A hot summer could send rising natural gas prices shooting even higher


Workers operate a drilling rig for an EBR Energy LP natural gas well near Columbus, Texas.

Scott Dalton | Bloomberg | Getty Images

U.S. natural gas prices more than doubled since the start of the year, and this summer’s air-conditioning season could send them soaring by at least another 25%.

In the futures market, gas prices rose 4.4% Tuesday as hot spring weather in the Southern U.S. pressured a market that has already been concerned about tight supplies. The warmer weather is forecast to continue across the region.

“In the last month, there has not been a meaningful uptick in U.S. lower 48 states production,” said Matt Palmer, senior director North American natural gas at S&P Global…


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