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Spot Prices Wrap: Natural Gas Retreats Despite Frigid Northern Air

Natural Gas Intelligence · last updated

Physical gas prices pulled back on Thursday as buyers took a breather amid fresh signs of robust supply.

Line chart showing NGI’s El Paso Permian daily natural gas prices from January 2025 through January 2026, with spot prices frequently dipping below $0/MMBtu and reaching extreme negative levels near -$9/MMBtu during periods of Permian Basin oversupply and pipeline congestion.

At A Glance:

  • Weekend chills in store
  • Bitter cold in far North
  • Supply remains strong

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