# U.S. Natural Gas Prices Jump Over 10% After Hurricane Rafael Hits | OilPrice.com

> US natural gas futures jumped over 10% to $2.94/MMBtu after Hurricane Rafael shut in about 16% of Gulf of Mexico gas output and more than 25% of oil output. European gas futures also rose to a one-year high on colder forecasts.

- Date: 2024-11-11 · published 2024-11-11T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/7028-u-s-natural-gas-prices-jump-over-10-after-hurricane-rafael-hits-oilprice-com
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Gulf production losses tighten both US gas and crude supply, pushing energy and fertilizer input costs higher. European gas strength adds to global energy-cost pressure on feed and fertilizer.

## Read by commodity

- WTI: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-01-26 | [U.S. Natural Gas Prices Jump On High Demand \| OilPrice.com](https://feedsoft.ai/events/6916-u-s-natural-gas-prices-jump-on-high-demand-oilprice-com.md) | +22.7% | +11.1% |
| 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% |
| NATGAS | 2020-08-03 | [Why Natural Gas Prices Just Exploded \| OilPrice.com](https://feedsoft.ai/events/10738-why-natural-gas-prices-just-exploded-oilprice-com.md) | +20.9% | +40.9% |
| NATGAS | 2025-12-25 | [Cold Snap Looms Over Eastern US As Natural Gas Price Jump Nearly 10% On Demand Fears - Dailyoilfutures.com](https://feedsoft.ai/events/7195-cold-snap-looms-over-eastern-us-as-natural-gas-price-jump-nearly-10-on-demand.md) | +1.5% | +248.0% |
| NATGAS | 2021-10-25 | [U.S. natural gas prices soar 10% as cold winter forecasts develop](https://feedsoft.ai/events/11757-u-s-natural-gas-prices-soar-10-as-cold-winter-forecasts-develop.md) | +5.2% | -4.0% |
| WTI | 2022-12-23 | [Storm cuts U.S. oil, gas, power output, sending prices higher](https://feedsoft.ai/events/38414-storm-cuts-u-s-oil-gas-power-output-sending-prices-higher.md) | +3.3% | +3.0% |
| WTI | 2020-08-28 | [-Oil prices dip as producers, refiners avoid worst of hurricane \| Reuters](https://feedsoft.ai/events/51781-oil-prices-dip-as-producers-refiners-avoid-worst-of-hurricane-reuters.md) | -3.6% | -6.5% |
| WTI | 2021-02-12 | [Record cold brings a windfall for small U.S. natural gas producers](https://feedsoft.ai/events/5581-record-cold-brings-a-windfall-for-small-u-s-natural-gas-producers.md) | +1.6% | +12.7% |

## Sources

- oilprice.com: https://oilprice.com/Latest-Energy-News/World-News/US-Natural-Gas-Prices-Jump-Over-10-After-Hurricane-Rafael-Hits.html

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