Picture-perfect weather across the country sank spot gas prices for the April 5-9 week, with markets on the East Coast leading the way with the steepest losses in the Lower 48. NGI’s Weekly Spot Gas National Avg. ultimately fell 15.0 cents week/week to average $2.250.

EIA storage april 2

Nymex futures were far less volatile, aside from the start of the week, when the May contract sunk to a year-to-date low after a major warm revision in the April forecast.

Driven by mild temperatures in the 50s to 70s across the northern United States, Northeast markets posted substantial decreases week/week. The result was sub-$2.000 pricing even in some of the highest-priced markets.

Algonquin Citygate prices averaged $1.885 for the April 5-9 week, off 51.0 cents week/week. Transco Zone 6 non-NY tumbled 48.5...