If you buy, sell or burn natural gas in New England and Greater New York City, you already know the routine. A stretch of mild weather and boring prices, then a cold snap. The pipelines fill, cash prices go parabolic, power plants switch to oil and everyone points fingers at who’s to blame. In today’s RBN blog, we take a macro look at the push and pull shaping the New England and New York gas markets: two very different loads — heating and power — competing for constrained pipeline capacity, and the projects that might help.
The NATGAS Appalachia weekly report provides the data and insights to monitor the northeast natural gas market’s twists and turns and identify the risks and opportunities along the way, including tracking supply-demand trends, outbound capacity and their impact on takeaway pipeline utilization, and regional prices.
On January 27, 2026, in the grip of Winter Storm Fern (right-hand arrow in Figure 1 below), Algonquin Citygate (blue line), the New England natural gas benchmark, reached $122.58/MMBtu and, about 200 miles to the south, Transco Zone 6 New York (green line) hit $142.72/MMBtu. Those are stupendously high prices, especially in a region that sits a few hundred miles from the lowest-cost gas basin in North America. During a 19-day cold spell from January 23 through February 10, heating customers took priority on the pipelines, so oil-fired generation in New England briefly surpassed gas-fired generation, and ISO New England’s wholesale electricity-market transactions for December through February totaled about $6 billion, the highest winter total since the markets began in 2003.
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About the song
“Same Old Song and Dance” was written by Steven Tyler and Joe Perry and appears as the first song on side one of Aerosmith’s second studio album, Get Your Wings. The song was built on a Joe Perry guitar riff, with vocalist Steven Tyler writing the lyrics about legal troubles and a corrupt justice system in the rough side of town. It was released as the first single off the album in March 1974. In spite of not making the Billboard Hot 100 Singles chart, it got heavy airplay on progressive rock FM radio and is still a staple on classic rock stations. It is always on the set list in Aerosmith’s live shows, often including a long jam at the end from Joe Perry, Brad Whitford, and Tom Hamilton. Personnel on the record were: Steven Tyler (lead vocals), Joe Perry, Brad Whitford (guitars), Tom Hamilton (bass), Joey Kramer (drums, percussion), Dick Wagner (guitar solos), Michael Brecker (tenor sax solos), Michael Brecker, Randy Brecker, Stan Bronstein, and Tom Pearson (horn section).
Get Your Wings was recorded between December 1973 and January 1974 at the Record Plant in New York City and produced by Jack Douglas. Douglas would go on to produce eight more albums with the band. He was a key element in pushing the band to be the best they could be. The album was released in March 1974 and went to #74 on the Billboard 200 Albums chart. It has since been certified 3x Platinum by the Recording Industry Association of America. Three singles were released from the LP.
Aerosmith is an American rock band formed in Boston in 1970 by vocalist Steven Tyler, guitarists Joe Perry and Ray Tabano, bassist Tom Hamilton, and drummer Joey Kramer. Tabano was replaced by Brad Whitford in 1971. They released their eponymous debut album in January 1973. They have released 15 studio albums, seven live albums, 15 compilation albums, three EPs, and 72 singles. They have sold over 150 million records worldwide. They have won six American Music Awards, four Billboard Music Awards, four Grammy Awards, 10 MTV Video Music Awards, and have a star on the Hollywood Walk of Fame. They were inducted into the Rock and Roll Hall of Fame in March 2001. Eight members have passed through the band since its formation. After Steven Tyler suffered a severe vocal injury, the band announced their retirement from long-term touring in August 2024. They performed at California Dream On: Aerosmith & Friends at the Hollywood Bowl in October.
"About the Song" -- written by Mickey McMahan , RBN Director of Musicology
