As forecasts pointed to some minor easing in the intensity of summer heat through the middle of August, natural gas forwards prices were mixed, with mostly modest gains during the July 28-Aug. 3 trading period, NGI’s Forward Look data show.

Southeast Prices

Fixed price trading for September delivery at benchmark Henry Hub climbed 13 cents week/week to $8.135/MMBtu. That established the baseline for small gains in fixed prices at a majority of Lower 48 hubs during the period, though losses were scattered across eastern and southern hubs.

NatGasWeather said strong upper high pressure with peak temperatures in 90s-100s will define conditions through mid-August for most of the country, but weather systems with showers were expected to track across the Upper Midwest and to the East beginning this...