Just when it seemed the polar vortex had done its worse, the mere possibility of another cold front has sent natural gas prices surging to a five-year high.
The Wall Street Journal reports that the price of natural gas futures climbed by 11% on Wednesday. Investors snatched up futures contracts on news that another U.S.-bound cold front could send temperatures plummeting, putting a strain on dwindling stocks of natural gas.
Analysts fear that if the national supply of natural gas, currently projected at 1.4 trillion cubic feet, drops below the 1 trillion mark, shortages could stretch into next year, hitting households and businesses in the pocketbook. So the polar vortex could strike again and again, long after it has vanished.