Frigid weather patterns bolstered heating demand and sent February natural gas futures flying early this week.

Chart showing NGI’s weekly Henry Hub natural gas price versus Lower 48 storage levels from January 2025 through early January 2026, highlighting price trends alongside storage differences versus the five-year average and year/year levels, measured in $/MMBtu and Bcf.

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At A Glance:

Weather shifts much colderFutures approach $4.00NGI sees 95 Bcf storage draw