Supply and demand is a wonderful thing. The only way for prices to get this high is to have both critical demand and issues with supply. In an area just a few hundred miles from the most prolific gas fields of the US means there is an issue with pipelines and/or local storage. NYC needs better grids, better gas supply, better insulation, or better something!
http://www.naturalgasintel.com/articles/112957-natgas-spot-hits-record-175mmbtu-at-transco-z6-ny-amid-noreaster-midday-alert
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