# Arctic Blast Forecast Drives US Gas Futures to Two-Month High | Energy Intelligence

> Nearby US natural gas futures reached their highest level in more than two months on forecasts of an Arctic blast that could disrupt supply and spike demand. Prices further out the forward curve stayed contained because storage remains well stocked.

- Date: 2024-01-12 · published 2024-01-12T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/5288-arctic-blast-forecast-drives-us-gas-futures-to-two-month-high-energy
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A near-term weather-driven demand spike lifts front-month gas prices, which feed into fertilizer and energy costs. The well-supplied storage position caps gains along the rest of the curve.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-02-11 | [Arctic Blast Sends US Gas Prices Soaring \| Energy Intelligence](https://feedsoft.ai/events/5577-arctic-blast-sends-us-gas-prices-soaring-energy-intelligence.md) | +55.3% | -18.9% |
| NATGAS | 2025-02-21 | [Storms Cause Freeze-Offs, Send US Gas to Two-Year High \| Energy Intelligence](https://feedsoft.ai/events/8694-storms-cause-freeze-offs-send-us-gas-to-two-year-high-energy-intelligence.md) | -18.8% | -15.1% |
| NATGAS | 2022-11-07 | [US Natgas Futures Surge on Coming Cold \| Energy Intelligence](https://feedsoft.ai/events/7576-us-natgas-futures-surge-on-coming-cold-energy-intelligence.md) | +5.0% | -4.9% |
| NATGAS | 2020-08-20 | [US natural gas futures up at fresh 8-month high - Markets - Business Recorder](https://feedsoft.ai/events/51822-us-natural-gas-futures-up-at-fresh-8-month-high-markets-business-recorder.md) | +2.6% | -24.4% |
| NATGAS | 2019-09-03 | [U.S. natgas futures rise to 7-wk high on forecasts for more demand - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/57258-u-s-natgas-futures-rise-to-7-wk-high-on-forecasts-for-more-demand-energy-news.md) | +13.4% | +1.8% |

## Sources

- energyintel.com: https://www.energyintel.com/0000018c-fedb-de4b-a5dc-ffdb67910000

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