# Natural gas prices surge on surprise forecast for cold US weather

> Natural gas futures surged about 8.6% on a sudden forecast shift toward much colder-than-normal weather across much of the US. Prices hit a session peak of $3.58 per MMBtu, the highest since January, after a two-month rally.

- Date: 2018-11-06 · published 2018-11-06T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/6487-natural-gas-prices-surge-on-surprise-forecast-for-cold-us-weather
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Colder forecasts raise expected heating demand while US storage sits near decade lows, tightening supply and supporting higher natural gas prices.

## Read by commodity

- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2018-11-19 | 5 | +20.7% | 2.9 | A sudden shift to colder-than-normal US forecasts lifted expected heating demand and triggered an 8.6% one-day surge to the highest since January, a key driver of the weekly gain. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-11-11 | [Nat-Gas Prices Surge on Lower US Gas Output and Colder US Weather](https://feedsoft.ai/events/7027-nat-gas-prices-surge-on-lower-us-gas-output-and-colder-us-weather.md) | +20.1% | +73.4% |
| NATGAS | 2025-07-24 | [US natural gas prices climb on heat forecast, smaller storage build](https://feedsoft.ai/events/23959-us-natural-gas-prices-climb-on-heat-forecast-smaller-storage-build.md) | -2.1% | -9.8% |
| NATGAS | 2018-11-07 | [Commentary: U.S. natural gas prices surge on cold weather forecast - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/62209-commentary-u-s-natural-gas-prices-surge-on-cold-weather-forecast-energy-news.md) | +15.8% | +29.1% |
| NATGAS | 2025-12-26 | [US Natural Gas Futures Rise As Forecasts Predict Colder](https://feedsoft.ai/events/7192-us-natural-gas-futures-rise-as-forecasts-predict-colder.md) | +1.5% | +248.0% |
| NATGAS | 2022-12-08 | [US natgas futures surge on forecasts for colder weather - Markets - Business Recorder](https://feedsoft.ai/events/11507-us-natgas-futures-surge-on-forecasts-for-colder-weather-markets-business.md) | +27.9% | -29.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/11/06/natural-gas-prices-surge-on-surprise-forecast-for-cold-us-weather.html

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