The Economic Times

US natural gas prices surge nearly 60% in just three days what triggered the sudden gas price spike and will the US economy face high inflation again?

US natural gas futures have skyrocketed 60% in three days, hitting nearly $5.00/MMBtu. An intense Arctic blast is driving record heating demand across the Midwest and Northeast. Supply is tightening as extreme cold causes wellhead freeze-offs in Texas. This sudden shift forced bearish traders into a massive short squeeze. While this spike fuels immediate inflation concerns, record domestic production may eventually stabilize the market.