# Analysts Explain Why USA Natural Gas Price is Rising | Rigzone

> US natural gas prices rose on November 11, 2024, as the Henry Hub price ticked higher. Analysts cited colder-than-expected forecasts, lower wind output, and the start of seasonal storage withdrawals.

- Date: 2024-11-11 · published 2024-11-11T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/7032-analysts-explain-why-usa-natural-gas-price-is-rising-rigzone
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Colder weather and reduced wind generation raise gas-fired power demand and drawdowns, tightening supply. Higher gas prices increase costs for fertilizer and energy used by feed producers.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-12-03 | [Key global natural gas prices set to keep rising into 2025](https://feedsoft.ai/events/27138-key-global-natural-gas-prices-set-to-keep-rising-into-2025.md) | -0.5% | +12.3% |
| NATGAS | 2022-05-17 | [A hot summer could send rising natural gas prices shooting even higher](https://feedsoft.ai/events/41571-a-hot-summer-could-send-rising-natural-gas-prices-shooting-even-higher.md) | +5.4% | -7.3% |
| NATGAS | 2024-11-12 | [Natural Gas Prices Soar as Hurricane Disruptions and Rising LNG Demand Shake Markets](https://feedsoft.ai/events/7030-natural-gas-prices-soar-as-hurricane-disruptions-and-rising-lng-demand-shake.md) | +32.3% | +61.1% |
| NATGAS | 2022-01-03 | [U.S. natural gas prices rise as cold freezes wells \| Reuters](https://feedsoft.ai/events/43321-u-s-natural-gas-prices-rise-as-cold-freezes-wells-reuters.md) | +2.6% | +37.9% |

## Sources

- rigzone.com: https://www.rigzone.com/news/analysts_explain_why_usa_natural_gas_price_is_rising-11-nov-2024-178701-article/

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