Supplies of natural gas in storage are stout everywhere, but East region inventories are closer to historical norms than any other section of the Lower 48.

Should the densely populated Northeast sizzle amid scorching temperatures as forecast this summer, utilities in the heavy-gas consuming corner of the country could burn through more gas in the coming months and have less to inject into underground stockpiles. That could trim supply excesses relative to past years and bolster prices.

Spot prices in the Northeast and neighboring areas are often volatile in peak demand periods, bouncing higher when there are demand surges or supply interruptions. On Friday, NGI’s Northeast Regional Avg. clocked in at $1.235/MMBtu – low but notably above the National Avg. of 95.5 cents.

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Related topics: Appalachia East EQT Corp. Lower 48 Mountain Valley Pipeline storage Summer

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