The natural gas market was jolted awake on Tuesday as a displaced polar vortex tears through the Northern Hemisphere, bringing freezing temperatures to much of the central and eastern United States. 

U.S. natural gas futures have ignited, surging 27% to trade near $3.94 per MMBtu, according to Trading Economics. 

Tuesday's meltdown in market stability marks the largest single-day percentage gain in over a year, driven by a scramble among traders to price in the extremely cold forecast that extends through the end of January.

Shares of BOIL are climbing. See the chart and price action here. 

Frigid Forecast

According to the latest NOAA Climate Prediction Center outlook, Arctic air spilling south from Canada is expected to hold the central and eastern ...