U.S. NatGas Price Volatility Hits All-Time High in 2022

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Volatility is defined as "liability to change rapidly and unpredictably, especially for the worse." Price volatility is the price of something (like natural gas) making big swings, both up and down, quickly and without warning. For years the price of natural gas was pretty much constant--it moved up or down here or there, but in very small increments. In fact, on MDN, we called the price of natgas, which was stuck under $3/MMBtu, "lower for longer." But those days are now behind us. The price of natgas is high, and the swings up and down in the price for natgas are extreme. According to a new analysis by the U.S. Energy Information Administration (EIA), natural gas price volatility hit an all-time high during the first quarter of 2022.

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