RBC writes on Natural Gas today and they believe that elevated prices are here to stay in the short term or for as long as the artic weather front persists

“The biggest shift is in weather, with actual HDDs slightly beating forecasted levels since
late last week. However, the largest shift has been the rolling two-week forecast moving from just 8% colder than normal late last week, to now 35% colder than normal currently. This has driven up
demand expectations for residential and commercial sectors in key regions (i.e., the Northeast) and power demand (especially in the South Central region). This level of demand will keep prices elevated and likely drive larger than normal storage withdrawals for this point in the season.”