New England, NYC Brace for Another Winter of Gas Price Spikes

On January 27, 2026, in the middle of Winter Storm Fern, natural gas delivered into New England sold for $122.58 per MMBtu. Down the road, gas delivered into New York City hit $142.72. Both markets sit a few hundred miles from the lowest-cost gas basin in North America (that would be us, the Marcellus/Utica). A new analysis from RBN Energy says these winter price blowouts happen nearly every year; they're getting bigger, and the pipeline fixes now in the works are small and slow. With winter about to arrive, RBN sums it up as "same old song and dance."

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