RE:RE:National BankYou get funny stories. For example, some people said gas prices were going up because of the cold weather this past week. Maybe. But the underlying conditions seem to be 2.
1. Inventories are very low historically.
2. This headline from OilPrice.com: US Natural Gas Prices to Spike as Exports Boom: In an effort to counter the energy crunch in Europe the US has agreed to export more LNG, but that commitment could cause the price of natural gas in the US to soar.
I think it is easier for people to reduce oil consumption than NG. The latter comes to your house via pipelines and you don't easily replace that heat source. That heat is more important than holidays, although oil will continue to be high as well I suspect. GLTA.