Spot prices for natural gas delivered over the weekend and Monday were higher overall as of early afternoon on Friday. However, price direction varied by region amid weather uncertainty and strong supply. Physical prices had declined the day before.

Chart showing NGI’s Iroquois Zone 2 Midday Alert natural gas price volatility from January 2025 to January 2026, with prices spiking above $35/MMBtu during winter cold snaps and falling below $5/MMBtu during shoulder-season demand lulls.

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Here’s the latest: