Benchmark
U.S. Natural Gas Is on a Path to `Crazy Prices' With No Relief in Sight
Gas market has lost much of ability to curb consumption through higher prices
Natural gas burns on a kitchen stove.
Photographer: Anita Pouchard Serra/BloombergThis article is for subscribers only.
U.S. natural gas is on a tear. Prices have almost doubled this year to the highest since the shale revolution more than a decade ago, driving up energy costs and helping fuel the fastest inflation in 40 years.
Yet the gas market, once considered a yawn among traders because of its predictability, could be setting the stage for a even wilder rally over the next few months, triggering bets on prices that would have seemed unimaginably high just a few months ago.