# Natural gas in US soars 60-fold amid icy squeeze in Northeast - The Gulf Time Newspaper

> Natural gas surged to 60 times its normal price in the U.S. Northeast as a blizzard boosted heating demand, with New York spot reaching a record $175 per MMBtu. Electricity prices also climbed 126% to $273.23 per megawatt-hour, and the storm cut power to more than 70,000 homes and businesses.

- Date: 2018-01-06 · published 2018-01-06T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/5985-natural-gas-in-us-soars-60-fold-amid-icy-squeeze-in-northeast-the-gulf-time
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Limited pipeline capacity into Northeast markets keeps regional gas and power prices elevated, raising energy costs for feed and processing plants in the region.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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) | +323.2% | -0.0% |
| NATGAS | 2018-01-09 | [Arctic blast sends natural gas prices to new record in North Carolina](https://feedsoft.ai/events/5984-arctic-blast-sends-natural-gas-prices-to-new-record-in-north-carolina.md) | +44.4% | -3.8% |
| NATGAS | 2021-02-25 | [Natural Gas Production in Texas Dropped 45% Amid Historic Freeze](https://feedsoft.ai/events/48846-natural-gas-production-in-texas-dropped-45-amid-historic-freeze.md) | +0.4% | -10.2% |
| NATGAS | 2018-11-06 | [Natural gas prices surge on surprise forecast for cold US weather](https://feedsoft.ai/events/6487-natural-gas-prices-surge-on-surprise-forecast-for-cold-us-weather.md) | +9.1% | +24.8% |

## Sources

- gulftime.ae: https://gulftime.ae/natural-gas-in-us-soars-60-fold-amid-icy-squeeze-in-northeast/

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