The U.S. natural gas market ignored the Polar Vortex 2019 last week and prices have plummeted This is especially incredible since on Wednesday, total U.S. gas demand easily hit an all time record of 150 Bcf/d, half of which was for heating. The previous total demand record was January 1, 2018, when we devoured 143 Bcf/d but the market was spared because it was a holiday (i.e., less industrial facilities were in operation). Up until the this past week, U.S. gas demand this January was averaging about 110 Bcf/d. Although hub pricing spiked to winter highs in some areas such as Chicago Citygate, where the city saw its ... (full story)