Natural gas futures fell Tuesday despite mounting weather-driven demand and sliding production. Broader market concerns about inflation and panic in the financial sector helped slow momentum.


At A Glance:

  • EIA reports 90 Bcf injection
  • Forecast mostly mild for October
  • East Coast cash tanks

The April Nymex natural gas futures contract shed 3.3 cents day/day and settled at $2.573/MMBtu. May futures fell 3.6 cents to $2.690.

The prompt month had rallied 17.6 cents in Monday’s session.

NGI’s Spot Gas National Avg. ticked down 2.5 cents to $2.865. Prices varied by region. Cash prices had popped 28.0 cents a day earlier.

Spot prices could ease further in coming days following a message from Southern California Gas (SoCalGas) on its electronic bulletin board. SoGalGas...