Winter Storm Triggers 25% Jump in Natural Gas Prices Ahead of Cold Front

Natural gas prices surged about 25% as a major winter storm looms over much of the U.S., likely driving higher heating bills amid ongoing affordability concerns. The National Weather Service warns of hazardous cold, freezing rain and heavy snow, which could boost demand through February. The EIA expects overall gas costs to fall in 2026 but rise in 2027 due to growing LNG exports and electric-power demand, and analysts say households could face roughly $1,000 in heating expenses this winter as winter energy prices remain elevated.