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