# Nat-Gas Prices Surge on Lower US Gas Output and Colder US Weather

> December Nymex natural gas closed up 9.4% on November 11, 2024, to a six-week high. Lower-48 dry gas output fell 7.0% year on year to 98.3 bcf/day, and forecasters shifted toward colder US weather.

- Date: 2024-11-11 · published 2024-11-11T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/7027-nat-gas-prices-surge-on-lower-us-gas-output-and-colder-us-weather
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Falling production combined with heating-demand forecasts tightens the gas balance and supports higher US gas prices. Higher gas prices raise nitrogen fertilizer and processing costs for feed producers.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2025-02-11 | [Nat-Gas Prices Supported by Colder US Weather](https://feedsoft.ai/events/8696-nat-gas-prices-supported-by-colder-us-weather.md) | +46.3% | +30.3% |
| 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% |
| NATGAS | 2026-05-28 | [Nat-Gas Prices Surge as Storage Tightens and US Weather Turns Hotter](https://feedsoft.ai/events/19436-nat-gas-prices-surge-as-storage-tightens-and-us-weather-turns-hotter.md) | +0.2% | +6.2% |
| NATGAS | 2023-04-17 | [Nat-Gas Prices Surge on Cold U.S. Temps and Record LNG Exports](https://feedsoft.ai/events/36595-nat-gas-prices-surge-on-cold-u-s-temps-and-record-lng-exports.md) | +11.5% | +6.5% |
| NATGAS | 2021-05-17 | [Natural Gas Prices Jump On Warmer Weather \| OilPrice.com](https://feedsoft.ai/events/47270-natural-gas-prices-jump-on-warmer-weather-oilprice-com.md) | -2.8% | +13.6% |

## Sources

- barchart.com: https://www.barchart.com/story/news/29514917/nat-gas-prices-surge-on-lower-us-gas-output-and-colder-us-weather

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