# The Global Energy Crunch's Effect on U.S. Fuels - DTN

> Energy shortages in Europe and Asia pushed global gas prices above $40/MMBtu in early October 2021, while U.S. wholesale distillate and propane prices reached seven-year highs. Henry Hub reached a seven-year high settlement of $6.312/MMBtu on October 5, a much smaller rise because of different U.S. market structure. The article links these shortages to low gas and coal stocks in Europe and Asia.

- Date: 2021-12-01 · published 2021-12-01T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7526-the-global-energy-crunch-s-effect-on-u-s-fuels-dtn
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Tight global energy supply supports natural gas and diesel prices, raising fertilizer, drying and transport costs for feed producers and reinforcing inflation pressure on feed ingredients.

## Read by commodity

- DIESEL: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-12-14 | [The emerging global natural gas market and the energy crisis of 2021-2022 \| Brookings](https://feedsoft.ai/events/43786-the-emerging-global-natural-gas-market-and-the-energy-crisis-of-2021-2022.md) | -1.2% | +7.3% |
| NATGAS | 2018-05-16 | [Fears Grow of Gas Market Supply Crunch  \| Energy Intelligence](https://feedsoft.ai/events/65198-fears-grow-of-gas-market-supply-crunch-energy-intelligence.md) | +0.0% | +4.9% |
| NATGAS | 2026-05-29 | [Natural Gas: Summer Heatwaves May Deepen the Global LNG Crunch \| Investing.com](https://feedsoft.ai/events/19438-natural-gas-summer-heatwaves-may-deepen-the-global-lng-crunch-investing-com.md) | +1.4% | +2.7% |
| NATGAS | 2021-10-21 | [4 ways the energy crisis hits U.S. electricity, gas, EVs - E&E News by POLITICO](https://feedsoft.ai/events/11754-4-ways-the-energy-crisis-hits-u-s-electricity-gas-evs-e-and-e-news-by-politico.md) | +20.7% | -4.0% |
| NATGAS | 2021-11-15 | [Surging US LNG exports hike domestic gas prices amid global supply crunch \| S&P Global](https://feedsoft.ai/events/44231-surging-us-lng-exports-hike-domestic-gas-prices-amid-global-supply-crunch-s-and.md) | +2.1% | -19.7% |
| DIESEL | 2026-04-30 | [Global energy costs rise as Iran war affects Brent crude oil price \| AP News](https://feedsoft.ai/events/19893-global-energy-costs-rise-as-iran-war-affects-brent-crude-oil-price-ap-news.md) | -9.9% | -14.5% |
| DIESEL | 2021-02-01 | [Analysis: Global fuel prices jump as Asia, U.S. to rev up demand in 2Q](https://feedsoft.ai/events/48814-analysis-global-fuel-prices-jump-as-asia-u-s-to-rev-up-demand-in-2q.md) | +7.2% | +13.8% |
| DIESEL | 2017-07-17 | [Weekly Energy Market Situation, July 17, 2017 - Fuels Market News](https://feedsoft.ai/events/70127-weekly-energy-market-situation-july-17-2017-fuels-market-news.md) | +0.1% | +7.9% |

## Sources

- dtn.com: https://www.dtn.com/the-global-energy-crunchs-effect-on-u-s-fuels/

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