economy
February 23, 2026
Natural gas prices pop as huge winter storm slams U.S. northeast; New York City issues travel ban
It comes as cities and towns across the U.S. east coast brace for a major late-winter storm.
TL;DR
- U.S. natural gas prices rose over 3% due to a massive winter storm in the northeast.
- The storm is affecting 35 million people, with predictions of heavy snow, high winds, and coastal flooding.
- Hundreds of thousands are without power, with over 100,000 in New Jersey alone.
- New York City declared a local state of emergency and a citywide travel ban.
- Thousands of flights were canceled across the affected region.
- Natural gas futures for March delivery traded higher at $3.14 per million British thermal units.
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