Natural Gas Wins the (Frigid) Day(s)
Ed. note: CNN’s January 22, 2026, headline–“Extreme winter storm threat sparks historic natural gas spike”–begs for the proverbial rest of the story, presented below by Allen Brooks at Energy Musings.
“For those of us who lived through Uri and are still paying for its cost, the uproar over last week’s gas price jump is somewhat laughable. Yes, gas prices jumped to a high of $5.28/Mcf. However, during Uri, spot gas prices soared to $23/Mcf, while power prices were capped at $9,000 per megawatt-hour (MWh).”
Yes, natural gas futures prices rose from $2.70 per thousand cubic feet (Mcf) on Monday to close the week at $5.28, a jump of 96%. Just between the close of trading on Thursday and Friday’s close, the gas price rose by over 47%.…
The post Natural Gas Wins the (Frigid) Day(s) appeared first on Master Resource.
Source: https://www.masterresource.org/texas/natural-gas-wins-frigid-fern/
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