(WPVI/CNN) - Natural gas prices soared on Wednesday as another powerful winter storm hit the northeastern part of the U.S.
Natural gas futures prices, not affected by the immediate shortage, closed up 2.4 percent to $4.43 per million British Thermal Units on the New York mercantile exchange Tuesday - its highest since late December.
According to the U.S. Energy Information Administration, on a typical day, industry watchers say the Northeast's natural gas infrastructure is in need of an upgrade, particularly as natural gas production booms in the U.S.
When extreme winter hits suddenly the strain on that pipeline system increases.
Nearly all natural gas pipelines headed into New York and New England were constrained on Wednesday.
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