Contango for UNG rollercoaster at 1.6%; Natural gas rises as Obama says we should use it, cold weather

Natural gas prices are climbing nearly 2%  today after President Barack Obama's statements that  said he wanted the U.S. to use more of it instead of foreign oil.

Colder weather is also being blamed to rising prices, as a cold snap is being forecast for much of North America in coming weeks.

The president emphasized that the U.S. could rely more on its own natural gas and biofuels to power vehicles and produce electricity.
AccuWeather forecasters said that cold weather could linger in northern parts of the U.S. into May or June. Environment Canada has also stated it expects a colder than usual spring. We still have snow on the ground in Ottawa and it is not melting too fast.

Contango

Contango, always very bad for UNG,  has risen slightly to 1.61%:

UNG continues its daily roller coaster, today up 1.94%: