# US gas storage fields post largest draw of season as cold weather stays | S&P Global

> U.S. gas storage fields withdrew 219 Bcf in the week ended Jan. 21, the largest draw of the winter and above the five-year average of 161 Bcf. Storage now sits 10.6% below the year-ago level, and Henry Hub prompt prices reached a 14-year high.

- Date: 2022-01-27 · published 2022-01-27T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/6915-us-gas-storage-fields-post-largest-draw-of-season-as-cold-weather-stays-s-and-p
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Larger-than-expected storage draws signal tight supply amid cold weather, supporting higher natural gas prices. Higher gas costs raise fertilizer, drying and processing expenses that feed through to feed prices.

## Read by commodity

- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2022-01-27 | 1 | +21.0% | 4.6 | A larger-than-average storage draw (219 Bcf vs 161 Bcf five-year average) tightened supply and supported bullish sentiment, a fundamental backdrop rather than the main driver. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-02-11 | [US working natural gas volumes in underground storage decline 171 Bcf: EIA \| S&P Global](https://feedsoft.ai/events/5580-us-working-natural-gas-volumes-in-underground-storage-decline-171-bcf-eia-s-and.md) | +55.3% | -18.9% |
| NATGAS | 2020-11-10 | [US EIA bumps up gas production, consumption estimates for early 2021 \| S&P Global](https://feedsoft.ai/events/50347-us-eia-bumps-up-gas-production-consumption-estimates-for-early-2021-s-and-p.md) | -3.1% | -13.2% |
| NATGAS | 2024-01-11 | [Natural Gas Futures Rise on Big Storage Withdrawal - WSJ](https://feedsoft.ai/events/4188-natural-gas-futures-rise-on-big-storage-withdrawal-wsj.md) | -11.3% | -41.9% |
| NATGAS | 2025-07-25 | [US natural Gas prices rebound on storage surprise – ING](https://feedsoft.ai/events/23962-us-natural-gas-prices-rebound-on-storage-surprise-ing.md) | -2.1% | -8.3% |
| NATGAS | 2020-07-02 | [August Natural Gas Futures Jump After Lower Storage Injection, Signs of Stronger Demand](https://feedsoft.ai/events/11172-august-natural-gas-futures-jump-after-lower-storage-injection-signs-of-stronger.md) | +8.8% | +8.3% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/natural-gas/012722-us-gas-storage-fields-post-largest-draw-of-season-as-cold-weather-stays

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