US natural gas prices have soared to their highest level in three years as the winter storm that hit the southern and eastern US over the weekend hampers production and increases heating and power demand.
Henry Hub futures prices for delivery in February surged to as high as $7.43 per million British thermal units on Monday, up 140 per cent since January 16. Spot prices at several locations reached $50 to $100/mBtu in northeastern states over the weekend and traded up to about $150 on Monday.
The jump in prices is expected to push up consumers’ gas and electricity bills, as Donald Trump’s administration faces criticism that it has failed to deliver on pledges to halve energy costs within a year of taking office.
您已阅读19%（719字），剩余81%（3023字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。