After some bouts of unusually hot summer weather, easing demand on the East Coast prompted a sharp sell-off in natural gas forward prices in the region for the Aug. 6-12 period. 

Northeast Total Gas Demand

With prices elsewhere across North America coming in mixed, September ultimately averaged flat at $1.886, while October slipped a penny to average $1.976 and the upcoming winter gained a penny to average $3.070, according to NGI’s Forward Look.

After a much hotter-than-normal July, the stage was set for an active tropical season, and August got off to a busy start. Hurricane Isaias slammed North Carolina as a Category 1 storm before heading up the East Coast, causing heavy winds, rain and widespread power outages that sapped demand. This week, though, heat and humidity returned, and power restoration...