Tuesday, October 26, 2021
HomeAlternative EnergiesNatural GasWinter-Fuel Worries Accelerate U.S. Natural Gas Price Increase - Bloomberg

Winter-Fuel Worries Accelerate U.S. Natural Gas Price Increase – Bloomberg


U.S. natural gas futures surged to the highest in more than a week after winter stockpiles of the furnace and power-plant fuel expanded less than expected, heightening concerns about adequate supplies going into the peak-demand season. 

Gas prices have already more than doubled this year and the peak, winter demand season is still week away in major cities like Chicago that rely heavily on the fuel for residential heating. The futures pushed almost 7% higher on Thursday after a government tally of crucial auxiliary supplies stored underground showed a weaker-than-expected increase with time running out to boost inventories.

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