Commodities Corner: Natural-gas prices set to heat up just as temperatures start to fall

The winter heating season officially began this month, with U.S. supplies of natural gas roughly 17% below the five-year average for this time of year—sending prices for the commodity to their highest levels since January.

That could presage elevated, volatile prices as temperatures begin to fall.

Domestic natural-gas supplies in storage stood at 2.956 trillion cubic feet for the week ended Oct. 5, according to the U.S. Energy Information Administration. That’s the lowest amount in storage for this time of year, based on records dating back to 2010.

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