For the first since 2018, the natural gas spiked above $9 per million British thermal units in the US on worries of a supply crunch. Bob Yawger, director of the futures division at Mizuho Securities USA said, “It’s a function of the storage, and the storage situation is miserable.” Due to an energy crunch, the gas prices have skyrocketed over the past years fueled by the Russia-Ukraine war.