RE:Unbelievable Natural Gas Prices right now Source from Bloomberg:
Gas in Chicago hit $220 per mmBtu, traders said.Physical gas was going for as much as $300 per mmBtu at a Texas hub.Oklahoma gas prices have swung anywhere between $50 to the high of $600.Spot gas prices across the eastern U.S. remained subdued amid milder temperatures, assessed at anywhere from $4 per to $12 per mmBtu on Friday, pricing data compiled by Bloomberg show.
Gas processing plants across Texas are shutting as liquids freeze inside pipes, disrupting output just as demand jumps. And oil production in the Permian Basin, the biggest U.S. shale play, is moderating as wells slow down or halt completely.