There’s not much on the record books to compare this week.

storage Feb. 12

Spot gas prices in some areas ballooned to the thousands and one of the biggest states in the country left more than four million of its residents in the dark and cold during a prolonged, unprecedented Arctic freeze. 

And that’s only a fraction of what occurred in probably the longest short week of the year, during which NGI’s Weekly Spot Gas National Avg. rocketed $16.855 higher week/week to $33.680.

A major component of that gargantuan increase stemmed from jaw-dropping gains in Oklahoma, where overnight temperatures plunged to within 10 degrees of zero beginning on Saturday (Feb. 13) and remained there through Friday. Daytime highs barely hit the freezing mark by the end of the week.

With operational...