# Low US Storage Levels Point to Winter Natural Gas Price Spike Risk - Center on Global Energy Policy at Columbia University SIPA | CGEP

> A Columbia CGEP commentary says US natural gas storage is about 700 Bcf below normal, with consumption and exports growing faster than production. It warns that the market is underpricing the risk of winter price spikes at Henry Hub and regional basis points. The paper also notes that consumers are underhedged.

- Date: 2018-10-16 · published 2018-10-16T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/62746-low-us-storage-levels-point-to-winter-natural-gas-price-spike-risk-center-on
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A structural storage deficit means limited cushion against cold weather, which supports gas prices through winter. Higher gas costs feed through to energy-intensive feed milling and ethanol co-product economics.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-11-01 | [Q&A \| The Role of Liquefied Natural Gas in the US Gas Market - Center on Global Energy Policy at Columbia University SIPA \| CGEP](https://feedsoft.ai/events/44235-q-and-a-the-role-of-liquefied-natural-gas-in-the-us-gas-market-center-on-global.md) | +1.0% | -10.6% |
| NATGAS | 2021-10-20 | [The Global Energy Crisis: Implications of Record High Natural Gas Prices - Center on Global Energy Policy at Columbia University SIPA \| CGEP](https://feedsoft.ai/events/44767-the-global-energy-crisis-implications-of-record-high-natural-gas-prices-center.md) | +15.9% | +4.0% |
| NATGAS | 2018-07-03 | [Gas traders fear US winter price spike - Energy Risk](https://feedsoft.ai/events/64222-gas-traders-fear-us-winter-price-spike-energy-risk.md) | -1.3% | -2.8% |
| NATGAS | 2021-03-25 | [Carbon pricing, storage levels, LNG outages: Global links emerge to drive natural gas price movements - Commodities Focus](https://feedsoft.ai/events/48286-carbon-pricing-storage-levels-lng-outages-global-links-emerge-to-drive-natural.md) | +1.0% | +8.7% |
| NATGAS | 2022-01-19 | [High natural gas prices could lead to spike in food costs through fertilizer link \| S&P Global](https://feedsoft.ai/events/43069-high-natural-gas-prices-could-lead-to-spike-in-food-costs-through-fertilizer.md) | -6.1% | -2.4% |

## Sources

- energypolicy.columbia.edu: https://www.energypolicy.columbia.edu/publications/low-us-storage-levels-point-winter-natural-gas-price-spike-risk/

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