expected to spike short-term gas and power prices, with Boston wholesale gas up more than 80 percent from the prior day. U.S. gas demand was at its highest in over a decade while production fell 6 percent year over year due to wellhead freeze-offs in the Permian and Bakken.

- Date: 2018-01-04 · published 2018-01-04T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/4675-u-s-blizzard-to-test-gas-electric-markets-upi-com
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Demand at multi-year highs combined with freeze-off production losses tightens regional supply and supports gas and power prices.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2018-01-03 | [U.S. gas market faces long-awaited test as cold spurs demand](https://feedsoft.ai/events/4671-u-s-gas-market-faces-long-awaited-test-as-cold-spurs-demand.md) | -33.0% | -27.6% |
| NATGAS | 2018-11-15 | [Natural Gas Markets Remain Ultra Tight \| OilPrice.com](https://feedsoft.ai/events/10418-natural-gas-markets-remain-ultra-tight-oilprice-com.md) | +2.7% | -5.3% |
| NATGAS | 2018-01-04 | [Blizzard Triggers a 60-Fold Surge in Prices for U.S. Natural Gas - Bloomberg](https://feedsoft.ai/events/4669-blizzard-triggers-a-60-fold-surge-in-prices-for-u-s-natural-gas-bloomberg.md) | -30.1% | -31.8% |
| NATGAS | 2018-01-02 | [Record-Setting Cold Shakes Up America’s Commodities Markets - Bloomberg](https://feedsoft.ai/events/4672-record-setting-cold-shakes-up-america-s-commodities-markets-bloomberg.md) | -13.3% | +2.7% |
| NATGAS | 2021-02-12 | [Arctic Blast Grips U.S., Upending Markets, Setting Records - Bloomberg](https://feedsoft.ai/events/5583-arctic-blast-grips-u-s-upending-markets-setting-records-bloomberg.md) | -9.6% | -39.2% |

## Sources

- upi.com: https://www.upi.com/Energy-News/2018/01/04/US-blizzard-to-test-gas-electric-markets/9421515064213/

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