# Natural Gas Prices Hit Historic $999/MMBtu High as Unrivaled Cold Strains Supply, Fuels Record Demand

> U.S. natural gas futures rose Tuesday after an Arctic freeze crippled gas infrastructure. The March Nymex contract settled at $3.129/MMBtu, and Oklahoma next-day gas traded as high as $999. Demand set a two-day delivery record of 151.7 Bcf on Sunday and 149.8 Bcf on Monday amid more than 30 pipeline operational issues.

- Date: 2021-02-16 · published 2021-02-16T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/48844-natural-gas-prices-hit-historic-999-mmbtu-high-as-unrivaled-cold-strains-supply
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A supply shock of this size lifts North American gas costs sharply, which raises nitrogen fertilizer and ethanol production costs and can tighten DDGS supply.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-01-26 | [U.S. Natural Gas Prices Jump On High Demand \| OilPrice.com](https://feedsoft.ai/events/6916-u-s-natural-gas-prices-jump-on-high-demand-oilprice-com.md) | +22.7% | +11.1% |
| NATGAS | 2022-02-03 | [New England natural gas and electricity prices increase on supply constraints, high demand -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/9225-new-england-natural-gas-and-electricity-prices-increase-on-supply-constraints.md) | -33.0% | -23.0% |
| NATGAS | 2018-01-05 | [Cold weather, higher exports result in record natural gas demand - BIC Magazine](https://feedsoft.ai/events/5980-cold-weather-higher-exports-result-in-record-natural-gas-demand-bic-magazine.md) | -14.7% | -21.4% |
| 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% |
| NATGAS | 2025-01-11 | [US natural gas prices soar to two-year high on colder forecasts - Markets - Business Recorder](https://feedsoft.ai/events/26699-us-natural-gas-prices-soar-to-two-year-high-on-colder-forecasts-markets.md) | +53.7% | -14.7% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/natural-gas-prices-hit-historic-999mmbtu-high-as-unrivaled-cold-strains-supply-fuels-record-demand/

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