Natural gas futures stumbled for a second session Tuesday as warm November forecasts kept hopes of higher winter heating demand at bay. The December Nymex natural gas futures contract fell 12.4 cents day/day to settle at $3.140/MMBtu. January fell 10.1 cents to $3.463.

At A Glance:

  • Prompt month sheds 12.4 cents
  • Cash prices slide for sixth session
  • SoCal Citygate price volatility continues

NGI’s Spot Gas National Avg. fell 12.5 cents to $1.790, its sixth consecutive decline, with SoCal Citygate pricing continuing its recent streak of volatility.

SoCal Citygate led decliners, dropping $1.075 day/day to average $7.205, The move follows a jump of $2.290 on Monday and a dump of $1.540 on Friday. 

SoCal’s continued volatility and price premium have some of its buyers puzzled...