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US gas futures surged to a two-year high as an Arctic blast hit major producing regions and caused substantial wellhead freeze-offs. The cold drove demand higher while output fell.
Lost wellhead production combined with strong heating demand tightens the gas balance and lifts energy costs for feed and processing operations.
energyintel.comAuthors Mark Davidson, Washington Everett Wheeler, Washington Editor Michael SultanFeb 21, 2025After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
