A surge of cold over the next 5 days will give way to a sharp warming trend, dropping the January average HDD count to below normal, and natural gas prices are reflecting that in spades.
Here are the CPC gas-utility weighted totals, with their 7 day forecast through Jan 10th.
The longer range outlook shows the extreme return to tropical conditions in the CONUS, with HDD counts a bit above half their norms:
