NYMEX Henry Hub March jumps 75 cents to $5.50/MMBtu West Texas lows to remain below freezing through Feb. 5 The NYMEX Henry Hub prompt-month contract spiked Feb. 2 ahead of a major winter storm that will plunge temperatures across the eastern half of the country, likely triggering production freeze-offs even as gas demand for heating and power accelerates. Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX Henry Hub March settled at $5.50/MMBtu, up 75 cents, or 15%, from its prior settlement, according to preliminary CME Group data. The prompt-month contract has generally remained below $5/MMBtu over the last two months as a mild December helped keep gas demand down and storage levels near the five-year average. Spot gas prices across the country also rose steeply, with many locations rising more than $1/MMBtu. The largest daily gains were observed in the Southwest, where forecast […]