January natural gas futures ripped higher Tuesday, logging their biggest daily gain in three years as colder weather forecasts collided with thinning holiday liquidity.

Line chart titled “NGI’s Northeast Regional Key Forward Basis Curves” showing forward natural gas basis prices in $/MMBtu for Algonquin Citygate, Iroquois Zone 2 and Transco Zone 6 NY from December 2025 through January 2028, with pronounced winter spikes in early 2026 and early 2027 and weaker summer pricing.

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At A Glance:

Futures surge on colder weather forecastsLow holiday liquidity amplifies volatilityCash prices mostly lower