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AccuWeather

Natural gas prices surge as early winter blast boosts demand

AccuWeather · New
AccuWeather
AccuWeather
New

With colder air spreading across key regions, rising heating needs are driving natural gas prices higher and increasing concerns about energy costs this winter. AccuWeather's Anna Azallion explains.

Breakdown
  • Natural gas prices hit highest level in three years due to polar vortex shift
  • EIA expects winter prices to average 40 cents higher than November forecast 6s
  • Colder December increased heating demand, driving price spike 15s
  • Futures surged 39% since September, peaking earlier this week 21s
  • EIA projects 3% rise in heating costs for natural gas users 31s