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Natural Gas Jumps to 7-Year High as Winter Supply Worries Mount

  • Inflation fears rising amid rallies across commodity markets
  • Southern California prices climbing as heat wave boosts demand
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U.S. natural gas futures soared to a seven-year high amid escalating concerns about tight supplies heading into the winter-heating season. 

Gas prices are soaring across the northern hemisphere as anxiety mounts about the prospects of a supply crunch in coming weeks when cold weather begins to descend and homeowners switch on furnaces. A confluence of production and processing disruptions are running headlong into robust demand for the fuel in some of the world’s biggest economies.