23:10 GMT +317 October 2019
Listen Live
    People struggle against wind and snow as they cross 125th street in upper Manhattan during a snowstorm in New York City, New York, U.S., January 4, 2018

    Natural Gas Prices in New York City Nearly Triple in 1 Day as Cold Grips US

    © REUTERS / Mike Segar
    US
    Get short URL
    840
    Subscribe

    NEW YORK (Sputnik) - Natural gas prices in New York City have spiked nearly three times in a single day due to a powerful winter storm and sustained cold weather, US Energy Information Administration said in a press release on Friday.

    "Prices for January 5 settled at about $83/million British thermal units (MMBtu) in Boston and about $140/MMBtu in New York City (NYC), up 128% and 173% from the January 4 prices," the release stated.

    The snowstorm hit the US northeastern earlier this week, and the temperatures are remaining some 25 degrees Fahrenheit lower than normal, with the coldest day expected to be January 6.

    Governor Andrew Cuomo issued a state of emergency for New York and the surrounding region on Thursday as the powerful storm left thousands of houses without power.

    Related:

    New Year, No Trees: Scrappy Squirrel Invades New York Home
    New York Governor Declares State of Emergency Due to Powerful Snowstorm
    Daesh Sympathizer Takes Selfies on New York's Snow-Covered Streets
    Tags:
    freeze, cold, snowstorm, prices, gas, snow, weather, United States, New York
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik