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U.S. Natural Gas Surges 60% in One Week Amid Cold Snap

The Henry Hub spot price climbed $1.86/MMBtu to reach $4.98/MMBtu, driven by increased heating demand in the southern United States and historically low European storage levels.

U.S. Natural Gas Surges 60% in One Week Amid Cold Snap

CountriesPays-Bas, États-Unis
CompaniesBaker Hughes, LSEG, United States Energy Information Administration (EIA)
SectorGaz
ThemeMarchés & Finance

The U.S. natural gas market experienced a sharp increase during the week ending January 21, 2026. The Henry Hub spot price rose $1.86 per million British thermal units (MMBtu), climbing from $3.12/MMBtu to $4.98/MMBtu, according to Energy Information Administration (EIA) data. Most U.S. natural gas hubs reported prices above $4.00/MMBtu in Wednesday trading.

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