INSANE: 4 - The Real Truth

How High Can Gasoline Rise During the 2026 Driving Season?

Gasoline prices tend to rise during the peak driving season, during spring and summer, when drivers put more miles on their cars. Meanwhile, hostilities in the Middle East have turbocharged gasoline’s seasonal rally, lifting prices to the highest level since the 2022 driving season, when the war in Ukraine raised…

Barchart · May 21

What is Backwardation in the Crude Oil Futures Market Telling Us?

Crude oil remains in focus after events in the Middle East caused its price to double. Crude oil prices have declined from their recent high, but the jury is still out on whether they are heading for a new record high or will return to the 2025 levels at around…

Barchart · May 19

Forecasts for Hot US Temps Push Nat-Gas Prices Higher

June Nymex natural gas (NGM26 ) on Monday closed up +0.064 (+2.16%). Nat-gas prices climbed to a 1.75-month nearest-future high on Monday and settled sharply higher. Expectations of hotter, above-normal temperatures that could boost nat-gas demand from electricity providers to power increased air-conditioning use are pushing nat-gas prices higher. The...

Barchart · May 18

Cold US Temps and Strength in Crude Oil Lifts Nat-Gas Prices

June Nymex natural gas (NGM26 ) on Monday closed up +0.087 (+3.13%). Nat-gas prices rallied to a 4-week nearest-futures high on Monday and settled sharply higher. Nat-gas prices have support on the outlook for below-normal US temperatures in the near term, which could potentially boost nat-gas heating demand. Below-average temperatures...

Barchart · May 4

April’s Top Performers and Underperformers

Crude oil, gasoline, gasoline refining spreads, bitcoin, and cotton futures posted double-digit percentage gains in April, while Rotterdam coal, natural gas, and sugar futures posted the most significant declines. Higher interest rates and a weaker dollar index were a mixed signal for the commodities asset class in April 2026.

Barchart · May 1

Nat-Gas Prices Surge on a Smaller-Than-Expected US Storage Build

June Nymex natural gas (NGM26 ) on Thursday closed up +0.120 (+4.53%). Nat-gas prices rallied sharply on Thursday due to a smaller-than-expected build in nat-gas storage. The EIA reported Thursday that nat-gas inventories rose by +79 bcf for the week ended April 24, below expectations of +83 bcf. Nat-gas prices...

Barchart · Apr 30

Expectations of Abundant US Storage Undercut Nat-Gas Prices

June Nymex natural gas (NGM26 ) on Wednesday closed down -0.044 (-1.64%). Nat-gas prices settled lower on Wednesday on concerns that US domestic nat-gas storage levels will continue to climb. The consensus is that Thursday's weekly EIA nat-gas inventories will increase by +83 bcf, well above the five-year average for...

Barchart · Apr 29

Below-Normal US Spring Temps Boost Nat-Gas Prices

May Nymex natural gas (NGK26 ) on Tuesday closed up +0.009 (+0.35%). Nat-gas prices finished higher on Tuesday as the outlook for below-normal US spring temperatures could potentially boost nat-gas heating demand. The Commodity Weather Group said Tuesday that below-average temperatures are expected across most of the US through May...

Barchart · Apr 28

Colder US Weather Forecasts Lift Nat-Gas Prices

May Nymex natural gas (NGK26 ) on Monday closed up +0.027 (+1.07%). Nat-gas prices settled higher on Monday as short covering emerged amid colder US weather forecasts, potentially boosting nat-gas heating demand. The Commodity Weather Group on Monday said forecasts shifted colder, with below-average temperatures expected across the Northeastern US...

Barchart · Apr 27

Nat-Gas Prices Sink on Abundant US Supplies

May Nymex natural gas (NGK26 ) on Friday closed down -0.091 (-3.48%). Nat-gas prices sank to a 1.5-year low on Friday and settled sharply lower. Growing US nat-gas stockpiles and above-normal US spring temperatures, which will reduce nat-gas heating demand even further and add to already burgeoning inventories, are weighing...

Barchart · Apr 24