With late spring cold waning, but convincing signs of early summer heat absent from the latest forecasts, regional natural gas forwards lost ground during the April 20-26 trading week, NGI’s Forward Look data show.

Henry Hub fixed prices for June delivery gave up 9.0 cents for the period to finish at $2.132/MMBtu. Fixed price discounts of a few pennies to a dime were the norm for much of the Lower 48.

More volatile hubs in New England and along the West Coast, meanwhile, saw heftier discounts as the lack of intimidating weather-driven demand heading into May appeared to take some of the risk out of prices in those regions.

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