Natural gas prices were mostly lower in January bidweek trading as blasts of cold buoyed demand in a few regions, but with most of the country flush with supply after a slow start to winter. 

NGI’s January Bidweek National Avg., based on trades Dec. 22, 26 and 27, fell 25.0 cents month/month to $3.075/MMBtu, which was also well below the year-earlier average of $13.720 for January 2023 Bidweek.

Several natural gas hubs in the East and Central regions – where freezing low temperatures spread in late December – limited a more pronounced decrease in the bidweek price average. 

Gains were concentrated in the Northeast, Appalachia and Southeast, which had turned colder in late December and are forecast to see more cold in the first weeks of 2024.

Transco Zone 6 non-NY...