Winter Storms Hit Natural Gas Storage, Temporarily Spike Prices

January 27, 2025--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--Anya, Blair, Demi, Cora and Enzo. No, this isn't a 70s pop group; it's the list of winter storms (so far) that have swept across various regions of North America this winter. While they have dumped much snow and dropped temperatures, the U.S. Energy Information Administration's (EIA) Natural Gas Weekly Update shows that spot prices week-to-week dropped across most regions, although there were intraweek spikes, as Enzo blew in through the southern U.S. And while storage has dropped, supplies are still basically in line with five-year averages, as drawdowns always exceed input during the winter.