Spot natural gas prices in the United States and Canada soared this week as many homes and businesses in the U.S. South and West cranked up their air conditioners to escape an early spring heatwave.
Energy traders noted U.S. gas prices were already trading at their highest in almost 14 years as much-higher prices in Europe keep demand for U.S. liquefied natural gas exports strong.
Next-day gas prices for Thursday at the AECO hub in Alberta, which supplies lots of fuel to the United States, rose to $6.90 per million British thermal units , their highest since March 2014 for a second day in a row.
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