Futures Jump to Five-Year High; Midwest Leads Physical Gains

Spot natural gas for Thursday delivery bounded higher in Wednesday's trading as physical market traders elected to follow the path of the highly exuberant futures market. Less than a handful of cash points touched the loss column, and dollar-plus gains were seen at pipes feeding into the Chicago area. New England locations were mostly higher, and most prices in the Mid-Atlantic were up by double digits. Read More

Columbia Gulf Pipeline Ruptures in Kentucky

NiSource is investigating a rupture of its Columbia Gulf Transmission LLC pipeline that occurred about 2:05 a.m. EST Thursday on the system's 30-inch diameter Line 200 in Adair County, KY. Shippers were not being impacted, the pipeline said. Read More

What Storm? Northeast, East NatGas Cash Prices Lead Broad, Deep Decline

Physical gas prices for Thursday delivery tumbled once again in Wednesday's trading as temperatures in some metropolitan locations were expected to approach seasonal norms while traders said the expected heavy snowfall from Winter Storm Pax actually was dampening demand. All locations reported multi-dollar losses and when averaged over the entire country, next-day gas prices tumbled more than $2.00. Read More