# U.S. natural gas prices leap to four-year high amid low stocks: Kemp

> U.S. natural gas prices leapt to their highest level in more than four years as unusually cold weather spread across much of the country. Gas stocks were very low, so the market moved to conserve supply. Analyst Kemp noted that high prices could prompt gas-fired power producers to cut run hours and could discourage LNG exports.

- Date: 2018-11-14 · published 2018-11-14T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/9430-u-s-natural-gas-prices-leap-to-four-year-high-amid-low-stocks-kemp
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Scarce storage combined with a cold snap pushes prompt gas prices sharply higher, and that raises feed costs for buyers using natural gas-linked inputs such as DDGS and energy-intensive processing. Higher gas prices also shift power generation toward coal.

## Read by commodity

- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2018-11-14 | 1 | +8.6% | 3.6 | Describes prices reaching a four-year high on 2018-11-14 as cold weather spread and storage was very low, so the market moved to conserve supply. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-06-25 | [Natural Gas Prices Surge to Two-Year High, with July Futures Up Four Straight Days](https://feedsoft.ai/events/46763-natural-gas-prices-surge-to-two-year-high-with-july-futures-up-four-straight.md) | +10.5% | +21.6% |
| 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 | 2025-12-01 | [U.S. natural gas prices surge 4% to 35-month high in cold snap \| Gas Processing & LNG](https://feedsoft.ai/events/21695-u-s-natural-gas-prices-surge-4-to-35-month-high-in-cold-snap-gas-processing-and.md) | +11.0% | -4.3% |
| NATGAS | 2025-01-11 | [US natural gas prices soar to two-year high on colder forecasts - Markets - Business Recorder](https://feedsoft.ai/events/26699-us-natural-gas-prices-soar-to-two-year-high-on-colder-forecasts-markets.md) | +53.7% | -14.7% |
| NATGAS | 2026-01-23 | [Natural-Gas Prices Soar as U.S. Braces for Arctic Blast - WSJ](https://feedsoft.ai/events/4760-natural-gas-prices-soar-as-u-s-braces-for-arctic-blast-wsj.md) | -2.8% | -52.5% |

## Sources

- reuters.com: https://www.reuters.com/article/usa-natgas-kemp/column-u-s-natural-gas-prices-leap-to-four-year-high-amid-low-stocks-kemp-idUSL8N1XP64W/

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