
Frigid temperatures and heavy precipitation on the West Coast drove spot natural gas prices to historic highs, with Northern California reaching $55/MMBtu. Storage inventories were low, drought cut hydroelectric output, and regional utilities had trouble receiving coal deliveries.
Prices reached levels not seen since summer 2018.
Low storage combined with drought-reduced hydro and coal supply makes regional gas balances very tight, pushing prices sharply higher. The spike highlights how regional shortages can quickly lift gas costs for power generation and industrial users.
Setelah 221 peristiwa cuaca bullish sebelumnya, Gas Alam bergerak median +3,3% selama 5 sesi (61% lebih tinggi; separuh tengah -5,2% sampai +14,0%), dan -0,3% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.