Even though we have recently seen the coldest weather of the winter (Arctic Blast and Polar Vortex 2019), gas prices have collapsed 25% over the past 14 trading days. Overall, gas prices this winter 2018-2019 have been highly volatile, with daily expirations ranging from $4.84 per MMBtu back in mid-November to $2.73 on Friday. Last winter, gas prices from November 1 to February 1 were in a tighter range of $2.60 to $3.63. January spot gas prices in the more expensive Northeast regions were 50-75% lower than last January. Moreover, we knew that Polar Vortex 2019 would only be a two-day event, and a rapid rise in temperatures was widely forecast.

Source: Forbes February 04, 2019 00:07 UTC