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flag A winter storm spiked U.S. natural gas prices over 60% due to surging heating demand and supply disruptions.

flag A major winter storm has caused natural gas prices to surge over 60% in recent days, marking the largest weekly increase since 1990 and the highest level since 2022. flag The storm, bringing heavy snow, sleet, and freezing rain across much of the U.S., is driving sharply higher demand for heating, especially electric heat, which is less efficient and increasing electricity usage. flag Supply disruptions from freezing temperatures, known as "freeze-offs," may reduce output in key production regions, while some gas could be diverted from LNG exports to meet domestic needs. flag Although current inventories are adequate, rising demand from AI data centers, power generation, and expanding exports is expected to pressure prices, with long-term increases potentially emerging in 2027. flag Consumers can expect gradual bill hikes over the next six months to a year.

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