As natural gas markets restlessly awaited the arrival of more impressive cooling demand, regional forwards tumbled from coast to coast during the May 25-31 trading period, NGI’s Forward Look data show.

July fixed prices at benchmark Henry Hub shed 30.6 cents for the period to end at $2.267/MMBtu. Discounts of around 25-35 cents were common throughout the Lower 48.

In the Midwest, Chicago Citygate July prices dropped 28.7 cents to average $2.107, while in the Mid-Atlantic, Transco Zone 5 shed 25.7 cents to $2.843. Farther south, Florida Gas Zone 3 gave up 37.3 cents to $2.882.

A few West Coast hubs posted steeper fixed price discounts. PG&E Citygate July prices plunged 81.0 cents to end the period at $4.162.

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