US natural gas prices surged past $6 on winter shocks and short squeezes. Here’s what really drove the rally and what expert forecasts suggest for 2026.

Single-day freeze-off reaches 17 billion ft3 on 25 January 25, approaching Winter Storm Uri levels as intense cold drives historic price spike.

The new storage projects may provide extra months of supply and help during tight periods, but it doesn't solve the problem of a looming shortfall of natural gas.

The historic Spindletop oil site in Texas offers a model for storing more natural gas underground amid forecasts of surging demand. BEAUMONT, Texas — From the surface, the Spindletop salt dome in East Texas looks like a shadow of its former glory.

Below-average winter temperatures are accelerating gas storage withdrawals across Europe, pushing inventories well below recent norms and driving prices sharply higher.

Natural gas in underground storage likely fell by 103 billion cubic feet to 3,082 Bcf in the week ended Jan. 16, according to the average estimate of 11 analysts, brokers and traders. Estimates range from a withdrawal of 76 Bcf to a draw of 116 Bcf.

US natural gas prices continue to surge as a winter storm hits large parts of the US, while precious metal prices hit record highs yet again amid heightened geopolitical risks.