Buoyed by expectations for the lowest temperatures of the winter season so far, natural gas spot prices rocketed sharply higher during the first week of February. The Northeast’s reputation for extreme volatility was on full display as prices soared beyond $15.000 in some locations. NGI Weekly Spot Gas National Avg. surged 47.5 cents to $3.570.

Storage Report

The National Weather Service (NWS) said the low pressure system tracking toward the East Coast could lead to snow from the southern Appalachians to the Mid-Atlantic. There is still some uncertainty as to the storm’s exact track and location, but the latest forecast calls for snow, falling heavily at times, from the Washington, DC/Baltimore metro areas up the I-95 corridor to southern New England on Sunday.

“Snowfall totals could...