The continuation of record warmth sent spot gas prices tumbling for the trading period from Dec. 27 to 29, which covered gas deliveries through the end of the year. Despite some gains on the West Coast amid a series of winter storms, NGI’s Weekly Spot Gas National Avg. dropped an impressive 64.5 cents to $3.985/MMBtu.

Nymex futures also stumbled in dramatic fashion as long-range forecasts left much to be desired as far as heating demand. The February Nymex contract, on its first day at the front of the futures curve, plunged 28.9 cents to $3.561.

As for cash price action, the Northeast recorded the steepest losses as the region closed the curtains on 2021 without any significant cold weather. Algonquin Citygate prices were down $5.760 week/week to average $4.165, while Transco...