A long-standing belief, held by many, has been that tropical disturbances, especially hurricanes, in the Gulf of Mexico provide a boost to natural gas prices as both onshore, and primarily offshore, production is affected by the storm’s destruction, resulting in tight supply.
Although that sentiment has valid points, the supply dynamic in the US has begun to shift, with production no longer as centralized as in years past, with more gas being produced in the Northeast, among other regions, and less gas coming from offshore Louisiana.