# Gas Prices Explode in U.S. Northwest as Temperatures Plunge

> Benchmark US natural gas futures traded near $2.80 per MMBtu in New York on Friday. Spot gas for weekend delivery at Sumas, Washington, near the Canadian border, surged to $200 per MMBtu, the highest spot price recorded in the US, as frigid temperatures drove traders to scramble for supplies.

- Date: 2019-03-01 · published 2019-03-01T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/7994-gas-prices-explode-in-u-s-northwest-as-temperatures-plunge
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Extreme regional cold pulled spot supply into a single constrained pocket of the gas grid. For feed buyers the signal is indirect, since gas-fired power and gas-based fertilizer costs can tighten when cold snaps hit.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2025-12-29 | [Nat-Gas Prices Soar as US Temps Plunge](https://feedsoft.ai/events/7191-nat-gas-prices-soar-as-us-temps-plunge.md) | -17.1% | +187.6% |
| NATGAS | 2023-07-26 | [Natural Gas Futures, Cash Prices Advance Alongside Soaring Temperatures](https://feedsoft.ai/events/35228-natural-gas-futures-cash-prices-advance-alongside-soaring-temperatures.md) | -6.3% | -4.6% |
| 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 | 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 | 2019-04-03 | [Pacific Northwest sees highest daily natural gas spot prices in the U.S. since 2014 -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/59775-pacific-northwest-sees-highest-daily-natural-gas-spot-prices-in-the-u-s-since.md) | -0.6% | -4.3% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-03-01/power-surges-to-record-levels-as-frigid-air-grips-u-s-northwest

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