SPOT GAS PRICES SURGE FOR JANUARY

U.S. deepfreeze sparks rise in gas demand that sends median spot price to an average $2.34/MMBTU, highest monthly average since July 1985. Product prices also jump. Refiners bringing plants back in operation after shutdowns. Average U.S. natural gas spot prices for January shot to their highest level since July 1985 because of heavy demand brought on by record cold weather throughout much of the U.S. late last month. Rising oil product prices brought demands for investigations as temperatures

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