Expectations for a colder-than-usual January on the East Coast cause natural gas prices to increase by as much as 20%.

On Monday, natural gas futures prices increased and reached a new 52-week high due to forecasts of unusually cold temperatures in January.

The temperature forecast for next month in the East, specifically from Florida to Maine as well as certain parts of the Great Lakes, is expected to be colder than average, which led to a 15% increase in the price of roses during a session after an updated outlook by The Weather Co. and Atmospheric G2 released Sunday.

The "Four Corners" region is predicted to experience above-average temperatures, while the West is expected to have milder temperatures than average, according to the report.

The report predicted that colder temperatures in the East could peak by mid-month, being "much farther below average" compared to the entire month's forecast for the eastern U.S. However, it is still uncertain how temperatures will hold in the second half of January.

Meteorologists from AccuWeather predict that the colder air will cause a "stormy pattern" in the first half of the month, with substantial snow and ice in certain areas. The drop will start in the middle and latter part of next week.

John Kilduff of Again Capital stated on CNBC's "Squawk on the Street" that natural gas "freeze offs" could occur, resulting in disruptions in natural gas production flows.

The firm's founding partner stated that we are discussing bone-chilling polar vortex weather, which has resulted in a spike in natural gas this morning.

In the session, February futures prices advanced as much as 20% and hit a high of $4.201 per thousand cubic feet, marking its highest level since Jan. 4, 2023, when prices traded as high as $4.219 per thousand cubic feet.

As natural gas prices have surged by nearly 9% in the past week and about 58% this year, the February futures move is a natural response.

While crude oil gained 79 cents to $71.16 a barrel, the price of rose increased by 30 cents to $74.39 a barrel.