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An arctic blast pushed natural gas spot prices to a record $175 per dekatherm in North Carolina and Virginia, up from about $3 average, after temperatures fell below 10 degrees in Charlotte. Duke Energy and Dominion Energy attributed the spike to transportation shortages and cited it in support of the Atlantic Coast Pipeline, which opponents dispute.
The spike is driven by transport bottlenecks rather than supply shortage, so it signals regional delivery constraints that can recur during cold snaps and lift Southeast energy costs.
energysure.comJan 9, 2018After 221 past bullish weather events, NATGAS moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
