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On Monday, U.S. Natural Gas Prices hit Highest Mark since 2022
Posted on 1/27/26 at 10:48 am
Posted on 1/27/26 at 10:48 am
quote:
U.S. natural gas prices surged above $6 for the first time since late 2022 on Monday as a huge winter storm swept across the country, leaving hundreds of thousands without power and forcing mass flight cancellations.
Natural gas futures for February delivery traded 17.7% higher, or 93 cents, to $6.21 per million British thermal units at 11:46 a.m. London time (6:46 a.m. ET), notching a new 52-week high.
It is the first time the contract, which is up around 68% year-to-date, has climbed above the $6 level since Dec. 2022, when European demand for U.S. liquefied natural gas soared following Russia's full-scale invasion of Ukraine earlier in the year.
quote:
The U.S. Department of Energy on Monday issued two emergency orders to mitigate blackouts in New England and Texas, seeking to keep grids stable and minimize the risk of blackouts.
"As Winter Storm Fern brings extreme cold and dangerous conditions across the country, maintaining affordable, reliable, and secure power is non-negotiable," U.S. Secretary of Energy Chris Wright said in a statement on Monday.
Power outages are estimated to cost the U.S. about $44 billion per year, according to data from the DOE's National Laboratories.
quote:
In natural gas output, the winter storm led to losses of up to 11% of U.S. production.
The total impact on January output, based on Rystad Energy’s initial intelligence of the freeze, suggests that America’s natural gas production would be down by 3.3 billion cubic feet per day (Bcfd) compared to an average of 104 Bcfd for the Lower 48 region expected earlier in January.
The Permian would be the main contributor to curtailments in gas output, too, Rystad Energy reckons. There is a potential for an additional 2.3 Bcfd loss for January, primarily driven by a significant curtailment scenario in the Permian similar to Winter Storm Uri in 2021.
The cold snap sent U.S. benchmark natural gas prices more than doubling in just one week in the strongest rally since the 1990s. Prices eased on Tuesday morning, following a 117% rally in recent days, as traders turned to profit-taking.
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Posted on 1/27/26 at 10:49 am to ragincajun03
So on a scale from 1-10” how low should my truck nutz be hanging based on this news?
Posted on 1/27/26 at 10:50 am to ragincajun03
quote:triggered
British thermal units
Posted on 1/27/26 at 10:51 am to Cosmo
Nobody will change anything. They’ll just bitch while continuing to drive their $80,000 vehicles as much as they want.
Posted on 1/27/26 at 10:51 am to ragincajun03
Meh, when it hits $10/MMBTU let me know.
Posted on 1/27/26 at 10:52 am to ragincajun03
Posted on 1/27/26 at 10:55 am to Cosmo
quote:
how low should my truck nutz be hanging based on this news?
Just be happy you haven't had to sell yours yet to help keep the truck payments current.
Posted on 1/27/26 at 10:58 am to ragincajun03
My utility bill hit 600 last month mainly on gas. Either make it warmer or gas cheaper
Posted on 1/27/26 at 10:58 am to ragincajun03
$5.65 high before the storm on the 22nd. Was just everyone loading up prior. Feel from there to $3.50 (damn lochness monster) on the 23rd and has been around the norm since.
Posted on 1/27/26 at 10:58 am to ragincajun03
Drumpf!
Posted on 1/27/26 at 11:00 am to ragincajun03
No wonder they were telling pumpers to get their asses out today and get wells back online 
Posted on 1/27/26 at 11:01 am to fareplay
Or insulate better. I know I have gaps and spaces that will get addressed this coming year. Windows are fairly new but I need to replace pretty much every exterior door and get some blow-in insulation added.
Posted on 1/27/26 at 11:06 am to ragincajun03
quote:
In natural gas output, the winter storm led to losses of up to 11% of U.S. production.
lol.They have so much gas in storage any temporary blip wouldn't even produce a ripple at the consumer level. If anything the homes without the power to use the gas should mitigate the loss of production.
Welcome to 2026 price gouging. Natural Gas gets their taste.
Posted on 1/27/26 at 11:53 am to Clames
That could be the case as well. We have tons of windows
Posted on 1/27/26 at 11:54 am to Mizz-SEC
quote:
Welcome to 2026 price gouging. Natural Gas gets their taste.
Natural Gas is price gouging us?
Posted on 1/27/26 at 11:59 am to fareplay
I own a Flir thermal camera, it can be pretty shocking to see how bad some walls can be. Pretty sure almost none of the exterior-facing walls of my upstairs closets have much insulation, spots with surface temps in the low-40's.
Posted on 1/27/26 at 12:15 pm to ragincajun03
Atmos about to shove two fists in my a-hole when I get my bill next month due to the freeze this weekend.
Posted on 1/27/26 at 12:18 pm to ragincajun03
quote:
Natural Gas is price gouging us?
Americans have zero concept how cheap their energy, particularly natural gas, is and has been for quite a while compared to the rest of the world
Posted on 1/27/26 at 12:19 pm to nerd guy
quote:
Atmos about to shove two fists in my a-hole when I get my bill next month due to the freeze this weekend.
Entergy customers are going to shite a brick when they see the fuel surcharge.
Prices into next week have hardly dropped.
This post was edited on 1/27/26 at 12:20 pm
Posted on 1/27/26 at 12:27 pm to ShaneTheLegLechler
quote:
Americans have zero concept how cheap their energy, particularly natural gas, is and has been for quite a while compared to the rest of the world
So would you expect prices to continue to rise in the coming year?
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