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Natural gas prices jumped above $4.80 per MMBtu on Wednesday, the highest since the 2014 polar vortex, and rose about 30% over the past week. U.S. inventories were 3,247 Bcf for the week ending November 9, 528 Bcf below 2017 and 601 Bcf below the five-year average.
Early cold weather and forecasts of a cold winter drove the rally.
Storage running well below normal means little buffer against cold snaps, so price spikes can persist through winter. Higher gas costs raise energy expenses for feed processing and can support ethanol and DDGS economics.
oilprice.comNick Cunningham2018年11月15日在过去 221 次看涨的天气事件之后，天然气 在 5 个交易日内中位数变动 +3.3%（61% 上涨；中间一半区间为 -5.2% 至 +14.0%），20 个交易日内为 -0.3%。
历史可比事件尚不足，暂无法给出历史解读。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
