# Why Natural Gas Rose Sharply Last Week

> Henry Hub natural gas prices rose to a high of $6.2/MMBtu last week after temperatures from December 24, 2017 to January 3, 2018 fell well below the 30-year average. EIA data showed total U.S. gas consumption reached 150 Bcf, topping the 2014 record of 143.3 Bcf.

- Date: 2018-01-08 · published 2018-01-08T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/5983-why-natural-gas-rose-sharply-last-week
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Natural gas is a key input for nitrogen fertilizer producers, so the spike raises production costs and can support urea and other nitrogen fertilizer prices.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2018-10-04 | [Natural gas prices have surged over the last month — here's why](https://feedsoft.ai/events/62745-natural-gas-prices-have-surged-over-the-last-month-here-s-why.md) | +3.7% | +1.2% |
| NATGAS | 2019-07-30 | [NATURAL GAS WEEKLY UPDATE (Week Ending 07-26-19)](https://feedsoft.ai/events/7910-natural-gas-weekly-update-week-ending-07-26-19.md) | -6.4% | +2.1% |
| NATGAS | 2020-08-03 | [Why Natural Gas Prices Just Exploded \| OilPrice.com](https://feedsoft.ai/events/10738-why-natural-gas-prices-just-exploded-oilprice-com.md) | +20.9% | +40.9% |
| NATGAS | 2024-01-13 | [Weekly Natural Gas Spot Prices, Futures Post Robust Gains on Bone-Chilling Cold](https://feedsoft.ai/events/4187-weekly-natural-gas-spot-prices-futures-post-robust-gains-on-bone-chilling-cold.md) | -63.9% | -73.3% |
| NATGAS | 2021-02-01 | [Wintry Weather Lifts Natural-Gas Prices  - WSJ](https://feedsoft.ai/events/48840-wintry-weather-lifts-natural-gas-prices-wsj.md) | +20.6% | +4.5% |
| UREA | 2026-01-20 | [Natural gas prices soar as cold snap blasts across the U.S.](https://feedsoft.ai/events/6506-natural-gas-prices-soar-as-cold-snap-blasts-across-the-u-s.md) | +1.4% | +13.7% |
| UREA | 2025-02-23 | [US natural gas prices surge as La Niña replaces El Niño – Chemicals and the Economy](https://feedsoft.ai/events/26221-us-natural-gas-prices-surge-as-la-nina-replaces-el-nino-chemicals-and-the.md) | -0.3% | -4.4% |
| UREA | 2021-03-05 | [Natural gas shortage shuts down fertilizer plants - High Plains Journal](https://feedsoft.ai/events/48437-natural-gas-shortage-shuts-down-fertilizer-plants-high-plains-journal.md) | +5.7% | +0.8% |

## Sources

- marketrealist.com: https://marketrealist.com/2018/01/nitrogen-input-natural-gas-rose-steeply-last-week/

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