Colder weather patterns are pushing natural gas prices higher—but don't expect a sustained rally. Record-breaking production levels are flooding the market, keeping a strong bearish grip on prices. Supply remains the dominant force here. Even as heating demand picks up from the forecasted cold snap, producers are pumping at all-time highs. That's a textbook recipe for price suppression. Traders watching this closely: production records often signal softer prices ahead, regardless of seasonal demand spikes.