New Year Brings Low Temps, Higher Natural Gas Demand

To all of our East Coast readers riding out the “bomb cyclone,” we hope this finds you at 11 a.m. still in your pajamas, warm cup of cocoa in your hand, hunkering down on your couch to finally catch up on Stranger Things.

If this recent cold snap isn’t enough of a clue, 2018 is already a year for the record books. According to the Energy Information Administration, the lower 48 kicked off the New Year by experiencing the coldest day of the 21st century on Jan. 1. And with those bone-chilling temps, the demand for natural gas skyrocketed, helping to set a new record for natural gas consumption.

Overall, demand reached 150.7 billion cubic feet, which passed the previous single-day record of 143.3 Bcf on Jan. 7, 2014. However, residential and commercial natural gas consumption didn’t appear to set a record that day despite much colder-than-normal temps.