With traders shifting their focus to the upcoming heating season, natural gas forwards at coastal demand hubs saw sizable basis shifts during the Sept. 28-Oct. 4 trading period, though price moves at other locations were more muted, NGI’s Forward Look data show.

November fixed prices at benchmark Henry Hub added 6.3 cents week/week to finish just shy of the psychological $3.00/MMBtu barrier at $2.965. Prompt month prices at numerous hubs throughout the Lower 48’s middle third traded in line with Henry, with fixed price adjustments of a dime or less in either direction.

West Side (Versus East Side) Story

Demand centers in the western United States and in the Northeast posted much larger moves for contracts across the winter strip, with West Coast winter basis rising...