The arctic freeze gripping the central US is set to intensify, putting further pressure on energy prices already trading at unprecedented levels over the long holiday weekend.
Natural gas hit a record $600 per million British thermal units in Oklahoma. Temperatures fell so far below forecasts in parts of the central and western US that physical gas prices soared from California to the Rockies, with one hub in Cheyenne, Wyoming, reaching as high as $350 per mmBtu, according to traders who asked not to be identified because the information isn’t public.
