Spot natural gas prices fell like dominoes during the week’s four-day trading period from Nov. 30-Dec. 3 for December gas delivery amid widespread mild weather that sapped demand. At the end of the trading period, daily gas was trading below $4.00/MMBtu at several locations across the United States, with NGI’s Weekly Spot Gas National Avg. down 86.5 cents to $4.145.


With warmth expected to continue for another couple of weeks — at least — natural gas futures also crumbled. By Friday, the January Nymex gas futures contract had dropped to $4.132, off from the prior Friday’s $5.477 settlement.

Despite the above-normal temperatures blanketing most of the country, there have been pockets of cold. The Northeast, for example, saw overnight lows dip into the 10s to 30s, boosting...