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The primary driver of natural gas prices during the winter is the weather with natural gas storage levels coming in second. Forecasters are predicting a weak La Niña weather pattern for winter 2024/2025. La Niña patterns cause the Pacific jet stream to move North which leads to drought in the southern U.S. and Heavy Rains and Flooding in the Pacific Northwest and Canada. During a La Niña year, winter temperatures are warmer than normal in the south and cooler than normal in the North. La Niña can also lead to a more severe hurricane season.

Winter 2024-25 Outlook - Full Story



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