Gas contracts rose to the nearest maturity 2.9 cents, or 0.6%, to settle at $5.26 per million British thermal units, the highest closing level since February 2014 for the second day in a row.
Since Hurricane Ida entered the Gulf of Mexico in late August, gas prices have jumped more than 31 percent, largely due to the slow return to production after the storm.
Data from Refinitiv showed that average gas production in the United States has fallen to 90.1 billion cubic feet per day since the beginning of September, from 92.0 billion cubic feet per day in August.
This compares with a record monthly level of 95.4 billion cubic feet per day in November 2019.
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