US natural gas futures spiked to an intraday high of $4.279/MMBtu during Sunday evening trading, driven by forecasts of another round of cold air set to sweep through next week.
“The pattern ahead is about as favorable as it gets for big dumps of cold air. Reminiscent of 2013/14 Winter at times in terms of the cold set up. Most of the country in the deep freezer by Day 8,” private weather forecaster BAMWX wrote on X.
BAMWX said the “major cold shot” will be the “coldest air yet this year” and “extend all the way to the Deep South.”
“One feature that has continued reoccur throughout this winter has been what we call the +TNH or the Hudson Bay Vortex,” the private weather forecaster said, adding, “We haven’t had a consistent +TNH pattern through winter in several years. The only recent year that had a strong +TNH was 2022.”
Pets and farm animals get cold too. Please keep them in comfortable.